 | |
| Company type | Privately held company |
|---|---|
| Industry | Coworking |
| Founded | 2012 |
| Founder | Jamie Hodari and Justin Stewart |
| Headquarters | New York City [1] |
Area served | U.S., Europe, and Asia |
| Services | Coworking spaces |
| Owner | Jamie Hodari Justin Stewart CBRE Group (35%+) |
| Website | www |
Industrious, headquartered in New York City, provides coworking spaces to companies and individuals. It was founded in 2012 and operates in more than 200 locations and 65 cities in the U.S., Europe, and Asia. [2]
Industrious was founded in 2012 by Jamie Hodari and Justin Stewart, two best friends who grew up next door to each other in Michigan, who complained of the low quality of shared office spaces. [1]
The founders raised $1 million from 80 investors to open the first location in Chicago in 2013. [3] Industrious expanded into New York City in 2015 with a Brooklyn location, later moving its headquarters to Manhattan. [4]
In March 2017, the company raised $25 million. [5] [6] In August 2019, the company raised $80 million in Series D funding from Brookfield Property Partners, Canada Pension Plan, TF Cornerstone, Granite Properties, and Equinox Group. [7] In February 2021, CBRE Group invested $200 million and contributed its 10 coworking locations under the brand Hana to Industrious in exchange for a 35% stake in Industrious. [8] In May 2022, CBRE invested an additional $100 million in Industrious. [9]
Industrious partners with Equinox Group to provide locations near gyms and offer gym memberships as perks to members. [10]
It has a partnership with Wythe Hotel to use hotel rooms as office spaces. [11]
In September 2020, the company announced a partnership with Cushman & Wakefield to provide amenities in properties managed by Cushman & Wakefield. [12]
In September 2022, the company announced a partnership with AvalonBay Communities to open locations in apartment complexes. [13]
In March 2017, Industrious acquired PivotDesk, a digital flexible workplace platform. [5]
In May 2019, it acquired TechSpace, an office space provider for tech-related companies. [14]
Cushman & Wakefield Inc. is an American global commercial real estate services firm. The company's corporate headquarters is located in Chicago, Illinois.
CBRE Group, Inc. is an American commercial real estate services and investment firm. It is the world's largest commercial real estate services and investment firm.
Coworking is an arrangement in which workers for different companies share an office space. It allows cost savings and convenience through the use of common infrastructures, such as equipment, utilities and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. It is attractive to independent contractors, independent scientists, remote workers, digital nomads, and people who travel frequently. Additionally, coworking helps workers avoid the feeling of social isolation they may experience while remote working or traveling and eliminate distractions in home office. Most coworking spaces charge membership dues. Major companies that provide coworking space and serviced offices include WeWork, IWG plc, Industrious, and Impact Hub.
DTZ was a London-based commercial property company. Tracing its origins back to 1853, it merged with Cushman & Wakefield in 2015 and its brand was retired.
Newmark Group Inc. is a commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".
WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2022, the company operated 43.9 million square feet (4,080,000 m2) of space, including 18.3 million square feet (1,700,000 m2) in the United States and Canada, in 779 locations in 39 countries, and had 547,000 members, with a weighted average commitment term of 19 months.
SquareFoot Inc. is a PropTech company that provides brokerage services, an online database of commercial real estate listings, and a technology-enabled office search process. The headquarters are located in New York City. Jonathan Wasserstrum is the incumbent chief executive officer of the company.
Expansive, formerly Novel Coworking, is an American co-working and office rental company. Its main clientele are small businesses, such as entrepreneurs and satellite office teams, needing flexible office space.
Premier Office Centers LLC dba Premier Workspaces is a privately held executive suite and office rental company. The company, which was founded in 2002, is doing business Premier Workspaces, one of the largest providers of private offices, meeting rooms rentals, virtual office rental and coworking spaces in the United States. Premier Office Centers is headquartered in Irvine, California and operates with locations in Arizona, Colorado, Washington D.C., Florida, Hawaii, Illinois, Nevada, Ohio, and Texas.
Prodigy Network is an online real-estate crowdfunding platform that crowdfunds real-estate investments supported by capital from individual and institutional investors. Its platform provides tools for investors to browse investments, perform due diligence and invest online. It is marketed to international investors and to accredited investors in the United States, and has raised $600 million from investors in 37 countries.
Bar Works was a New York City company that provided shared office space in a former bar and restaurant premises. For $25,000, investors could buy desks at Bar Works locations and then lease them back to the company. It has been noted that elements of the investment program are akin to a Ponzi scheme.
UVR Media, LLC is an American media company that operates UploadVR, a virtual reality-focused trade publication website.
JustCo is a Singaporean company that provides coworking workspaces for individuals and companies. Headquartered in Singapore, JustCo was founded in 2011 by Kong Wan Sing, its current CEO, alongside co-founders Liu Lu and Kong Wan Long, as a response to increasing demand for flexible workspaces. Initially focused on Singapore, the company expanded to provide office space in cities across eight countries in the Asia-Pacific region: Singapore, Japan, Indonesia, Thailand, Australia, China, South Korea and Taiwan.
HB Reavis is a real estate developer company active mainly in Slovakia, Poland, United Kingdom, Czech Republic, Hungary and Germany. The company is active both in development of new projects and asset management of existing portfolio.
Coworker is an online marketplace and access solution for discovering and booking coworking spaces and flexible offices around the world. It was founded in 2015 by Leanne Beesley and current president Sam Marks. The company has offices in the United States, Canada, Spain, and Thailand, with its registration in the United States. By 2021, the company recorded 18,500 coworking spaces in 172 countries in its network.
The Office Pass (TOP) is a neighborhood co-working tech platform and operator, headquartered in Gurgaon, India, that connects companies and professionals with office space located near them.
Fifth Wall is a venture capital firm founded in 2016 by Brendan F. Wallace and Brad Greiwe. It manages the largest fund specialized in real estate technology The firm's name refers to a fifth wall of technology it provides in addition to the four physical walls of a building. It is part of an emerging category of "PropTech" investors. Major financial backers include large real estate industry companies that agree to be matched with the products and services of the firm's portfolio of start-up companies. The firm has separate funds for investments in emerging retail brands and climate technology to help real-estate companies reduce carbon emissions from their buildings.
Ucommune International Ltd., formerly known as UrWork, is a Beijing-based co-working space provider founded in 2015 by Mao Daqing. It is now the second-largest co-working space provider after WeWork, with properties in three dozen cities around the world, including Shanghai, Singapore, Hong Kong and New York City. The company was valued at 1.8 billion US dollars in August 2018, making it the first domestic unicorn in the Chinese co-working space, but by November 2018, Ucommune had completed its D round of financing, securing a valuation of 2.4 billion US dollars. In February 2019, it was reported that the company was seeking to list on the NASDAQ at a valuation of $3 billion.
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RMZ Corp is a privately-owned global alternative asset owner, headquartered in Bengaluru, Karnataka ,India. The company has developed projects in multiple cities in India, including Bengaluru, Chennai, Hyderabad, Delhi NCR, Pune, and Mumbai The company has a portfolio of real assets spanning a total of 70 million square feet.