Spaces ' expansion in North America has been accelerated with the announcement of two large leases in Canada . The co - working brand owned by IWG has agreed to lease 127,158 sq ft at The Well in Toronto , it 's largest - ever lease . Switzerland-based IWG, which unsuccessfully tried to sell itself in recent months, also owns the serviced-office provider Regus, its longstanding brand aimed at more-conservative tenants. The company will also take 120,393 sq ft at a building under development in Vancouver . Both are scheduled to open in 2020 . Spaces , which has 137 offices in 150 cities across the world , plans to increase that to 197 by the end of this year , 68 of them in North America .
Spaces ' expansion in North America has been accelerated with the announcement of two large leases in Canada . The co - working brand owned by IWG has agreed to lease 127,158 sq ft at The Well in Toronto , it 's largest - ever lease . The company will also take 120,393 sq ft at a building under development in Vancouver . Both are scheduled to open in 2020 . Spaces , which has 137 offices in 150 cities across the world , plans to increase that to 197 by the end of this year , 68 of them in North America .