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Co-working firm Spaces expands in Canada

Friday, September 21, 2018

Spaces, an Amsterdam-born co-working firm, plans to open 15 more locations in Canada in the next two years. Its newest location in Toronto is 127,158 square feet, making it the company’s largest location in North America .

Spaces offers a shared office environment. Users of co-working space are often self-employed, frequent travelers, and work in either small start-up companies or with smaller non-profit organizations. The individuals and organizations who rent co-working space also vary across numerous industries

“We’re witnessing a dynamic shift in the way organizations and professionals think about their workspace. Traditional offices are becoming less desirable to a growing segment of the working population. People want open, bright, collaborative workspaces — they want to be inspired,” said Tobin Davis, executive vice-president with Colliers International, Toronto in a press release.

Spaces Gastown, the newest location in Vancouver, totals 120,393 square feet. The building features patios, exterior green walls, a rooftop terrace, glass floors and a lobby designed to resemble a rainforest.

“The co-working revolution has firmly taken hold, thanks to the tremendous demand from a wide spectrum of potential occupants who have realized the benefits of community, flexibility, and cost,” said Colin Scarlett, executive vice-president with Colliers International, Vancouver.

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