IWG Signs Agreements for Two New Regus Locations in Idaho

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

The Regus space in Boise is located close to Boise State University and St. Luke’s hospital. It features beautiful windows, 14 private offices, a small kitchen, and conference rooms. The Regus location will have more than 15,000 square-feet devoted to flexible workspaces.

Market trends

Currently 42% of the U.S. workforce is working remotely on a full-time basis, and the global flexible workspace industry is projected to nearly double in size, from $7.97 billion to $13.03 billion, by 2025.

According to JLL, 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.

Business model

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

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.

The team plans to open several more locations in the region, expanding rapidly as it capitalizes on the fast-growing demand for flexible workspaces.

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