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.