Ben Wright is Head of Flexible Office Solutions, SquareFoot. He is also the founder of Upsuite, a digital platform that helps people find and book flexible work space. Ben is a former economist and a data nerd. His passion for data surfaces insights that help coworking space operators get access to market dynamics that they can act on.
On this episode, we talk about:
- The findings of Upsuite’s Q2 North American coworking data
- The return of demand in major cities such as NY and LA
- How operators are still working on getting to a cash flow positive occupancy rate
- How shopping is still lagging signing in many markets
- The challenge of digging out of deep COVID discounts for WeWork
- The return of small team demand
- 4-8 seat requirements
- How the drop in supply is making demand feel higher in some markets
- Why he’s worried that the coworking sector isn’t ready for the return of demand.
