Silicon Valley Effect Benefits Co-Working Industry
Tech companies are constantly competing for talent and working to stay on top of trends, therefore creating a demand for flexible workspace such as Mindspace, which opened its second US location here.
SAN FRANCISCO—This is the top US city in terms of workers seeking a healthy work-life balance. And it has more than 100 co-working spaces: an average of 1.2 co-working spaces within each 6/10th of a mile, GlobeSt.com learns.
Moreover, the Silicon Valley effect is also beneficial to the co-working industry. Tech companies and highly skilled executives are constantly competing for talent and working to stay on top of trends, therefore creating a demand for flexible workspace.
With that in mind, the European-based co-working space provider, Mindspace, opened its second US location at the border of the South of Market and Financial District areas. The space occupies more than 36,000 square feet and three floors at the Market Center Building at 575 Market St.
“Mindspace San Francisco is located at an attractive area of the city: right on Market Street and the border of SOMA and Fidi, which hosts two-thirds of the co-working market,” Yotam Alroy, chief business officer and co-founder of Mindspace, tells GlobeSt.com. “The members occupying co-working spaces are generally young businesses, startups, students and freelancers but Mindspace also caters to large enterprise companies. Local co-working spaces appeal to community culture and the Silicon Valley vibe to compete with global giants.”
The new Mindspace outpost accommodates almost 600 members, creating a co-working experience for professionals amid a space that promotes both creativity and productivity. It features fully equipped meeting rooms, private offices, a gym, lounges, gourmet coffee and beverage bar, event and conferencing facilities, custom-furnished common areas and break out spaces, all with 24/7 access. The space also includes tailored services such as wellness programs, talks and workshops.
“As we continue to expand in the US, we are excited to offer our upscale workspace experience to the US tech industry’s capital,” said Alroy. “Our San Francisco location offers a co-working experience that is uniquely high-end and attentive, setting the stage for innovation, whether you’re a startup founder or multinational enterprise. It caters not just to growth at work, but also personal growth, wellness and work-life balance. We already have a great community mix of leading enterprises and innovative startups here on Market Street. Demand has been high.”
A Mindspace membership–available on a monthly basis–is all-inclusive and provides global access to Mindspace’s renowned locations worldwide at no extra charge, including Washington, DC, London, Amsterdam, Berlin, Munich, Hamburg, Frankfurt, Warsaw, Tel Aviv and more.
The space is staffed by a community management team that provides a boutique work environment for each member. Mindspace has earned a reputation for its first-rate management, a direct result of its investment in highly trained community managers. At each space, Mindspace offers the highest staff-to-member-ratio in the industry, which on average, is double the industry standard.
Home to many of the world’s leading enterprise users, Mindspace’s global community includes notable members such as Spotify, Microsoft, Expedia, Yahoo!, Barclays Bank, Schwan Stabilo, Ubilabs, Agoda and booking.com.
Mindspace is planning further US-wide expansion through 2019 from its current 28 worldwide locations and approximately 1 million square feet of office space.