Industrious

What Industrious does

Industrious is a premium flexible workspace provider founded in 2013 by Jamie Hodari and headquartered in New York City, operating 250-plus workspaces across more than 80 cities in the United States, Canada, the United Kingdom, France, Germany, Belgium, the Netherlands, Singapore, Hong Kong, Thailand, and Australia. The company serves enterprise clients (Pfizer, Salesforce, Cisco, Verizon, Spotify, Lyft, Hyatt, Pandora, Delta), mid-market distributed teams, individual hybrid workers, and small businesses through a unified portfolio that includes Coworking Memberships, Private Offices (1-20 people), Suites (15+ people), Virtual Memberships, Meetings On-Demand, and Day Passes, plus sub-brands such as Indy by Industrious, WorkLife, Club 135, and the Tower 49 flagship.

Its technology stack centers on a member portal (portal.industriousoffice.com) with dedicated iOS and Android applications, a Mapbox-powered location and booking experience, a multi-tier membership engine that supports enterprise contracts, virtual offices, on-demand meeting rooms, day passes, and global access, and emerging use of AI-powered personalization and IoT-enabled workspace features. The underlying platform is an asset-light operating model that refurbishes Class B office space under management agreements and profit-share arrangements with landlords (Blackstone, Brookfield, Hines, Rudin, Douglas Emmett, Kato International, AH Realty) rather than long-term master leases, enabling rapid deployment and capital efficiency.

Industrious monetizes through a hybrid of subscription recurring revenue (Coworking, Office, Suite, Virtual Memberships), usage-based revenue (Day Passes, Meeting Room rentals), and managed services revenue from landlord management agreements, profit-share arrangements, and enterprise workplace solutions. Distribution combines enterprise field sales, an inside-sales motion with workspace consultants, a self-serve day pass funnel, a formal broker referral program with published commission structures across US/Canada and UK/EU, and an embedded landlord partnership channel. Following CBRE Group's full acquisition in January 2025 for approximately $400 million at an $800 million implied enterprise valuation, Industrious is integrated into CBRE's new Building Operations & Experience segment and operates as a wholly-owned subsidiary with a brand-unified APAC footprint as of July 2026.

Name

Industrious

Legal name

Industrious National Management Company LLC

Website

https://industriousoffice.com

Company type

Private

Founded year

2013

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Industrious is a premium flexible workspace provider operating 250-plus workspaces across 80-plus cities globally, serving enterprise, mid-market, and hybrid-worker customers via subscription memberships, day passes, and asset-light landlord profit-share arrangements. Now a wholly-owned CBRE subsidiary, it operates within CBRE's Building Operations & Experience segment.

Ownership category

akta.pro rank

Product category

Flexible Office Space

NAICS

Facilities Support Services (561210), Office Administrative Services (5611)

SIC

Services-Facilities Support Management Services (8744), Services-Membership Organizations (8600)

akta.pro primary industry

Workplace & Office Support Services (Reception/Mailroom/Porterage/Helpdesk) (IMAIAAAD)

akta.pro secondary industry

Office Services & Supplies Management (Stationery, Inventory, Vendor Coordination) (IMAIALAH)

Keywords

• Flexible office space
• Coworking memberships
• Private office solutions
• Virtual office services
• Meeting room rentals

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices27 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Workspace Memberships: Recurring revenue from Coworking Memberships, Private Office Memberships (1-20 people), Suites (15+ people), and Virtual Memberships, with monthly meeting room hours included and access to global network amenities
2. Day Passes and On-Demand Access: Pay-as-you-go revenue from individual Day Passes providing a seat in common areas, food and beverage, on-site staff, and phone booth access; pricing varies by location
3. Meeting Room and Event Space Rentals: Hourly and daily bookings of meeting rooms and event spaces by the hour or day, with A/V and on-site support included
4. Landlord Management Agreements and Profit-Share Arrangements: Asset-light revenue generated through management contracts, revenue-share, and profit-sharing deals with building owners (e.g., Douglas Emmett profit-share at Sherman Oaks Galleria and Studio Plaza) instead of traditional master leases
5. Enterprise Workplace Solutions: Custom built workplaces and enterprise leasing for large teams, often as satellite offices serving enterprise clients across multiple cities
6. Broker Referral Commissions (Reverse): Outbound commission payments to broker partners for US/Canada and UK/EU deals, structured by pre-opening, initial term, renewal, and expansion

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels8 records

Core offering

Industrious operates a global premium flexible workspace platform offering coworking memberships, fully-furnished private offices, suites, virtual memberships, on-demand meeting rooms, and day passes across more than 250 locations in 80+ cities. The company runs an asset-light model with landlord management agreements and profit-share arrangements, providing hospitality-grade workspaces to enterprise clients, distributed teams, and individuals.

Product overview

Industrious operates a multi-product flexible workspace platform organized as a core coworking and office membership portfolio plus location-specific and demographic-specific sub-brands. The core offering is structured around dedicated workspace (Private Offices for teams of 1-20 and Suites for 15+ teams) and shared workspace (Coworking Memberships / Access, Virtual Membership, Meetings On-Demand, and Day Passes), augmented by sub-brands including Indy by Industrious (cost-effective neighborhood coworking), WorkLife Meetings by Industrious, WorkLife Office Suites by Industrious, and Club 135 by Industrious. Acquired brands include The Great Room (unified under Industrious in July 2026) and Welkin & Meraki. The portfolio also includes flagship locations such as Tower 49 by Industrious in Midtown Manhattan, and channel partnerships through the Broker Program and Landlord Partnership Program (with partners like Blackstone, Equinox, Taubman, and Brookfield). Since CBRE's full acquisition in January 2025, the platform has been integrated into CBRE's Building Operations & Experience segment while continuing to grow its global footprint to more than 250 workspaces across 80+ cities.

Differentiator

Problem solved

Functional benefit

Brands

• Indy by Industrious: Cost-effective coworking/workspace offering targeted at individuals and small companies, distinct from the main Industrious brand (e.g., Indy locations in Beverly Hills at 8484 Wilshire Blvd, San Francisco, Austin, Burnet Rd, Reston Town Center, Phoenix Downtown, Denver South, Denver Platte St, etc.).
• The Great Room

Products and services

• Coworking Membership Membership for hybrid workers providing access to communal workspaces with 24/7 access, complimentary meeting room hours, bookable offices on-demand, daily breakfast, coffee, beverages, snacks, and access to private phone booths.
• Private Offices (Office Membership) Fully-furnished, move-in-ready dedicated private office spaces for teams of 1-20 people with monthly meeting room hours, professional community access, and all-inclusive amenities.
• Suites Move-in-ready dedicated suite workspaces for large teams of 15+ people featuring private conference rooms, all-inclusive amenities, and network access across the Industrious portfolio.
• Virtual Membership Professional business address service for individuals or companies including mail retrieval and on-demand meeting rooms and event spaces.
• Meetings On-Demand Instant access to meeting rooms by the hour or day for teams up to 20 people, with video conferencing, secure Wi-Fi, professional A/V equipment, supplies, beverages, and on-site support.
• Day Passes On-demand access to a seat in the common area for individuals with phone booths, food and beverage, on-site staff, and global access.
• Indy by Industrious Cost-effective coworking sub-brand under the Industrious umbrella targeting individuals and small companies in neighborhood locations, positioned as a more affordable alternative to the flagship Industrious brand.
• Enterprise Workplace Solutions Custom workplace solutions for large enterprise teams addressing remote, distributed, and centralized office needs with a consistent experience across geographies.
• Broker Referral Program Formal broker referral and commission program covering US/Canada and UK/EU, with commission structures for pre-opening leases, initial terms under and over 12 months, renewals, and expansions.
• Landlord Partnership Program Landlord partnership program offering flexible workspace management services to property owners under management agreements and profit-share arrangements; designed to drive leasing activity and tenant retention for assets including those owned by Blackstone, Equinox, Taubman, Hines, Brookfield, Douglas Emmett, Rudin, and Kato International.

Quantifiable outcome

• 58% global portfolio growth since CBRE's full acquisition in 2025
• +5 more outcomes

Named customers19 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

21 partnerships are on record, tiered major, mid and flagship.

• The Great RoommajorStrategic or Co-development PartnerAcquired by Industrious in May 2022 to expand Asia-Pacific presence. The acquisition added multiple Asian markets (Singapore, Hong Kong, Bangkok, and other locations). As of July 1, 2026, Industrious is unifying all Great Room-branded APAC locations under the Industrious brand. Approximately 1,000,000 square feet added across six countries through combined Great Room and Welkin & Meraki acquisitions.
• Welkin & MerakimajorStrategic or Co-development PartnerAcquired by Industrious in May 2022 alongside The Great Room, adding European markets (London, Manchester, Paris, Brussels, Eindhoven, Frankfurt, Amsterdam). The combined deal added six countries and approximately 1,000,000 square feet to Industrious's portfolio.
• SmartWork NetworksmidStrategic or Co-development PartnerReported February 2025 merger with Industrious as part of broader consolidation in the digital co-working platforms space, alongside WeWork's acquisition of CoSpace Digital (January 2024) and Regus's partnership with WorkHub Labs (September 2024).
• Delta Air LinesmajorGTM or Marketing PartnerStrategic partnership to provide traveler workspaces. As referenced on Industrious homepage news (Commercial Observer, August 2024), the partnership makes Industrious workspaces available to Delta business travelers, blending aviation and flexible workspace distribution.
• Kato InternationalflagshipStrategic or Co-development PartnerLandlord/strategic partner on comprehensive redevelopment initiative at Tower 49 in Midtown East Manhattan. Project includes two new amenity floors and a tenant experience program with planned completion by Q4 2026. Industrious is expanding footprint by nearly 52,000 SF to 292,000 SF, creating its flagship location and reportedly the largest single flexible office footprint in the world. Partnerships also include Bonetti Kozerski Architecture, MdeAS Architects, Mucca, and Friend of Chef.
• Miami CybermidGTM or Marketing PartnerStrategic partnership announced December 2025 to deliver the AI-Ready Business Series in Florida, focusing on AI readiness, cybersecurity, and workflow automation for businesses. Series launched in South Florida and expanding to Tampa and Orlando, with in-person educational sessions hosted within Industrious workplaces.
• Douglas EmmettmajorChannel Partner/ Reseller/ DistributorLandlord partner with multiple profit-sharing/profit-share agreements: 22,000 SF at Sherman Oaks Galleria in Los Angeles (set to open April 2026) and 18,400 SF profit-sharing agreement at Studio Plaza in Burbank (18th LA-area location, opened January 2026). Demonstrates Industrious's flexible profit-share model instead of traditional leases.
• RudinmajorChannel Partner/ Reseller/ DistributorLandlord partner finalized 40,000 SF of new leases at One Battery Park Plaza in Lower Manhattan, bringing 35-story, 800,000 SF tower to 99% leased. Industrious took entire third floor (26,781 SF, expected to open winter 2025/26).
• AH Realty TrustmajorChannel Partner/ Reseller/ DistributorLandlord partner; signed approximately 22,000 SF long-term office lease at Southern Post mixed-use development in Roswell, Georgia, giving Industrious roughly 1.5 floors with 189 dedicated seats and 52 additional access seats. Opening expected early 2027; brought Southern Post office component to 83.5% leased.
• JLLmidChannel Partner/ Reseller/ DistributorReal estate services partner at One Thomas Circle in Washington, D.C. (owned by LaSalle Investment Management); Industrious doubled footprint to entire fourth floor in addition to its existing seventh-floor presence during Q1 2026.
• EquinoxmidStrategic or Co-development PartnerCross-brand strategic partnership; co-located 'Industrious at Equinox' location in NYC, also listed as a preferred landlord partner. Featured in landlord partner logo wall on Industrious website.
• BlackstonemajorChannel Partner/ Reseller/ DistributorFeatured as a preferred landlord partner of Industrious on the Landlords partnership page; large-scale institutional real estate partner.
• HinesmajorChannel Partner/ Reseller/ DistributorFeatured as a preferred landlord partner of Industrious on the Landlords partnership page; global real estate investment firm.
• BeaconmidChannel Partner/ Reseller/ DistributorFeatured as a preferred landlord partner of Industrious on the Landlords partnership page.
• MacerichmidChannel Partner/ Reseller/ DistributorFeatured as a preferred landlord partner of Industrious on the Landlords partnership page.
• BrookfieldmajorChannel Partner/ Reseller/ DistributorFeatured as a preferred landlord partner of Industrious on the Landlords partnership page; one of the largest global real estate firms.
• JamestownmidChannel Partner/ Reseller/ DistributorFeatured as a preferred landlord partner of Industrious on the Landlords partnership page.
• TaubmanmidChannel Partner/ Reseller/ DistributorFeatured as a preferred landlord partner of Industrious on the Landlords partnership page.
• BillingsleymidChannel Partner/ Reseller/ DistributorFeatured as a preferred landlord partner of Industrious on the Landlords partnership page.
• EQofficemidChannel Partner/ Reseller/ DistributorFeatured as a preferred landlord partner of Industrious on the Landlords partnership page.
• Real Estate Broker Partner NetworkmajorChannel Partner/ Reseller/ DistributorIndustrious operates a formal broker referral program with a published commission structure for US/Canada and UK/EU. Commission tiers cover pre-opening, initial term (split between ≤12 months and >12 months), renewals, and expansion deals. Brokers are formally engaged to refer clients seeking remote, distributed, and centralized workspace solutions.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• WeWork: Largest direct competitor in premium flexible/coworking office space globally. After emerging from bankruptcy and restructuring in 2024, WeWork competes head-to-head with Industrious for enterprise flex-office mandates across major US and international metros.
• Convene: Premium flexible workplace and meeting/event venue operator targeting enterprise clients with hospitality-grade design. Closest US-headquartered peer to Industrious on premium experience, enterprise focus, and meeting space product.
• Knotel: Enterprise-focused flexible office provider (acquired by Newmark in 2021 after bankruptcy) competing with Industrious for large-team, custom-build, and headquarters-as-a-service mandates in major US markets.
• The Executive Centre: Premium serviced office and coworking provider across Asia-Pacific (and increasingly globally), directly comparable to Industrious in target customer (enterprise), service tier (premium hospitality), and geographic footprint across major financial centers.
• Serendipity Labs: US-focused flexible workspace operator offering coworking, private offices and meeting rooms to enterprise distributed teams. Direct comparable to Industrious in target customer (mid-market and enterprise), geographic mix (US suburban and secondary metros), and franchise/operator model.
• Servcorp: Premium serviced and virtual office provider serving SMB and enterprise clients in major financial centers. Competes with Industrious on private offices, virtual memberships, and meeting room products at the premium end of the market.

Emerging players

• Awfis: India's largest flex workspace operator expanding across South Asia; positioned by Straits Research alongside Industrious as a leading global coworking market participant, with growing enterprise and SMB membership base.
• Workbar: Northeast US flexible workspace operator with enterprise and SMB coworking offerings. Comparable to Industrious on East Coast enterprise focus and hub-and-spoke model for distributed workforces, though smaller in scale.

Broad incumbents

• International Workplace Group (IWG / Regus / Spaces): World's largest flexible workspace operator under the Regus, Spaces, HQ and Signature brands. IWG is the broad incumbent competing across price tiers and geographies, frequently cited alongside Industrious as a top global flex provider.

Regional players

• Ucommune: China's largest coworking operator and a profiled top-five global flex workspace provider per industry reports. Comparable to Industrious in scale ambition and product breadth but focused on the China market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/IndustriousHQ
• Facebookfacebook.com/IndustriousOffice
• LinkedInlinkedin.com/company/industrioushq
• Instagraminstagram.com/industrioushq

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds5 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Industrious