Page Reader AI | Exclusive | Giant Commercial-Property Firm Goes All In on Co-Working With New Deal

Exclusive | Giant Commercial-Property Firm Goes All In on Co-Working With New Deal - WSJ

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CBRE's Acquisition of Industrious

CBRE Group, a major real estate services firm, has acquired the remaining 60% stake in Industrious, a co-working company, valuing the company at approximately $800 million. This deal signals a renewed interest in shared workspaces within the property market, as more employees return to the office.

Industrious boasts a portfolio of over 200 locations across more than 65 cities worldwide. It provides flexible office space solutions to businesses of various sizes. CBRE's move reflects a broader trend of investment in the co-working sector.

Real estate-services firm CBRE Group is taking control of the co-working firm Industrious, a sign of the property market’s renewed interest in shared workspace as more employees return to the office. CBRE announced Tuesday that it has agreed to purchase the 60% stake that it didn’t already own in Industrious, a deal that values the co-working company at about $800 million. Industrious has more than 200 locations in over 65 cities globally that make office space available to businesses on flexible terms.