IWG Signs Agreement for New Regus Location in Dallas, Texas

IWG, the world’s largest flexible workspace organization with over 3,300 locations across 1200 cities worldwide, recently announced the signing to open a new flexible workspace in Dallas, Texas.

The Regus center offers nearly 10,000 square-feet of flexible workspace and top-tier amenities including a cafeteria, gym, and tennant lounge. It will be the northernmost Dallas location for IWG located at 14951 North Dallas Parkway. “We are happy to have a new strategic partnership in Dallas to bring more flexible workspaces to the area,” said Wayne Berger, CEO of IWG Americas. “The building is stunning and conveniently close to plenty of shopping and high-end restaurants to provide the best experience for tenants.”

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.

• 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.
• People want flexibility, and progressive companies understand the financial and operational advantages of moving a percentage of their real estate portfolio from a traditional lease model to flexible workspaces.

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 benefits

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.

• 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.
• 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 new signing in Dallas is 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.
• 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.

Looking ahead, 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.