IWG plans to set up a master franchise agreement in Canada and is seeking 48 or more partners to help accelerate its growth in the country. CBRE , CEO of IWG and Latin America , said that demand for flexible office space was greater that its capacity and ability to invest, and that it sees the Canadian partnership as a great opportunity for investors. IWG launched its franchise program in Canada last August and said the master franchisor could work alongside the franchisees collecting fees from them. (A newly released GWL Realty Advisors study on the evolution and future of co-working found that overall Q2 penetration of flexible office space, as a percentage of overall inventory in Canada’s three largest markets, reached about 3.25 per cent in Vancouver, about 1.75 per cent in Toronto and about 1.25 per cent in Montreal. It hopes to have a master franchise agreement in place by last August .
IWG plans to set up a master franchise agreement in Canada and is seeking 48 or more partners to help accelerate its growth in the country. CBRE , CEO of IWG and Latin America , said that demand for flexible office space was greater that its capacity and ability to invest, and that it sees the Canadian partnership as a great opportunity for investors. IWG launched its franchise program in Canada last August and said the master franchisor could work alongside the franchisees collecting fees from them. It hopes to have a master franchise agreement in place by last August .