April 25, 2025 6:56 pm
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Coworking giant to create Airbnb of office space

By Konrad Putzier | Wall Street Journal

Entrepreneurs have long sought to create a big online listing site for office space similar to how Booking.com or Airbnb offer lodging options. Now the Covid-19 pandemic is breathing new life into these efforts.

Flexible-office operator IWG PLC. said last week that it is investing around $350 million into a venture with the Instant Group, which runs an online listing site for office space. The companies say the business will be the world’s largest online marketplace for flexible office space.

The move comes as demand for furnished office space under short-term leases is gradually recovering from its pandemic low.

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