Trend shows corporate companies choosing to utilize WeWork offices

February 4, 2020
Share this Post: 

Trends point to corporate heavy hitters opting for flexible workspaces, turning to companies like WeWork.

The tough economy, the trend towards flexible office environments and access to global markets are among the reasons behind more local corporations, such as Standard Bank, Naspers and Red Hat, moving their teams to WeWork’s co-working offices.

Officially launched locally in September, the shared workspaces company is a chain of co-working spaces that offer flexible working spaces and exclusive services to members, rivaling the traditional larger office set-up.

Since opening its doors, WeWork South Africa’s largest office space, based at The Link in Rosebank, has reached a 99% occupancy rate, with 43% of its members consisting of large enterprises.

Targeted at established corporations, freelancers and entrepreneurs, WeWork says it is disrupting the local real estate office sector by offering enterprise tenants sublet offices, which they may not otherwise be able to afford, eliminating overhead costs, and offering global networking opportunities.

T-Systems, FTI Consulting, Discovery Health and Platform45 are among the local enterprises that have taken up space at WeWork’s Rosebank-based building. They join the ranks of global corporates such as Microsoft in Seattle, financial services company HSBC in London, Deutsche Bahn in Germany and Carrefour in Paris, which are opting to move to these cosy corporate co-working areas.

Read more here

February 4, 2020

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Cian Going Public On Nyse
Russian Market Leader Cian Files for IPO on the NYSE

Russian market-leading real estate vertical Cian has filed with the SEC for an initial public offering on the NYSE with...

Read More
Onthemarket Coaching
OnTheMarket Offering Free Leadership Coaching to Agents

OnTheMarket has announced a partnership with business coaching firm Property Academy which will see some of the British portal's agent...

Read More
Mygate Homes And Housing Partnership
REA-Owned Housing.com Ties Up Listings Syndication Deal With MyGate Homes in India

Indian property portal Housing.com has announced a listings syndication deal with the newly launched FSBO marketplace MyGate Homes. The deal...

Read More
Daniel Bignold Ceo Of Propps
Ten Questions With Daniel Bignold, Founder & CEO of Propps

Like most markets right now, the Australian real estate market is super competitive. There are big bidding battles with all...

Read More

Popular News