Coworking chains are enticing for potential members in many ways. They have multiple locations in most major cities, which means there will most likely be one close to your home or Airbnb while you're traveling, and they also have flexible membership options. Having access to multiple locations is a huge benefit to users that travel frequently — whether it's for work, to meet clients, or simply for pleasure.
Current and future coworking space owners should keep an eye on them because they have unique features and, at the moment, are extremely successful. These companies are experiencing tremendous growth, utilizing various business models, from franchising to more boutique, customized services. In the years to come, the impact these companies have on the industry, from the trends they introduce to the profits gain, will determine the future of coworking.
Interested in coworking statistics? Check out our analysis of the coworking industry here.
Impact Hub is a global network focused on building communities for impact at scale. With 100+ communities of 16,500 change-driven entrepreneurs in more than 55 countries across five continents, Impact Hub is one of the world’s largest communities and accelerators for positive change. The company builds ecosystems to drive collaboration and entrepreneurial innovation around the Global Sustainable Development Goals through locally rooted Impact Hubs, as well as with partners and allied networks.
WeWork counts a whopping 341 locations in 65 cities around the world. Founded in 2010, WeWork currently has over 50 locations in New York City and is on its way to becoming the largest private office tenant in Manhattan. They offer a “We Membership,” hot desks, dedicated desks and private offices. The basic membership, with access to the WeWork network and credits to book a room or use a hot desk, starts at $45 per month. At the moment, it has more than 200,000 members.
Your Alley has two locations in New York City, one in Washington D.C. and one in Cambridge, MA — a few minutes away from MIT. Alley is a smaller chain, compared to others on our list, but there are many more locations coming soon! Day memberships, shared desks, dedicated desks and private offices are available.
Knotel has raised over $95M in funding, in just over a year, and with more than 1-million square meters of workspace and 45 locations, it's quickly becoming one of WeWork's main competitors. Domestically, the company has its major offices in New York and San Francisco, but Knotel has also begun an aggressive international expansion and now operates in London and Berlin.
District Cowork has one location in New York City. More locations in New York, Miami, Chicago, Vancouver, Toronto and five locations in Asia are coming soon. Available membership plans include gallery desks, dedicated desks, private offices and virtual memberships.
Make Offices currently has 14 locations across Chicago, Washington D.C. and Philadelphia. Locations in other states are coming soon, too. Like most of the other coworking space chains, they offer virtual office memberships, open desk memberships and private offices. The virtual office membership starts at $75, while a daily pass is $25.
Industrious Office currently has over 90 locations across more than 45 U.S. cities. They have flexible leasing offers and members can choose between different types of offices.
Techspace has nine total locations. Three Locations in New York, one in L.A., two in Orange County, one is in San Francisco, one in Austin, one in Houston and a new one opened in Washington D.C.
Serendipity Labs has 19 locations in the United States and, according to the company, over 100 Serendipity Labs are in development across the country. They have four different memberships: Friend of the Lab, Mobility member, Coworking member and Resident member. The basic membership starts at $49 and the resident membership, where you have a dedicated desk and access 24/7, starts at $799.
Green Desk offers nine locations in New York City, three of these are in the Brooklyn borough, DUBMO. They have space for individuals and also for growing teams, consisting of up to 30 people. They count around 5,000 members and their virtual office service starts at only $49/month.
SomaCentral has three locations in San Francisco and Oakland. It focuses on tech startups. Instagram, Mashable and Twilio are all SomaCentral alumni, along with dozens of other successful companies.
Despite how far-reaching these large coworking chains have become, small coworking spaces still have room to grow into successful spaces. The market for coworking is huge and it's far from being saturated. Members who seek a big network, consisting of many other co-workers, should definitely consider a coworking space chain.
Spaces originated in Amsterdam, Netherlands and has been growing rapidly since 2008. As of now Spaces has offices in Europe, the Americas, Asia & Pacific and even Africa. Just in August of last year they opened five new spaces. Customers are especially happy with the flexibility that Spaces provides, as the contracts are tailored to each client's needs.
While it's difficult to define what a coworking company or a coworking chain really is, here are some other interesting companies making waves in the U.S. as well as in the rest of the world:
Considered one of the first companies worldwide (if not the absolute first) to offer and market shared office space options, Regus currently works with around 3,000 coworking spaces worldwide. Its unique model (it is really more of a platform than a coworking company) means that Regus faces very different challenges, compared to most of the spaces listed in this article. Nevertheless, it's one of the biggest players in the industry and ultimately competes with the other coworking giants.
Talent Garden is Europe's largest network of coworking spaces, with 23 campuses in eight different countries. The company's focus is on the community, rather than the spaces themselves, and to achieve this they are partnering with leading companies in the tech industry such as Google, Cisco and BMW.
Before its acquisition by Ucommune, Chinese company Woo Space was the largest coworking chain in Asia, counting locations in Beijing, Shanghai and Tianjin, covering a total workspace area of over 100,000 square meters. This was only one of the many acquisitions undertaken by Ucommune, which among others, include Fountown (26 spaces in Shanghai and Beijing) and Workingdom. Ucommune latest round of funding at the end of 2018 put the company's valuation at $3 billion, and their growth is not slowing down.
Despite WeWork's acquisition of the Chinese company Naked Hub, Ucommune seems to have enough resources to maintain its leadership in the Chinese market in 2020.
The founder of Novel Coworking witnessed the success of Regus and determined to add a more personal touch into his company. Today Novel Coworking distinguishes itself by owning the buildings and therefore charging lower prices than its competitors. This also enables the clients to customize their offices more easily. Apart from the 4 spaces in Chicago, Novel Coworking also has locations in major cities such as Denver, Houston, Richmond, Seattle and more. Check their website to find out about their locations.
Our analysis shows promising growth for these three coworking franchises around the world. Keep up with their progress and see if they catch up to big names like Regus in 2020.
Servcorp opened three new spaces since Sepember, in Sydney, Brisbane and Melbourne respectively. It offers virtual office plans in 22 locations around the United States and 160 more around the world.
CommonGrounds opened two new spaces since September, one in Long Beach California and one in Denver, Colorado. It already has a series of locations planned out, opening in 2020 and no doubt even more in the future.
MindSpace opened a franchise in Poland in August and two franchises in Washington D.C. and Israel in October. Its new openings already tell you how international they are with cosmopolitan clients all over the world. MindSpace boasts a vibrant community along with their own magazine content you can check out here.
Is there any other company that should be on this list? Let us know your thoughts and drop us a line at email@example.com
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