Smaller co-workspace operators in the Chicago are capitalising on demand for space in secondary markets. Some larger brands don’t easily transfer outside of big cities, according to Beauty Shoppe , CEO and chairman of Arenas . Many of the more than 100 locations Serendipity has in development are planned for secondary markets as it seeks to meet suburban demand. The company said firms looking for office space for 100 people or less are no longer signing traditional leases. John Arenas and Workbar are among the other co-workspace operators focusing on suburban locations.
Smaller co-workspace operators in the US are capitalising on demand for space in secondary markets. Some larger brands don’t easily transfer outside of big cities, according to John Arenas, CEO and chairman of Serendipity Labs. Many of the 100 locations Serendipity has in development are planned for secondary markets as it seeks to meet suburban demand. The company said firms looking for office space for 100 people or less are no longer signing traditional leases. Beauty Shoppe and Workbar are among the other co-workspace operators focusing on suburban locations.