International Workplace Group To Add Co-Working Site In Old Saybrook

Information from International Workplace Group:

OLD SAYBROOK, CT — International Workplace Group, the world’s largest provider of hybrid working solutions with brands including Spaces, Regus, and HQ, is adding five state-of-the-art flexible workspaces in Connecticut, bringing the company’s statewide footprint to a total of 28 locations.

As the adoption of hybrid working continues to rapidly accelerate across the U.S., International Workplace Group is bringing high-quality office spaces to the across the state of Connecticut, especially to serve the continuing population of people who no longer have to travel New York City, five days a week. The latest locations in Connecticut come on the heels of International Workplace Group’s 2024 interim results which were the highest on record in its 35-year history.

International Workplace Group’s newest flexible workspaces are located across the state, from Stamford to Hartford, empowering those who have lengthy commutes to work closer to home. The centers will serve every type of hybrid worker with clients spanning established firms and start-ups across the state’s top industries, including advanced manufacturing, bioscience, aerospace and defense, and more. The company's Design Your Own Office service allows companies, regardless of industry, to tailor their space to their unique requirements.

All five new centers will include facilities including private offices, meeting rooms, co-working and creative spaces in the following markets across Connecticut:

— Table from International Workplace Group

The building owners of these locations decided to invest in the International Workplace Group platform to maximize the return on their real estate space by capitalizing on the rapidly expanding demand for hybrid working. International Workplace Group invests more than $50M into its technology platform each year, and provides partners with access to all the company’s expertise,design, fit-out support and sales and marketing capabilities.

With explosive market growth as companies of all sizes adopt hybrid working for the long-term, it is predicted that 30% of all commercial real estate will be flexible workspace by 2030. With International Workplace Group, partners are able to capitalize on this fast-growing sector, while being supported by International Workplace Group’s unparalleled experience. Hybrid working offers companies a significantly lower cost base with an average saving of $11,000 per employee.

International Workplace Group is the world’s leading provider of flexible workspace – featuring more than 4,000 locations in more than 120 countries and members are able to access all of the locations and business services via the International Workplace Group app.

As the ongoing shift toward hybrid working accelerates, the potential for further growth is exponential with an estimated 1.2 billion white collar workers globally and a total addressable market of more than $2 trillion. Conventional office occupancy is expected to continue to fall as businesses require less traditional space and turn to flexible workspace instead. In 2023, International Workplace Group welcomed over 800 new partner locations and counts 83% of Fortune 500 companies among its customer base.

Mark Dixon, CEO and Founder of International Workplace Group, commented: “With these latest signings, we are establishing a stronger and much-needed footprint in Connecticut. Our latest locations reduce time-consuming and costly commutes for employees who previously may have had to travel long distances daily into New York City, enabling them o work where they live and want to be. Further, as an important business hub, Connecticut 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. Our newest openings in The Constitution State come 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.”

International Workplace Group’s multi-brand expansion strategy is designed to appeal to every type of business and entrepreneur. International Workplace Group 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.

For more information, visit: International Workplace Group.

About International Workplace Group PLC

International Workplace Group 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 International Workplace Group’s hybrid working platform to increase their productivity, efficiency, agility, and market proximity.

International Workplace Group’s unrivaled network coverage includes approximately 4,000 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 International Workplace Group’s app.

For more information

Visit www.iwgplc.com and for more information on partnering with International Workplace Group, see: https://www.iwgplc.com/develop-a-location