‘‘WeWork’’ is an American real estate company that offers shared co-working space to tech companies, startups, freelancers, meetups, and other businesses, meeting points and conference hall. The objective of WeWork is to offer entrepreneurs and individual startups an economical and less costly co-working space, where they’d get an opportunity to work together with like-minded tech and other people for the same common goal.
WeWork operates under the umbrella of parent company ‘‘The We Company,’’ and it started its business operations in 2010. In a short period of 10 years, it has spread globally approximately in 37 countries by having 848 location points by the end of 2019.
In its works spaces, the company, WeWork, provides separate phone booths, high-speed internet, office stationery, printers and free refreshments like tea and coffee.
The head office of the company is located in New York City, New York, USA. It has many brand names like; WeLive, WeGrow, Rise by We, WeWork Labs, and WeWork.
In 2019, the annual revenue of WeWork is roundabout 1.9 billion US dollars by the end of 2018, and the company owns 4 million square meter space in 2018.
Employees & Members
It has 15000 employees, and more than 600,000 members who use the workspaces at different location points across the world.
Regus is a multinational office service company that offers multiple services like shared co-working spaces, video teleconferencing, meetings room, virtual offices, and business lounges. The company also provides workspace recovery services and mobile sites.
The facilities Regus offers in its workspaces and offices are; firewall security, network monitoring, IT assistance, enterprise-level connectivity, refreshments like food and beverages.
The clients and users of Regus workspaces are brokers, investors, franchisees, business and property owners. Currently, the head office of Regus is situated in Switzerland; however, it began a shared co-workspace journey from Brussels, Belgium.
Regus is operating its business under various brand names such as; OpenOffice, BasePoint, BizDojo, Regus, Spaces, HQ, No18, and Signature by Regus.
The annual revenue of Regus is approximately 3.2 billion US dollars. In 2018, the annual revenue of the company was £2535.4 million (approximately $3.3 billion), out of which the net income of the company was 105.7 million pounds.
Employees & Members
Ever since it was established in 1989, the company has expanded its workspaces across the world, roundabout in more than 110 countries. It has hired over 10000 people worldwide to manage its 3500 locations points. Regus is offering its services, in terms of workspaces, more than 2.5 million people across the world.
WeWork Vs Regus – Prices
Pricing depends on the locations, city, locality and the county. The same rule applies to the pricing system of shared co-work spaces. However, the pricing system of WeWork is clear and transparent, what it means that you can check it out on its websites. There will be different prices for the same workspace in different cities; even it’ll be different in the same city but different locations.
Anyways, the price of the hot desk in New York is $560 dollars per month, prices for the dedicated desk and private offices are $650 and $1060 per month respectively. These prices are for one person only, if there are more people like a group or a team, then the prices would be 2800 dollars per month for the same location.
When it comes to the pricing of Regus, they are usually lower than WeWork, approximately 10 to 15%. It doesn’t matter whether you require a hot desk or a private office. But the problem is that you can’t check it out its prices on their websites. If you want to know their prices, then you have to either visit their location points or call their nearest location.
WeWork Vs Regus – Locations
Both of these companies, Regus and WeWork, have been expanding their business across the world, they buy and lease properties at different prime locations. However, Regus is a bit older organization and it came into existence in 1989. Regus has been in the shared workspace business for the past three decades. If you like the services of Regus, then you can check out its locations locally and globally as well.
WeWork is much younger in the share co-work space business if you compare it with Regus. It is only a decade old, but it has a greate made progress in a very short time. WeWork has been offering its services in roundabout 123 cities and 37 countries across the world, comprising of over 840 location points. WeWork is planning to open up 200 new shared workspaces globally.
Since Regus is older and more experienced. It has 3000 locations in 120 countries.
WeWork Vs Regus – Workspaces
WeWork offers many services to relevant work spacing, some of the major are as follows;
- Private Offices
It is for those people who have just started their company and they’re working solely. Then the private office of WeWork would be the most suitable choice because it’s very inexpensive to maintain.
Private offices of WeWork have a glass wall, which means that they’re very open. If you’re looking for a private place, then WeWork won’t work for you.
- Co-working Space Options
If you’re an individual freelancer or an entrepreneur, then share co-workspace of WeWork would be best for you. It is because you’ll have the opportunity to work in the company of likeminded people.
WeWork owns a great proportion of the buildings where they run their business. However, they usually provide shared workspaces on the 3rd or 4th floor of their buildings.
- On-Demand Access
The procedure is very simple and easy to join the share co-workspace of WeWork. Just go there, fill out the form, and choose the most appropriate plan and start working.
- Office Spaces
Regus offers complete privacy to those who rent Regus office spaces. Their offices are divided by some kind of wood half wall, where people can work privately without being disturbed.
Regus owns the majority of its buildings, and the shared co-work spaces they offer are usually on the 1st or 2nd floor of their buildings. The atmosphere in the co-workspace of Regus is formal. If you aren’t accustomed to formal settings and arrangements, then open workspace would be best for you.
- Meeting Rooms
The meeting rooms of Regus are big, they have a big table in it and chares are very comfortable. If you’re looking for private meeting rooms, then Regus is the place for you.
- Virtual Office
A virtual office means that when you rent any of the offices of Regus, then you’d have the opportunity to use the Regus address as your business address; Regus emails, phone, and mails as your business email, phone and mailing address. Regus would take the calls, emails and manage your mails for you.
WeWork Vs Regus – The Vibe
One of the major differences between WeWork and Regus is that WeWork offers an easy, friendly, relaxed, casual, community-based atmosphere. If you’re an open-minded person, love working in the team and don’t care about privacy, then WeWork is the place for you.
Regus, on the other hand, has the vibes of private, formal and standard environments. It is the place for conscious and business-minded people who follow the protocol, and don’t like random and out of order things.
That’s why young millennials, freelancers and starts up prefer to work at WeWork because the atmosphere is based on community and team building. Regus atmosphere would make you feel like you’ve an office in the big company, where they provide you a shared assistant, handles your mails and phone calls. Well established businesses prefer to work in Regus.