New Work concept goes franchise

According to JLL, the demand for flex space will grow by 300 percent due to Covid-19. Clients' needs have clearly changed and flexibility and additional services are the main criteria clients choose their space today. Landlords and investors need to adapt their concepts accordingly. New Work – one of the leading flex office operators in Central and Eastern Europe – is launching their franchise concept in response to those needs.

New Work is one of the leading independent flex office space providers in Central and Eastern Europe. Founded in 2012, the company manages offices in three countries: Poland (Warsaw, Cracow, and Łódź), Hungary (Budapest, Budaörs), and the Czech Republic (Prague). It operates as many as 16 sites in those locations, with a total area of 43,000 sqm. Since 2012 New Work grew out of the market three times with an average growth of 90 percent y/y.

“Last year has been challenging for the real estate market, especially for the offices. As a non-network serviced office operator we’re proud that this situation made us stronger and became a huge opportunity to create even better services and solutions that are highly appreciated by the market. We came to the point where we are ready to share this knowledge with partners who are looking for reliable business opportunities in the area of commercial real estate,” Hubert Abt, founder, and CEO of New Work said.

(WBJ)