Due to increased demand for the hybrid work model in a post-pandemic environment, office rental company IWG announced that it plans to open more than 1,000 new locations globally in 2022, with a special focus on suburban areas.
The decision by the London-listed company comes as office landlords slowly recover from the COVID-19 pandemic, with businesses turning to a permanent hybrid model in which employees spend their time between home and office.
“The shift from fixed workspace to flex is now irreversible and the business will continue to accelerate its growth adding a thousand locations in the next year alone,” said Chief Executive Officer Mark Dixon at the international property conference MIPIM.
The firm that owns the Spaces and Regus brands has around 3,500 buildings in more than 120 countries and serves 83% of Fortune 500 companies. IWG, on the other hand, did not give a net increase of its centres for the year, which includes any closures.
Customers of IWG have access to the firm’s extensive network of locations, with a variety of plans to choose from, providing employees with much-needed geographic flexibility.
As office space providers benefit from the hybrid work trend, the Switzerland-based firm announced earlier this month that it would integrate its digital assets with flexible workspace platform The Instant Group.