“In recent weeks, we announced our intention to create the world’s largest marketplace for flexible spaces and attracting an industry leader with Craig’s depth of relationships and experience is critical to our plan,” explained Tim RodberCEO of The Instant Group.
He added, “With our unique data-driven view of the market and Craig’s insights, we are uniquely positioned to enable owners, hoteliers and operators to scale their operations to meet the growing demand for flexible space with more supply.
“Before the pandemic, customer needs were already changing. Today, the way life and work have changed has dramatically accelerated these trends. Occupants need an industry that can offer the full range of services, from the traditional desktop to flex to the tech-enabled world of virtual work,” explained Craig Hughes. “Instant is uniquely positioned to enable occupiers to source the space they need anywhere in the world, and for providers to provide that space. I have spent the past 20 years advising the landlord and investor market. It is an important moment of reflection and focus on meeting the needs of their customers. Instant holds the key to a successful customer relationship and quality service.”
Flexible workspaces – coworking, serviced offices and executive suites – still make up less than one percent of the world’s total office supply, but demand has been growing by double digits every year since 2008, data shows. of the platform www.instantoffices.com. Instant Group estimates suggest that flexible space will need to double that level of offering by 2025 to meet growing customer needs.
Instant Group’s newly enhanced marketplace serves over 250,000 businesses in 175 countries, operating 24/7 via an integrated platform in over 40 languages. It will unite more than 30,000 workspaces and offer a range of customer services, including membership plans, on-demand virtual offices, office reservations, managed offices and consulting services. The company plans an IPO by the end of 2023.
About Instant Group
The Instant Group has been reimagining the workplace since 1999 with over 500 experts working worldwide in over 175 countries. Instant’s digital platforms are the world’s largest digital marketplace for flexible workspaces listing meeting rooms, virtual offices, flexible office spaces and coworking subscriptions. Its global team advises on commercial real estate solutions, from serviced offices to fully customized managed offices, and advisory services for portfolio and net zero strategies. Instant’s approach enables agility, hybrid work solutions and improved operational resilience for more than 250,000 businesses each year. Clients include Amex, Prudential, Booking.com, Shell, Jaguar Land Rover and GSK. Instant has global offices including London, Paris, New York, hong kong, Singapore and sydney.
SOURCE The Instant Group