IWG opening 13 co-working office locations across Canada

A Spaces co-working location in Gatineau, Quebec. (Spaces)

At a time when the co-working office business model is facing immense post-pandemic headwinds, IWG, previously known as Regus, has major plans to expand across Canada.

The company will open 13 new locations with a combined total floor area of 168,000 sq ft.

This includes opening six new HQ-branded locations in Edmonton, Regina, Winnipeg, London, and Quebec City, four Regus-branded locations in Burnaby, Mississauga, Woodbridge, and Markham, and three Space-branded locations in Surrey, Montreal, and Halifax.

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According to the company, its growth is being propelled by firms that are downsizing their spatial needs due to the continued practice of semi-remote work.

“Traditional office space has been greatly impacted by a term we have coined as the Great Lease Resignation,” said Wayne Berger, CEO of IWG Americas, in a statement.

“Companies are downsizing their own footprint, and shifting to more flexible spaces and short-term agreements to better accommodate the emergence of hybrid working, providing their teams with a network of locations from which to work. The role of IWG is to partner with landlords and investors to build that network for them.”

IWG posted its highest-ever half-year revenue and opened 400 locations worldwide over the first six months of this year. It has plans to add an additional 1,000 locations across the globe over the coming year.

This is at odds with competitor WeWork’s trajectory, which indicated this past summer it has “substantial doubt” it can remain in business, and therefore is at risk of bankruptcy.

These are IWG’s latest 13 announced new locations across Canada:

Regus — 7300 Edmonds Street, Burnaby, BC: A 13,200 sq ft location within the new podium office building at the Kings Crossing complex. Opening February 2024.
Spaces — The Professional Centre at 3211 152 Street, Surrey, BC: An 18,500 sq ft location on the fourth floor of The Professional Centre business park in South Surrey. Opening February 2024.
HQ — Park Plaza Building at 10611 98 Ave NW in Edmonton, Alberta: A 15,700 sq ft location just outside the core of downtown Edmonton. Opening May 2024.
HQ — 355 Hoffer Drive, Regina, Saskatchewan: A 9,300 sq ft location. Opening March 2024.
HQ — 2125 11th Avenue, Regina, Saskatchewan: A 6,700 sq ft location in downtown Regina. Opening March 2024.
HQ — 93 Lombard Avenue, Winnipeg, Manitoba: A 5,500 sq ft location in the Exchange District. Opening March 2024.
HQ — 379 Dundas Street, London, Ontario: A 6,900 sq ft location in downtown London. Opening December 2023.
Regus — 154 Woodbridge Avenue, Woodbridge, Ontario: A 5,400 sq ft location in the city centre. Opening March 2024.
Regus — 6700 Century Avenue, Mississauga, Ontario: A 20,100 sq ft location. Opening March 2024.
Regus — 125 Commerce Valley, Markham, Ontario: A 9,100 sq ft location. Opening November 2023.
Spaces — 747 Rue du Square Victoria, Montreal, Quebec: A 34,800 sq ft location at World Trade Centre Montreal. Opening December 2023.
HQ — 3700 Rue de Campanile, Quebec City, Quebec: A 6,700 sq ft location. Opening February 2024.
Spaces — 1505 Barrington Street at Halifax, Nova Scotia: A 22,900 sq ft location at the Maritime Centre office building in downtown Halifax.

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