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WeWork launches flex space management solution

WeWork Workplace built in partnership with Yardi to enable office space management

WeWork announced Tuesday the official debut of its new flexible space management solution WeWork Workplace, according to a press release.

The solution was built in partnership with leading property management firm Yardi and provides companies with a universal platform for managing office space inventory, with WeWork claiming it enhances employee experiences and space optimization through insights and analytics.

WeWork says this is the only product in the market to combine all space type (privately leased/owned, WeWork and shared/affiliate) within a single experience, and noted that companies that need overflow space will also have the option to enable access to global WeWork and WeWork affiliated locations.

It also says the product, previously announced in April, aims to reduce real estate costs and more readily empower employees to engage with physical work spaces they choose.

The launch is intended to capitalize on the large proliferation of remote and hybrid work models that have been accelerated due to the pandemic, with WeWork stating the software “marries space, asset and people management capabilities, removing guesswork from designing a strategic work model by providing actionable data to inform decision making in real time.”

“The goal of WeWork Workplace is to remove guesswork from designing an effective work model by utilizing real-time, actionable data to inform decision-making—and as a result, empower employees to more purposefully engage with space and create meaningful connections with colleagues,” WeWork president of technology and innovation, Scott Morey, told Commercial Search.

The company also recently led hybrid workspace startup Upflex’s $30 million Series A, showing intent to diversify their investment in the space to both internal and external segments.

Yardi also recently unveiled expansions to its own coworking and flex space services, including the launch of its new and integration across its entire commercial listing network.

In other recent proptech news, announced raising $33 million to extend its climate risk services to new industries. OpenTech also integrated Engrain mapping data into its self-storage operating platform SightMap.

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