“Finding office space is a distraction and a huge cash burn for startups and growth-stage companies,” said Bryan Murphy, Breather's CEO. “Our flexible private offices and network of on-demand workspaces are helping businesses with dynamic headcount to maximize their capital efficiency, and improve productivity and employee retention.”

This is not the typical communal co-working space with flexibility that is somewhat uncommon in the industry, Murphy points out.

“If you've ever spent time in a co-working space, it can feel like you're in a fishbowl. One thing we hear from customers is that they switch to Breather because we give them their own private space on flexible terms with which they can create their own culture without the noise and distractions of co-working,” Murphy tells GlobeSt.com. “Companies can book from over 500 private office and meeting spaces as easily as ordering an Uber. In fact, we are the only truly flexible workspace provider by allowing bookings from as short as two hours up to four years. And, our team of in-house designers work with companies to set up a space in the way that best fits their business and team makeup. And finally, our spaces are completely turnkey and furnished. You can focus on your business and we take care of everything else.”

Spaces will be available for rent starting next month. Sean McCallum and Danny Pickard of Cushman & Wakefield represented Breather in the transaction and Brad Colton of Colton Commercial represented the landlord.

“After seeing the demand for flexible space, we were interested in partnering with the right provider to manage and service 565 Commercial St.,” said Colton. “We reviewed various options and decided to partner with Breather because of its strong reputation as a tenant, strategic partnership with landlords, high level of professionalism and history of bringing innovative brands into its spaces.”

The forecast average annual growth rate for US spaces during 2017 to 2022 is, by universally accepted co-working standards, a moderate 9%, according to the Coworking Handbook. The recorded annual growth rate of co-working is relatively slower than the globally expected rate of growth of growth in spaces, which stands at 16.1%. The slower rate is recorded is as a result of the progressive maturing of the US market.

Due to the consistent increase in size of co-working spaces and results in the number of US co-working members doubling during the period, member growth is projected to increase by a whopping 14.7% average annual growth rate.