IWG Signs Agreement for Two New Regus Locations in Minnesota

The first nearly 18,000 square-foot Regus space will be located in Bloomington at 4470 78th St. Circle, close to the freeway. Another Regus center will open in Brooklyn Center at 6160 North Summit Drive. This location has beautiful windows with plenty of natural light.

• 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%

IWG offers four flexible workspace concepts under its umbrella to match every kind of business, work style and price point, including professional workplace brand Regus, creative workplace brand Spaces, hassle-free workplace brand HQ, and luxurious workspace brand Signature.

IWG has fine-tuned its business model to optimize revenue and provide landlords, business investors, and property management companies with an attractive opportunity. 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.

For business investors, IWG represents a unique opportunity to enter the booming flexible workspace industry, which offers wide open territory availability, low start-up costs, simplified operations, and more.

The team plans to open several more locations in the region. The world is seeing a complete renaissance of the workplace. 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.