The Co-working space market is the fastest growing segment of the property market. It is currently dominated by two key players, Regus ($4.8bn market cap – UK listed PLC) and Wework ($10bn market cap – venture capital backed). There are also a large number of niche operators with very few having multiple locations and few possessing a recognizable brand.

Also Wework is the closest competitor to Bar Works. However Wework caters more to the companies with more than 4 employees and Bar Works to startups and freelancers with between 1 and 3 employees.

There is a huge untapped demand for affordable work space in major cities with rents, start up costs and ongoing costs making renting office space for early stage companies prohibitively expensive.

View some of the advertising and marketing that Bar Works is undertaking in order to continue to attract members

Advertisements