Commercial Property Executive – January 27, 2017

By | January 27, 2017

The upscale workspace provider is taking advantage of the rapidly growing coworking market.

Rye, N.Y.—Serendipity Labs Coworking just keeps growing and growing. The members-only, upscale workspace provider has recently secured exclusive development agreements with two new franchise partners, paving the way for the opening of 10 new workplaces in Nashville and Denver.

The coworking market is on fire, and it’s not just for startups and freelancers anymore. “There is a massive shift away from conventional leases under 5,000 square feet, and upscale coworking, like Serendipity Labs, that can meet enterprise standards, is winning this demand now,” John Arenas, CEO of Serendipity Labs Coworking, told Commercial Property Executive. “[Commercial real estate services firm] JLL refers to this phenomenon as the evolution of corporate coworking. It’s not about winning startups, it’s about an alternative for established companies with workplace needs for fewer than 30 people in a given city.”

Source: Barbra Murray, “Serendipity Labs Sets Up Shop in Nashville, Denver,” Commercial Property Executive