More coworking? Spaces picks location for second Philly hub - Technical.ly Philly

Business

Feb. 11, 2019 11:20 am

More coworking? Spaces picks location for second Philly hub

Per CBRE data, once the hub is up and running by the end of 2019 there will be 900,000 square feet of coworking space in Philadelphia.

1626 Locust St. will house Spaces' second location.

(Courtesy photo)

European coworking brand Spaces is doubling down on Philly with an upcoming hub, spanning 48,000 square feet of space, near Rittenhouse Square.

The space at 1626 Locust St., set to open at the end of 2019, marks the second Spaces hub in Philly, after its inaugural 38,000-square-foot location went live last October inside Center City’s Hale Building.

“Our community of achievers are looking for a unique and inspiring workplace that fosters work-life integration,” said Michael Berretta, VP of network development for Belgium conglomerate IWG, which owns Spaces and flex office brand Regus. “Our expansion in Philadelphia is yet another example of the rising demand from businesses of all sizes for flexible workspaces.”

Spaces spent over a year remodeling its flagship location with assistance from the Philadelphia Historical Commission. The building, erected in 1887, was designed by Willis Hale, who also created North Philly icon Divine Lorraine. The lease was arranged by real estate firm CBRE.

Membership at Spaces starts at $350 a month for a hot-desk area, with private offices starting at $600. Perks include an on-site barista, regular networking events and access to meeting rooms across the entire Spaces and Regus network.

(Our reporting found that access to flexible and comparatively affordable office space are helping to make the case for starting a biz in Philly.)

Data from CBRE Research points to a big jump in coworking space availability in the city since 2017: More than 550,000 square feet of new coworking and incubator were added in the Center City corridor alone, by the company’s count. With the new Spaces location, Philly’s coworking footprint will top 900,000 square feet, spread between 22 different providers, including global chains such as WeWork.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Art at work: How 10 Philly offices and workspaces are embracing their creative sides

WeWork is opening its fifth Philly location at 1100 Ludlow

#PTW19 perk: Coworking space 1776 will be accessible to Introduced conference ticket holders

SPONSORED

Philly

This apprenticeship program is opening the door for candidates with nontraditional backgrounds

Philadelphia, PA

Linode

Software Development Engineer in Test

Apply Now
Philadelphia, PA

Linode

Senior Software Engineer – Kubernetes

Apply Now

Coliving brand Quarters picks NoLibs spot for first Philly location

Have a look inside Kismet’s largest coworking spot to date

1776 launches new Brewerytown hub, plans shutdown of UCity campus

SPONSORED

Philly

How AI can help humans, not replace them

Chesterbrook, PA

Deacom

Software Developer

Apply Now
Philadelphia, PA - Center City

Odessa

Business Analyst – Bilingual (Spanish)

Apply Now
Philadelphia

Macquarie

Senior Cloud Infrastructure Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!