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1 Market Overview

1.1 Definition and presentation

A business center is a place where companies can rent offices or rooms to host meetings and events. It is part of the category of so-called third locations-shared and collaborative workspaces characterized by a high level of flexibility. However, a business center differs from other third locations in its seniority and very comprehensive offerings. In fact, it is usually fully equipped, intended to be rented by companies for a variable period of time. In Italy, business centers first emerged in 2010, mainly in large cities located in the northern regions of the country. At first people looked at them with a sense of uncertainty, not realizing at all the enormous potential that such a new way of working would bring in the years to come. But then, year after year, business centers gained much acceptance in society, and their establishment spread throughout the country. So while at first these spaces were used only by freelancers and journalists, who could easily change the place where they worked, a growing number of start-ups, task forces and departments of large companies have moved to adopt this innovative solution. Thus, business centers are now an established alternative to the traditional office and working from home in Italy. Almost a year after the Covid-19 emergence, the spread of co-working spaces is resuming its upward trend, in part because of the greater level of flexibility that people currently seek. Today, more than 700 co-working spaces can be counted, serving a total number of 570,000 employees.

 

In Italy, the most important business centers are Regus, which has 58 buildings located in the city of Milan, WeWork and Talent Garden, which has spaces in the most important Italian cities.

List of charts presented in this market study

  • Turnover from the provision of integrated support services for office functions
  • Breakdown by legal form of the number of companies active in the temporary office and residence office management sector
  • Number of companies active in the field of temporary office and residence office management
  • Companies using smart working (standard or emergency)
  • Annual turnover of the company Regus Business Centres Italia S.r.l
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Latest news

WeWork leaves La Défense - 18/01/2024
  • The WeWork site at 30 Terrasse Bellini in Puteaux, the only one in La Défense, recently closed its doors.
  • Despite the closure at La Défense, the company says it intends to maintain a strong presence in Paris, where it has 14 possible sites.
Coworking: Regus moves into "up-On" in Montrouge - 25/10/2023
  • IWG opened more than 600 new sites worldwide in one year.
  • IWG opened 13 new sites in France between January and September 2023.
  • The "up-On" building, where IWG recently established a site, is located at two different addresses: one in Montrouge (Hauts-de-Seine), the other in Paris.
Offices: coworking expands regionally - 16/02/2023
  • Coworking, the offering of shared offices with services, first developed in Paris
  • By 2022, the coworking market was largely driven by regional development
  • WeWork , the number one coworking company in France with its Regus, Spaces, HQ and Signature spaces, operates just over 130 sites in 78 cities.
  • Coworking accounts for less than 5% of contracts signed in France in terms of office space take-up
IWG has declared France a teleworking and co-working paradise. - 18/08/2022
  • World leader in co-working spaces
  • More than 130 centers in France, the Group's second-largest market after the United States
  • 45% increase in visits to French centers in the first half of 2022
  • More than 3,300 sites in 175 countries
  • Sales of €2.7 billion in 2021
  • Telecommuting accounts for 29% of business
  • IWG relies on a franchise development strategy to "build the world's leading provider of digital workspaces".
  • The holding company employs over 12,000 people
  • Opened 70 new sites in the first half of the year, of which 76% are franchises

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

IWG Regus (International Workspace group)
WeWork
Talent Garden Italia s.r.l
WorkBar
Regus Business Centres Italia S.r.l (IWG)
WeWork Italy S.r.l
Wellio Italy S.r.l
Centro Medico Lombardo S.r.l
Campus Bio-Medico S.p.a

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