As more companies push back return-to-office plans, coworking firms like WeWork and Industrious are reaping the benefits. The Wall Street Journal reports hundreds of businesses, particularly in the technology sector, are reserving space in these firms for periods as short as one month, buying employers time to figure out “what their employees want.” In July, WeWork earned $215 million in revenue — one of its strongest desk-sales months — while Industrious enjoyed the strongest sales week in its nine-year history.
- Smaller firms with few locations like New York-based WorkHouse are also seeing sales and inquiries rise. Since July, it has rented about 120 desks.
- WeWork is expanding its OnDemand product, which allows people to book office space an hour at a time, to international markets.
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