How WeWork Is Changing What Coworking Means

Coworking has existed in some form for decades, but improvements in remote working technology and a corresponding shift in work culture have caused an explosion over the last decade. Between 2011 and 2017, the number of coworking spaces worldwide has increased by an order of magnitude by one estimate – from 1,130 to 13,800.

WeWork, the undisputed whale in the industry, has set the tone for the way businesses in the sector do business for some time now. The company was valued at $1.5 billion in February 2014 – already a unicorn. From there, it began a meteoric rise, hitting $5 billion by December of the same year and $10 billion by midway through 2015. Just recently, WeWork passed the $20 billion mark, raising $760 million in its Series G round of funding.

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RSK: There will be a similar concept on one of the floors in the New Old National Bank Addition.



- - Volume: 5 - WEEK: 37 Date: 9/12/2017 10:30:20 AM -