IWG Opens New Spaces in Santa Fe, as Demand for Hybrid Working Rises

IWG, the world’s largest provider of hybrid working solutions with brands including Spaces and Regus, is opening a state-of-the-art flexible workspace in Santa Fe as the demand for hybrid working rapidly accelerates. This opening is being delivered in partnership with CTO Realty Group, who chose the IWG flexible workspace platform and has entered into a management agreement with the Spaces brand.

According to a recent 2023 IWG U.S. survey, 67% of respondents would be willing to give up some amount of salary to keep their hybrid work arrangement, and on average, employees are willing to give up $13K to work in a hybrid setting. Additionally, hybrid working offers companies a significantly lower cost base with an average saving of $11,000 per employee. The cost-saving benefits paired with the unprecedented demand from companies and workers looking for hybrid working solutions have propelled IWG to add around 1,000 new locations over the next 12 months.

Known as “The City Different,” Santa Fe’s distinct Pueblo style architecture and the New Mexico capital’s growing population are ideal for those looking for a quaint city to live in. The city, which was founded as a Spanish colony in 1610, is built around a central, traditional Plaza, where IWG’s new Spaces center is located. Demand for workspaces in the area has performed strongly, with the number of enquiries for space in IWG locations continuing to sharply increase.

The building owners decided to invest in the IWG platform to maximize the return on their real estate space by capitalizing on the rapidly expanding demand for hybrid working. With an annual investment of around $60M into its technology platform, IWG provides partners with access to all the company’s expertise as well as design and fit-out support and sales and marketing capabilities.

The new Spaces location will include facilities including private offices, meeting rooms, co-working and creative spaces.

Situated at 150 Washington Ave., the coworking space is just minutes walk from restaurants, museums, and parks. This new location is part of a drive by IWG to meet the sharply rising demand for top class flexible working space in the area.

Located on the second and fourth floors of the building, the center will provide space for established firms and start-ups across a range of industries, conveniently located just steps away from City Hall, while IWG’s Design Your Own Office service allows companies to tailor their space entirely to their requirements.

IWG is the world’s leading provider of flexible workspace – with 3,500 locations in more than 120 countries with members able to access all of the locations and business services via the IWG app.

As the ongoing shift towards hybrid working accelerates, conventional office occupancy will continue to fall as businesses require less traditional space and turn to flexible workspace instead. In 2022, IWG welcomed hundreds of new partner locations and is on track to add around 1,000 over the course of the next year. IWG already counts 83 per cent of Fortune 500 companies among its customer base.

Mark Dixon, CEO & Founder of IWG, commented: “We are establishing a stronger and much-needed footprint in Santa Fe with this latest opening. As an important business hub, Santa Fe is a fantastic place for us to boost our expansion plans. The need for high-quality flexible workspaces continues to soar as hybrid working becomes the new normal. We are very pleased to work in partnership with CTO Realty Group to develop the Spaces brand under a management agreement that will add a cutting-edge workspace to their building.

“Our opening in Santa Fe comes at a time when more and more companies are discovering that flexible working boosts employee happiness and satisfaction, while helping the environment. Our workplace model is also proven to increase productivity and allows for a business to scale up or down at significantly reduced costs.”

IWG’s multi-brand expansion strategy is designed to appeal to every type of business and entrepreneur. IWG creates personal, financial, and strategic value for businesses of every size, from some of the most exciting companies and well-known organizations on the planet, to individuals and the next generation of industry leaders. All of them harness the power of flexible working to increase their productivity, efficiency, agility, and market proximity.

IWG is the global leader in hybrid work solutions and workspace brands. We create personal, financial, and strategic value for businesses of every size. From some of the most exciting companies and well-known organizations on the planet, to individuals and the next generation of industry leaders. All of them harness the power of IWG’s hybrid working platform to increase their productivity, efficiency, agility, and market proximity.

IWG’s unrivaled network coverage includes approximately 3,500 locations across more than 120 countries and 83% of Fortune 500 companies are amongst our growing customer base.

Through our brands, including Regus, Spaces, HQ and Signature, we help millions of people and their businesses to work more productively. We do so by providing the world’s leading hybrid work platform with professional, inspiring and collaborative workspaces and digital services all available via the IWG app. For more information?