Industrious

Industrious, a provider of premium flexible workspaces and coworking solutions, is based in New York City, New York. The company designs its spaces as hospitality products, creating engaging office environments across over 150 locations in more than 65 markets worldwide. With over 500 employees, Industrious generates over $350 million in annual recurring revenue (ARR) by offering professional office flexspace solutions for teams. Its diverse clientele includes Fortune 500 companies such as Pinterest and Pandora, utilizing its high-quality shared workspaces. In 2025, CBRE acquired Industrious for $800 million, with co-founder Jamie Hodari subsequently assuming roles as CBRE's Chief Executive Officer, Building Operations & Experience and Chief Commercial Officer while retaining his CEO position at Industrious. The company was founded in 2013 by Jamie Hodari and Justin Stewart.

# Industrious: A Workplace Platform, Not a Technology Company

Industrious is a premium flexible workspace provider, not a technology company in the traditional sense. Founded in 2013 and headquartered in New York, Industrious operates a national network of coworking spaces and private offices across 50+ cities, serving companies and professionals seeking thoughtfully-designed workspaces[4]. The company generates approximately $71.7 million in revenue and employs around 1,500 professionals worldwide[3].

High-Level Overview

Industrious provides workplace suites, private offices, and community memberships to companies of all sizes[3]. The platform addresses a fundamental business problem: enabling teams to access professional, flexible workspace without the commitment and overhead of traditional long-term leases. Members can work from Industrious locations across the U.S., U.K., Europe, and Asia, making it particularly valuable for distributed teams and growing companies that need scalable office solutions[4].

The company's value proposition centers on removing operational friction—fast Wi-Fi, maintained facilities, professional design, and responsive staff handle "thousand little, critical details that distract you from getting your work done"[4]. Industrious differentiates itself through high member satisfaction ratings on Google and Yelp, suggesting strong execution on the service side[4].

Core Differentiators

• National and international network: 50+ cities across multiple continents, enabling companies to expand without establishing new office infrastructure[4]
• Flexibility and scalability: Members can adapt their space needs easily, from single desks to multi-location expansion[4]
• Full-service model: Unlike bare-bones coworking, Industrious includes amenities, community programming, and dedicated Member Experience Managers[5]
• Design-forward spaces: Emphasis on natural light, modern architecture, and thoughtfully curated environments that foster both focus and collaboration[5]
• Member satisfaction: Consistently high ratings suggest strong operational execution and community building[4]

Role in the Broader Workspace Landscape

Industrious operates within the PropTech sector, riding the secular shift toward flexible work arrangements accelerated by remote work normalization post-2020[2]. The company benefits from several market tailwinds: the rise of distributed teams, the decline of traditional office occupancy, and growing demand from startups and scale-ups that need professional space without long-term capital commitment.

The workspace market has consolidated around premium providers like Industrious, which compete on service quality and community rather than price. This positions Industrious as a beneficiary of the "flight to quality" in flexible workspace—companies increasingly prefer curated, well-maintained environments over budget alternatives.

Quick Take & Future Outlook

Industrious has raised $185 million across four funding rounds, with an $80 million Series C indicating strong investor confidence in the flexible workspace thesis[3]. The company's growth trajectory depends on several factors: sustained demand for hybrid and flexible work arrangements, the ability to maintain profitability in a capital-intensive business model, and expansion into new geographies.

The broader workspace market remains dynamic, with competition from WeWork (post-restructuring) and emerging regional players. Industrious' differentiation through premium service and community positioning suggests it will continue capturing the higher-margin segment of the flexible workspace market—companies willing to pay for quality and reliability rather than seeking the cheapest option. As corporate real estate strategies continue evolving, Industrious' ability to serve as a trusted partner for distributed teams positions it well for sustained growth.