BISNOW: IWG Is Taking Over Flexible Workspaces Near You, And It's Looking For More

International Workplace Group (IWG), the world's largest provider of flexible workspace solutions with more than 3,000 locations in 120 countries worldwide, is stepping in to help employees, employers and landlords adapt to the shifting hybrid workspace landscape of the post-COVID world. In an article with BISNOW, IWG Chief Investment Officer Thomas Sinclair said IWG is emerging as a leader in the hybrid working space because of its uniquely attractive investment opportunity for landlords looking to meet the demand for smaller, more flexible workspaces.

“IWG is actively speaking to all types of landlords who are looking to diversify their portfolio, whether they are a REIT, investor or property company,” Sinclair said. “Where other flexible workspace brands might struggle to act fast, we can turn vacant space into profit and execute deals in a short space of time. Right now, we see a huge number of opportunities in front of us.”

Colliers International Tri-State Region President Michael Cohen, for example, told BISNOW that partnering with IWG was a straightforward opportunity to offer the flexibility that today’s tenants are looking for.

“IWG’s strategy matched ours — to continue to offer flexible space to our tenants on a competitive basis,” Cohen said. “We know this is what businesses today are looking for. The deal we signed will allow us to generate high returns on our property while aligning our portfolio with the current trends in the market.”

IWG CEO Mark Dixon told BISNOW that the firm has become a global leader by creating deal structures that work for both IWG and landlords. “Landlords are looking for ways to safeguard revenue after a substantial period of uncertainty,” he said. “They need to monetize their vacant space and diversify their portfolios to ensure they can adapt to their tenants' future needs, as well as to what enterprises are asking for today.

IWG is the best partner for landlords, as we already have the experience and an expanding network of spaces that show we know how to create the spaces today's office occupiers are seeking.”

IWG is currently aggressively targeting North America for expansion, looking to add 1,000 locations each year to its more than 1,200 locations in the U.S. and Canada and eventually surpass 10,000 locations.