WeWork continues to focus locally with its global expansion, including Seattle

March 24, 2019
Share this Post: 

Coworking space aggregator, WeWork, has been rapidly expanding on a global level, though it's not glossing over the local cities it had yet to move into. On a global scale, there are over 400,000 members and 425 physical locations in around 100 cities and 27 countries. The company adds an average of 1.5M SF every month.

In March alone, WeWork opened 19 new locations and expanded 19 existing locations in 14 countries and 29 cities. 

Locally, the company grew from four locations at the end of 2017 to 12 today. By the end of the year, WeWork expects to have 22 locations in the Seattle and Bellevue area. The coworking giant recently secured four new leases including an entire building on Capitol Hill.

“There is a lot of competition for real estate and flexible use of real estate,” WeWork Vice President and General Manager Gina Phillips said. “We are being very aggressive here. Moreso than other markets in the U.S.”

She credits the company’s local growth in part to the city’s strong inflow of tech talent.

“People are choosing to live in Seattle, and then find work,” she said.

The high-talent workforce is creating a critical mass that is pulling startup companies into the city. Those startups find office-sharing space more affordable and flexible. Many of the companies that have evolved beyond the startup phase continue to use WeWork’s services, Phillips said. 

Read more here

Join us in Miami Beach, June 5-7 for the Global Online Marketplaces Summit.

899

Read more

March 24, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick