Co-working space giant IWG expanding footprint in suburban Detroit, around state

A major co-working space company is expanding its footprint in metro Detroit and around the state.

Switzerland-based IWG plc has rolled out half of its planned new locations, opening four so far in Southfield, Ann Arbor, Clinton Township and Bloomfield Hills, with four other locations — another in Ann Arbor, two in Lansing and one in Grand Rapids — opening by the third quarter.

Seven of the eight are Regus-branded IWG locations, while the Grand Rapids outpost carries the HQ brand, IWG announced on Tuesday.

The locations are:

 
  • Southfield: The Onyx Building, 29777 Telegraph Road, 30,000 square feet. Now open. 
  • Ann Arbor: Atria Park Business Center, 2006 Hogback Road, 12,000 square feet. Now open. 
  • Clinton Township: 22600 Hall Road, 11,000 square feet. Now open. 
  • Bloomfield Hills: Stoneridge III, 40900 Woodward Ave., 12,500 square feet. Now open. 
  • Ann Arbor: Domino’s Farm Office Park, 24 Frank Lloyd Wright Dr., 12,000 square feet. Now open.
  • Grand Rapids: 300 Ottawa Ave. NW, unknown square footage. Opening third quarter. 
  • Lansing: Louis B. Ebaugh Building, 501 S. Capitol Ave., unknown square footage. Opening timeline unclear. 
  • Lansing: Corporate Centre, 5913 Executive Dr., unknown square footage. Opening this quarter. 

Crain’s has requested additional details on the planned locations from IWG but has not yet heard back. 

The additions bring IWG’s roster of co-working space locations to 25 in Michigan, according to a news release. Four of the locations — Southfield, Bloomfield Hills, Shelby Township and the Hogback Road location in Ann Arbor — are franchises by John Schmidt, who has other Regus outposts in the region. IWG also has locations in suburbs including Troy, Birmingham, Royal Oak, Novi and Dearborn, plus downtown Detroit in the Renaissance Center. 

IWG says it has about 4,000 locations in more than 120 countries worldwide, adding more than 850 new locations last year. It says it is growing to meet demand for hybrid working space on the heels of the COVID-19 pandemic.

In addition to traditional co-working space, IWG brands offer options including private offices, meeting rooms and creative spaces.

IWG, which stands for International Workplace Group and trades on the London Stock Exchange, reported 2023 revenue of $4.26 billion (£3.34 billion) earlier this week, a record high in the company’s 35-year history, although it missed analyst projections and posted another year of pre-tax losses (£189 million, or $240.8 million). In 2022, its pre-tax losses were £105 million, or $133.8 million.

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