Industrious, headquartered in New York City, provides

coworking Coworking is an arrangement in which workers for different companies share an office space. It allows cost savings and convenience through the use of common infrastructures, such as equipment, utilities and receptionist and custodial services, a ...

spaces to companies and individuals. It was founded in 2012 and operates in more than 150 locations and 65 cities in the U.S., Europe, and Asia.

History

Industrious was founded in 2012 by Jamie Hodari and Justin Stewart, two best friends who grew up next door to each other in Michigan, who complained of the low quality of shared office spaces.

Financing

The founders raised US$1 million from 80 investors to open the first location in Chicago in 2013. In March 2017, the company raised $25 million. In August 2019, the company raised US$80 million in Series D funding from

Brookfield Property Partners Brookfield Property Partners L.P. is a global commercial real estate firm that is a publicly traded limited partnership and a subsidiary of Brookfield Asset Management, an alternative asset management company. Its portfolio includes properties ...

Canada Pension Plan The Canada Pension Plan (CPP; french: Régime de pensions du Canada) is a contributory, earnings-related social insurance program. It forms one of the two major components of Canada's public retirement income system, the other component being Old ...

, TF Cornerstone, Granite Properties, and

Equinox Group Equinox Group is an American luxury fitness company which operates several lifestyle brands: Equinox, Equinox Hotels, Precision Run, Project by Equinox, Equinox Explore, Equinox Media, Furthermore, PURE Yoga, Blink Fitness, and SoulCycle. Withi ...

. In February 2021, CBRE Group invested US$200 million and contributed its 10 coworking locations under the brand Hana to Industrious in exchange for a 35% stake in Industrious. In May 2022, CBRE invested an additional $100 million in Industrious.

Partnerships

Industrious partners with

to provide locations near gyms and offer gym memberships as perks to members. It has a partnership with Wythe Hotel to use hotel rooms as office spaces. In September 2020, the company announced a partnership with Cushman & Wakefield to provide amenities in properties managed by Cushman & Wakefield. In September 2022, the company announced a partnership with

AvalonBay Communities AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments. As of January 31, 2021, the company owned 79,856 apartment units in New England, the New York City metropolitan area, the Washington, D.C ...

to open locations in apartment complexes.

Acquisitions

In March 2017, Industrious acquired PivotDesk, digital flexible workplace platform. In May 2019, it acquired TechSpace, an office space provider for tech-related companies.

Notable locations

One Arts Plaza One Arts Plaza is a 24-story skyscraper located at 1722 Routh Street in the Arts District of downtown Dallas, Texas (USA). The mixed-use building stands at a structural height of and contains of class A office space, of retail space, and 60 ...

Dallas Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...

* Scottsdale Fashion Square *

The Mall at Short Hills The Mall at Short Hills, also known as the Short Hills Mall, is a shopping mall located in the Short Hills section of Millburn, New Jersey, United States. It is located west of Newark Airport and west of Manhattan, and is situated near both Mo ...

* Broadway Plaza in Walnut Creek *

Carnegie Hall Tower Carnegie Hall Tower is a skyscraper at 152 West 57th Street in the Midtown Manhattan neighborhood of New York City. Completed in 1990 and designed by César Pelli, the building measures tall with 60 stories. Due to the presence of Carneg ...

Willis Tower The Willis Tower (originally the Sears Tower) is a 108-story, skyscraper in the Loop community area of Chicago in Illinois, United States. Designed by architect Bruce Graham and engineer Fazlur Rahman Khan of Skidmore, Owings & Merrill (SOM), ...

References

External links

* {{Official website, https://www.industriousoffice.com/ Companies established in 2012 Coworking space providers