Industrious

Industrious
Company type	Private
Industry	Flexible office space, Coworking
Founded	2012; 14 years ago
Founder	Jamie Hodari, Justin Stewart
Headquarters	New York City, United States
Area served	United States, Europe, Asia
Products	Flexible office and coworking environments
Owner	CBRE Group (majority stake)
Parent	CBRE Group
Website	www.industriousoffice.com

Industrious is a workplace experience firm based in New York City that delivers flexible office and coworking environments for both individuals and businesses. Established in 2012, the company operates more than 200 sites spanning 65 cities throughout the U.S., Europe, and Asia.

History

Entrepreneurs Jamie Hodari and Justin Stewart launched Industrious in 2012 to improve the quality of shared office environments. They secured $1 million from 80 investors to open their inaugural location in Chicago in 2013. The company grew its presence by entering the New York market in 2015 with a Brooklyn facility, eventually moving its headquarters to Manhattan.

In March 2017, Industrious raised $25 million in capital, followed by an $80 million Series D funding round in August 2019 supported by investors such as Brookfield Property Partners, Canada Pension Plan, TF Cornerstone, Granite Properties, and Equinox Group. In February 2021, CBRE Group acquired a 35% ownership stake by investing $200 million and integrating its Hana coworking brand’s ten locations. CBRE further increased its stake with an additional $100 million investment in May 2022.

On January 14, 2025, CBRE declared its intention to purchase the remaining 60% of Industrious in a transaction valuing the business at about $800 million, reinforcing its leadership within the flexible workspace sector.

Partnerships

Industrious has formed strategic alliances with Equinox Group, providing coworking spaces adjacent to fitness centers and including gym memberships as member benefits. Additionally, it collaborates with Wythe Hotel to convert hotel rooms into office spaces. In September 2020, Industrious partnered with Cushman & Wakefield to offer enhanced amenities within properties managed by Cushman & Wakefield. By September 2022, the company expanded further through a collaboration with AvalonBay Communities, launching coworking locations inside residential apartment complexes.

Acquisitions

Industrious broadened its digital flexible workspace capabilities by acquiring PivotDesk in March 2017. In May 2019, it grew its portfolio through the acquisition of TechSpace, an office provider targeting technology companies, adding seven new sites.

Notable locations

External links