Industrious
 | |
| Company type | Division |
|---|---|
| Industry | Coworking and workplace experience |
| Founded | 2012 |
| Founder | Jamie Hodari and Justin Stewart |
| Headquarters | New York City[1] |
Area served | U.S., Europe, and Asia |
| Services | Coworking spaces |
| Owner | CBRE Group |
| Website | www |
Industrious is a workplace experience company headquartered in New York City, that provides coworking and creates flexible office spaces for companies and individuals. It was founded in 2012 and operates in more than 200 locations and 65 cities in the U.S., Europe, and Asia.[2]
History
[edit]Industrious was founded in 2012 by Jamie Hodari and Justin Stewart, childhood friends from Michigan who sought to improve the quality of shared office spaces.[1] The company raised $1 million from 80 investors to open its first location in Chicago in 2013.[3] It expanded into New York City in 2015 with a Brooklyn site and later relocated its headquarters to Manhattan.[4]
In March 2017, the company raised $25 million.[5][6] In August 2019, the company raised $80 million in Series D funding from Brookfield Property Partners, Canada Pension Plan, TF Cornerstone, Granite Properties, and Equinox Group.[7]
In February 2021, CBRE Group invested $200 million in Industrious and contributed its 10 Hana coworking locations in exchange for a 35% stake in the company.[8] In May 2022, CBRE invested an additional $100 million.[9]
On January 14, 2025, CBRE announced an agreement to acquire the remaining 60% of Industrious it did not already own, valuing the company at about $800 million.[10][11][12]
Partnerships
[edit]Industrious partners with Equinox Group to provide locations near gyms and offer gym memberships as perks to members.[13]
It has a partnership with Wythe Hotel to use hotel rooms as office spaces.[14]
In September 2020, the company announced a partnership with Cushman & Wakefield to provide amenities in properties managed by Cushman & Wakefield.[15]
In September 2022, the company announced a partnership with AvalonBay Communities to open locations in apartment complexes.[16]
Acquisitions
[edit]In March 2017, Industrious acquired PivotDesk, a digital flexible workplace platform.[5]
In May 2019, it acquired TechSpace, an office space provider for tech-related companies.[17]
Notable locations
[edit]- One Arts Plaza in Dallas[18]
- Scottsdale Fashion Square[19]
- The Mall at Short Hills[19]
- Broadway Plaza in Walnut Creek[19]
- Carnegie Hall Tower[20]
- Willis Tower[21]
References
[edit]- ^ a b Juetten, Mary (December 15, 2020). "The Continued Rise Of Offices In A Virtual World: Industrious". Forbes.
- ^ "New Partnership With Industrious Gives Nuveen Tenants 150 Office Building Options". Bisnow. Retrieved August 17, 2024.
- ^ Janega, James (September 30, 2014). "Industrious takes Chicago's coworking lessons on the road". Chicago Tribune.
- ^ Dale, Brady (April 15, 2015). "Industrious is opening a 20,000-square-foot coworking space in Prospect Heights". Technical.ly. Retrieved May 22, 2024.
- ^ a b Magistretti, Bérénice (March 28, 2017). "Industrious acquires PivotDesk and raises $25 million". VentureBeat.
- ^ Constine, Josh (March 28, 2017). "Industrious buys PivotDesk, raises $25M to be WeWork without startup bros". TechCrunch.
- ^ Lash, Herbert (August 22, 2019). "Coworking firm Industrious raises $80 million, sees profit in 2020". Reuters.
- ^ Tan, Gillian (February 22, 2021). "CBRE Acquires 35% Stake in Flexible Workspace Firm Industrious". Bloomberg News.
- ^ Walter-Warner, Holden (May 20, 2022). "CBRE doubles down on flex-office provider Industrious". The Real Deal.
- ^ Wooten, Nick (January 14, 2025). "CBRE acquires coworking firm at $800M valuation". Dallas News. Archived from the original on January 15, 2025. Retrieved December 8, 2025.
- ^ Grant, Peter. "Giant Commercial-Property Firm Goes All In on Co-Working With New Deal". WSJ. Retrieved April 9, 2025.
- ^ "CBRE buys remainder of co-working company Industrious". TechCrunch. January 14, 2025. Retrieved December 8, 2025.
- ^ Putzier, Konrad (May 14, 2019). "Equinox Gyms to Add Co-Working to the Workout". The Wall Street Journal.
- ^ Sperance, Cameron (February 1, 2021). "Coworking Providers and Hotels Tighten Partnerships as Pandemic Still Weighs Heavy". Skift.
- ^ "Cushman & Wakefield Collaborates With Industrious to Launch New Integrated Property Management Service" (Press release). September 15, 2020.
- ^ Farr, Isabella (September 26, 2022). "Industrious adds apartment sites to coworking footprint". The Real Deal.
- ^ Stateman, Alison (May 2, 2019). "Industrious Buys TechSpace, Adding Seven New Locations to Portfolio". Commercial Observer.
- ^ Brown, Steve (January 16, 2020). "Downtown Dallas coworking firm Industrious is expanding its footprint". Dallas News.
- ^ a b c Reader, Ruth (April 18, 2019). "There's a new use for America's dying malls: co-working". Fast Company.
- ^ Matsuda, Akiko (February 5, 2021). "Flex-Office Provider Industrious Expands As Industry Contracts". The Real Deal.
- ^ "Industrious Inks Lease at Backstone's Willis Tower". The Real Deal. October 12, 2020.
