IWG Announces 3 New Massachusetts Locations as Demand for Hybrid Working Continues To Grow

 IWG, plc (LSE: IWG), the world’s largest provider of flexible workspaces, announces three new flexible workspaces in Massachusetts as the demand for hybrid working continues to grow, with companies of all sizes permanently embracing the model. 
 
Growing demand for flexibility and access to professional spaces is underscored by record demand for hybrid working with IWG adding two million customers in the last year, as more and more businesses empower workers to work close to home in the heart of local communities. In fact, IWG saw a 22% increase in visits at Massachusetts centers from January 2022 to October 2022. The new locations include three suburban market Regus centers located just outside Boston in Northborough, Peabody and Milton, Massachusetts.

IWG will add three Regus centers in the following locations:
44 Bearfoot Road, Northborough, MA
9 Centennial Drive, Peabody, MA
2 Granite Avenue, Milton, MA

“We are delighted to be working with new partners to bring the numerous benefits of hybrid working to businesses, local communities and employees in the area. Over the past two and a half years, demand for hybrid working solutions has rapidly increased as workers enjoy a significantly improved work/life balance with less time spent commuting and employers benefitting from substantial cost savings and the ability to recruit from a wider pool of talent,” said Mark Dixon, IWG Founder and CEO.  

“With 82% of CFOs noting in a recent study that the hybrid model offers a significantly lower cost base, leading to an ever-increasing number of businesses committing to the hybrid model for the long-term. As a result, we will see the Great Lease Resignation of traditional office space continue and the growing appeal of shared office and co-working spaces as a much more attractive alternative,” said Dixon.  

A reflection of the growing demand for flexible workspaces in suburban communities, IWG’s new Massachusetts locations, which span north, west and south of downtown Boston, will serve the growing number of people who have relocated to suburban areas for a better work-life balance.

Among IWG’s global customer base are 83% of Fortune 500 companies, who benefit from access to IWG’s unparalleled network of workspaces, including 1,100 locations in the U.S. and 3,500 locations in over 120 countries around the world.  

As the demand for hybrid working solutions accelerates, IWG is opening the vast majority of its new locations in partnership with commercial real estate owners, developers and franchisee investors. Partnering with IWG enables landlords to add value to their properties and benefit from IWG’s innovative tech platform and proven sales and marketing model. Strategic partnerships are varied and flexible - anything from simple fit-outs to revenue and profit-sharing arrangements. The IWG team can tailor solutions in whatever format and style to meet the specific needs of buildings and customers, including private offices, co-working areas, collaboration spaces,  business lounges and meeting rooms. 

To learn more about IWG, please see here.  Workers can tap into these centers using the IWG app, where users can reserve a desk while taking advantage of a range of professional products and services. 

About IWG PLC    

IWG is leading the workspace revolution. Our companies help millions of people and their businesses to work more productively. We do so by providing a choice of professional, inspiring and collaborative workspaces, communities and services.   
 
Digitalization and new technologies are transforming the world of work. People want the personal productivity benefits of living and working how and where they want. Businesses want the financial and strategic benefits. Our customers are start-ups, small and medium-sized enterprises, and large multinationals. With unique business goals, people and aspirations. They want workspaces and communities to match their needs. They want choice.   
 
Through our companies we provide that choice, and serve the whole world of work: Regus, Spaces, No18, Basepoint, Open Office and Signature. 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 flexible working to increase their productivity, efficiency, agility, and market proximity. Join us at www.iwgplc.com.