IWG Signs Two Agreements for New HQ and Regus Locations in Ohio

IWG is poised for significant growth in both suburban and urban markets across North America as a result of the growing demand for flexible workspace, accelerated by the COVID-19 pandemic.

The Toledo HQ is in the heart of downtown next to the Huntington Center, a popular concert and sporting event venue. The Dayton Regus will be in the middle of the city as well in a building that houses a post office, coffee shop, and pharmacy.

• 42% of the U.S. workforce is working remotely on a full-time basis
• The global flexible workspace industry is projected to nearly double in size, from $7.97 billion to $13.03 billion, by 2025
• By 2030, 30% of all commercial office space will represent flexible workspaces, whereas today, it is less than 4%

The flexible workspace industry is growing exceptionally fast, said Wayne Berger, CEO of IWG Americas. The pandemic forced most people to work from home for two years, creating a monumental shift in how employees want to work moving forward, and how companies are supporting their employees and their bottom line.

IWG offers four flexible workspace concepts under its umbrella to match every kind of business, work style and price point:

• Professional workplace brand Regus
• Creative workplace brand Spaces
• Hassle-free workplace brand HQ
• Luxurious workspace brand Signature

As opposed to a traditional capital lease, landlords can sign a partnership agreement with IWG and invest the capital in converting the space into dynamic and productive flexible workspace, earning operating income from day one, a higher return on net assets and increased flexibility, said Berger.

The new signings in Ohio are the latest addition to the IWG footprint, expanding rapidly as it capitalizes on the fast-growing demand for flexible workspaces. The team plans to open several more locations in the region.

The world is seeing a complete renaissance of the workplace, said Berger. 90% of employees want to work in a flexible way, 88% of companies have instated flexible arrangements and 50% of employees say they will leave their job if they can’t work flexibly.

IWG aims to add 1,000 new locations in North America a year as it continues to attract a variety of landlords, business investors, property management companies, banks and asset managers.