218. Ben Wright Shares Data on What Happened in Coworking in Q2
Ben Wright is Head of Flexible Office Solutions, SquareFoot. He is also the founder of Upsuite, a digital platform that helps people find and book flexible work space.
Ben is a former economist and a data nerd. His passion for data surfaces insights that help coworking space operators get access to market dynamics that they can act on.
On this Episode, Ben and I Discuss:
The findings of Upsuite’s Q2 North American coworking data
The return of demand in major cities such as NY and LA
How operators are still working on getting to a cash flow positive occupancy rate
How shopping is still lagging signing in many markets
The challenge of digging out of deep COVID discounts for WeWork
The return of small team demand - 4-8 seat requirements
How the drop in supply is making demand feel higher in some markets
Why he’s worried that the coworking sector isn’t ready for the return of demand.
Resources Mentioned in this Podcast:
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective
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