Jamie Hodari is the CEO of Industrious, the US' largest premium workplace provider. It has raised $222 million in funding to date and has coworking spaces in over 100 locations in 50 cities.
At a glance, Industrious may seem similar to a certain other workplace provider you may have heard of, but the company operates on a different model than WeWork, utilizing management deals in partnerships with landlords rather than signing long-term leases, a strategy Hodari said is a "stable" approach for an office provider. It's working, considering the company's last round of funding was for $80 million in 2019.
"Partnerships with landlords is a big deal," he said. "If we're going to manage 15% to 20% of a $400 million asset, and if a landlord is going to partner with us to manage and run and control the co-working space of their building, rather than signing a lease with WeWork, they're making a big bet. So there has to be a lot of trust."
He practices what he preaches. During the pandemic, he said he's often gone into Industrious' location in Prospect Heights, Brooklyn, either working alone in a room or with his cofounder. Otherwise, he said, he's going around town in a mask. The Industrious office complexes lots of private offices, so "sitting alone in a private office isn't much different than being home," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How bosses can better motivate employees who are working from home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Inc Working from home is a benefit for some and a drawback for others. Either way, before you accept any job offer, make sure you examine the total compensation package instead of just the salary!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Use this daily schedule to stay productive while working from home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. TheMuse Working from home is great for some and bad for others. Before accepting any job offer, make sure you are looking at the total compensation package!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of the week ended July 21 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Glenn Youngkin, co-CEO of The Carlyle Group, is stepping down - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
COVID-19 made Hippo's $150M round difficult, CEO Assaf Wand says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good luck with that. I absolutely HATE these ridiculous animal names for insurance companies. They will be eaten alive by the behemoths in this space. Or sell out to them at a nice profit. ;-) They will need a lot of 'luck' IMO to get the latter.
Source: BusinessInsider - 🏆 729. / 51 Read more »