Everything Coworking

218. Ben Wright Shares Data on What Happened in Coworking in Q2


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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, we talk about:

- 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.

Link to show notes here!

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Everything CoworkingBy Jamie Russo

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