In an interim financial report that just came out, Regus, the worlds largest provider of flexible workspaces with 1,687 office centre, announced that they expect to add between 420 and 440 new office centers to their network in 2013. That is up from a planned 350 for 2013. It looks like they have the accelerator to the floor. So far this year They have added 292 new centers compared with only 121 at the same point last year. The question in my mind is with such rapid growth will they be able to maintain good occupancy or will we see low profitability from the new locations?
By: James Osgood
A part of Regus growth is into secondary and even tertiary markets. I just saw an article announcing their opening of an office center in Appleton, Wisconsin.