News

September 16, 2025

Patch is preparing to open its flagship site at the £107 million Forum development in Gloucester’s Kings Quarter, marking a major milestone for the city. The co-working operator will offer flexible workspaces alongside community programming such as baby yoga and cinema clubs, designed to create a hub for both professionals and residents. Founder Freddie Fforde described the Forum as the highest-quality scheme Patch has worked on, highlighting its striking glass design and views of Gloucester Cathedral. He called the project “extremely exciting” and a true anchor for the city’s future, sending a strong message of cultural and economic confidence. With Patch joining as a core tenant, the Forum is not only adding much-needed workspace but also positioning itself as a vibrant center of collaboration and community life in Gloucester.

September 16, 2025

Convene, the meeting and event venue operator behind the Fast Company Innovation Festival, has launched a new parent company called Convene Hospitality Group. The new entity will oversee its existing brands, including etc.venues in the UK, as well as a fresh brand focused on immersive activations such as gala dinners and fashion shows. With this structure, Convene aims to simplify the event planning process by tailoring spaces to specific types of gatherings. CEO Ryan Simonetti explained that the strategy is to build distinct brands around different event formats, giving clients confidence that they are booking the right space for their needs.

September 16, 2025

In Q2 2025, the U.S. coworking market shifted into a recalibration phase. After strong growth earlier in the year, expansion slowed, with national flexible workspace inventory rising by just 0.4% compared to a 3% jump in the first quarter. The number of coworking locations also fell by 1%, the first post-pandemic decline, as operators consolidated and closed underperforming sites. Major urban centers like Manhattan saw both footprint and location counts shrink, but the remaining spaces grew slightly larger, signaling a move toward fewer, more premium hubs designed for hybrid work. At the same time, suburban and secondary markets such as Long Island, Birmingham, and West Palm Beach recorded notable growth, showing how coworking is increasingly spreading beyond city cores to meet demand for flexible, commuter-friendly options. – Source: Yardi Coworking Cafe

September 16, 2025

NeueHouse, the upscale coworking and members club with locations in New York and Los Angeles, abruptly announced it will shut down this Friday and file for Chapter 7 bankruptcy. The company, known for its stylish spaces and celebrity clientele, cited “legacy liabilities” as the reason for closure. Its three sites, including Manhattan’s 50,000 square foot Flatiron hub, will cease operations, leaving landlords and members in limbo. Founded with backing from high profile investors and once positioned as a premium alternative to WeWork, NeueHouse had raised $30 million in 2018 but ultimately could not overcome financial pressures, particularly following the recent death of cofounder Joshua Abram.