News

September 30, 2025

Smartworks Coworking Spaces has launched a new offering called SmartVantage, aimed at helping foreign companies establish Global Capability Centers (GCCs) in India. With this solution, Smartworks will provide large format whole building campuses, in many cases over 500,000 square feet, that can be customized to align with a GCC’s brand and functional needs.

The company already has a portfolio of 12 million square feet across 14 cities in India and Singapore. Under SmartVantage, it promises multi city continuity and a quick time to go live, with office delivery within 60 days.

Smartworks will partner with external specialists to offer a full ecosystem of support to GCCs, including legal and compliance, taxation, talent acquisition, operational advisory, and research and development services.

Neetish Sarda, Founder and Managing Director of Smartworks, emphasized that flexibility and rapid scalability are critical for GCCs, and that SmartVantage builds on the company’s strength to deliver those capabilities nationwide.

September 30, 2025

WeWork India has set its initial public offering share price band at 615 to 648 rupees per share, targeting a valuation of about 86.85 billion rupees or roughly 979 million US dollars.

The IPO will open to retail investors on October 3, with anchor investors able to place bids beginning October 1. The offering consists entirely of existing shares, meaning no new shares will be issued.

The company is majority owned by the Embassy Group and operates coworking centers in eight Indian cities. By going public, WeWork India aims to raise its brand profile and provide liquidity for current shareholders.

Once listed, it will compete more directly with other Indian coworking providers such as Smartworks and Awfis.

September 19, 2025

India has claimed the top spot on Cushman & Wakefield’s Global Flexible Office Maturity Index, scoring a perfect 100 and surpassing the UK, France, the US, Japan, and Singapore. As of June 2025, the country’s flexible office footprint in eight major cities stood at roughly 79.7 million square feet. That is expected to rise to 85 million by the end of 2025 and exceed 100 million by 2026, driven by growing corporate demand, “core+flex” leasing strategies, and strong investor interest including IPOs. Note: coworking is spelled without a dash.

September 17, 2025

The article argues that Gen Z’s desire for meaningful work and work-life balance is clashing with increasingly rigid workplace expectations and the growing cost and scarcity of child and elder care. Rather than separating work and family life, one promising solution is the growing model of co-located coworking and childcare spaces, where parents can work and have their children cared for in the same building. Early case studies show benefits: childcare providers are more fairly compensated and respected, parents gain flexibility and community, and families feel more supported. But these spaces remain rare, often underfunded, and tend to serve privileged users—limiting their broader potential. The author calls for more public and private investment in such integrated work-and-care hubs to make them accessible to all, helping to reshape how society thinks about work, care, and community.

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.