News that The We Company is preparing to list is a sure sign that flexible workspace and co-working is part of the mainstream, according to John Williams, CMO of The Instant Group. “Companies are realizing they need more flexibility in their work environment,” he said. Demand for flexible space is growing at a rate of 25% per annum, creating ample opportunity for WeWork to continue to expand. Williams said. However, with more than 5,000 providers globally, many operating just one or two centres there will inevitably be consolidation in the sector he added.
News that The We Company is preparing to list is a sure sign that flexible workspace and co-working is part of the mainstream, according to John Williams, CMO of The Instant Group. Research conducted by the company reveals that WeWork operates 2.2% of co-working space globally, and in the UK and US—its leading markets—they operate 2.3%, beaten only by IWG. Demand for flexible space is growing at a rate of 25% per annum, creating ample opportunity for WeWork to continue to expand. Williams said. However, with more than 5,000 providers globally, many operating just one or two centres there will inevitably be consolidation in the sector he added.