By Pier Paolo Mucelli, from eOffice, presented at the Social Workplace conference London, 2016. (WeWork Moorgate, June 10th)

1. Coworking – London Market 2016
Presented by Pier Paolo Mucelli @ Social Workplace

2. Coworking: Open Plan / Event Spaces / Services / Networking

3. Coworking in London: Evolution/History
eOffice Soho opens 6,000 sq.ft. in heart of
Soho in April 2002
The Hub opens at Angel in 2005
More independent operators open ‘08
Workspace Group launches Club Workspace in
2010
The Office Group launches ClubRooms in 2011
Canary Wharf launches Level 39 in 2013
SohoHouse opens SohoWorks in 2014
WeWork opens first London centre in Soho in
2015
Regus buys Spaces (NL) and opens in Oxford
Street in 2015
MarkTech Holdings (Camden Town) launches
Interchange 2015 (84k sq.ft.)
-

4. 1. Public Spaces / Hotels / Coffee
Places / Transport Hubs
British Library (and Biz & IP Centre)
University Incubators/Accelerators
- London City Incubator
- Imperial Incubator (22,000 sq.f.)
- Accelerator London in Shoreditch (London
Metropolitan)
Innovation Centres
- Digital Entreprise Greenwich (21,000 sq.f.)
- London BioScience Innovation Centre
Hoxton Hotel – (Holborn-Shoreditch)
Club Zetter by Zetter Hotel
TimberYard (3 locations)
Train Stations (The Office Group)
Airport Lounges (Regus)

10. 2: Member’s Clubs / Business Clubs
Soho House / Shoreditch House (’96-’10)
Mixed concept / Leisure/Business. Launches SohoWorks
The Hospital Club (2002)
Contemporary, media focused, Covent Garden
One Alfred Place (2010)
10,000 sq.f. in West End
The ClubHouse (2012)
10,000 sq.f. in Mayfair x 2
12 Hay Hill (2014)
Mayfair
Club Café’ Royal (2015)
Part of Hotel, Piccadilly
NeueHouse (2016-2017)
From New York, opening end of year in London
And many more… around 50 clubs in Central
London

19. 3: Tech Corporate / Accelerators
Mozilla Spaces (2012)
10,000 sq.f. in Covent Garden
Google Campus (2012)
25,000 sq.f. in East London
Telefonica – Wayra (2012)
10,000 sq.f in West End
Cisco – Idea London (2014)
In TechCity with UCL
Microsoft Venture (2014)
In collaboration with Central Working
Accelerate Places (Hammersmith) by VC Blenheim
Chalcot (2015)
Rocket Internet – Oxford Street
Founders Factory – Kensington – 200 startups
Coocon Network - China
70,000 sq.f. of flexible office space in 2017

28. 4: Property Companies/Landlords
Level 39 (Canary Wharf). 20,000 sq.f. of flexible
office space for Fin Tech market, in the heart of
Canary Wharf. Expanded to additional 2 floors, now
80,000 sq.ft.
Market Tech (Camden Town). Launched
Interchange and 2 other coworking spaces in Camden
Town, 84,000 sq.ft.
Workspace Group - Club Workspace (2012). 16
coworking spaces
Brockton Capital – Launching coworking spaces in
4/5 of their buildings in 2017 (30,000/50,000 sq.ft)

32. 5: Business Centres / Services offices
extension
Regus – Lounges (2010)
Street Level lounge concept in Berkeley Square (rolling
out in other cities too). Acquired SPACES (opened in
Oxford Street in 2015)
The Office Group - ClubRooms (2011)
Opening coworking space in several of their buildings
Pavillon (2011)
Boutique high quality serviced office (3 centres), with
coworking element
Servcorp (2014)
Entered London in 2012 and introduced lounge/coworking
element
WeWork (in London 2015)
Entered London in 2015 and opened 10 centres in 15
months

38. 6: Independent Coworking Operators
eOffice (2002) First coworking space in Europe (Soho) 4 spaces
The Hub (2005, 2008, 2011) Social focus 3 spaces
The Trampery (2009) in East London, media focus 4 spaces
TechHub (2011) Tech focus
(Hoxton Mix (2010) Tech, East London, 3 spaces
TechSpace (2012) - 4 spaces
Innovation Warehouse (2011) 10,000 sq.f. Clerkenwell
Central Working (2012) Lounge, F+D, MR, West End, E. London
Co-Work (2011) 6 spaces
Huckletree (2013) 2 spaces
HeadSpace (2013) 2 spaces
Rainmaking Loft (2013) 1 Space in C.London
Second Home (2014) 1 space in East London
Runway East (2015) 1 Space C London
Work-Life (2015) 2 spaces
The Collective (2014) 3 spaces
And many more (+150 coworking spaces now in London, +100
independent

54. Recent Funding in the Sector
[ IN THE UK ]
The Office Group: £43million (2010)
Second Home: £6 million (2014)
Huckletree: £2.4 million (2015)
The ClubHouse: £1 million (2015)
TechSpace: +£1 million (2016)
[ IN THE USA]
WeWork: USD 1.4 billion
Galvanize: USD 18 million (2014)
Serendipity Labs: USD 8.5m (2015)
NeueHouse: USD 25m (2015)

55. Some Trends
Landlords launching their own coworking concepts
or collaborating with operators
WeWork opening very large centres in a record
time in key world cities
Importance of the brand
Large operators: +10,000 sq.ft. spaces
More funding in the sector
Buyers market (more and more options for clients)
Dependence on startups / tech market – bubble?
East London now expensive, new areas like
South/North/West London emerging
New business models, online providers/surplus
space/residential coworking (Vrumi…)
Cowork / CoLiving