New York City attracts entrepreneurial and creative minds, and it, therefore, makes perfect sense that it boasts comfortable spaces and lounge for individuals to launch their ideas into action. There has been a surge in coworking spaces which have redefined how and where professional can operate.
As alternatives to coworking spaces, and conventional offices, these stunning coworking spaces are distinct spots for innovation that offer comfortable settings for getting projects done as well as networking opportunities. All users subscribe for membership, with the subscriptions depending on whether they want to reserve a working space or hot desking.
New York City has numerous such spaces, and you, therefore, need to zero in on your search by concentrating on the amenities that suit you, like 24/7 access to the work environments, snacks, furnishing, drinks, printing and mailing services, and transport proximity among others.
Whether you are searching for a technical savvy and enhanced setting or a cool, distinct spot, New York has an assortment of working centres to suit your preferences. Here is a list of the best coworking New York spaces for writers.
This is arguably the coworking phenomenon in New York. WeWork emphasizes both convenience and community, with distinct custom spaces for part-time, remote employees not to mention full-sized companies. With more than 50 locations sprinkled across the State, including New York, Manhattan, and Brooklyn, this is ideally the place to be for writers.
WeWork spaces are conveniently situated alongside major subway lines, fashionable shops, and commercial districts. As a member, you will gain access to amenities like coffee, 24/7 s access, fruit-infused water, printing services, office supplies, and daily cleaning, among others. Therefore, depending on your subscription, there are various add-ons for booking conference rooms and mailing services.
What particularly sets this space apart is their exclusive Hot Desk provision, which is a setting where multiple users work in a single workspace during varying periods. This option comes with a $300 monthly subscription that can sometimes go up to around $600 in a number of the New York WeWork locations. As a member, you can work in virtually any site which features hot desk option.
Besides the hot desk feature, you can also pick from several other premium plans like private offices, custom build-outs, as well as dedicated desks. However, the cost is dependent on the precise location.
Are you looking for a reprieve from crowded and noisy cafes with excellent internet/Wi-Fi connection, outside from your usual working spot? Well, if so, Spacious is your place to go. This company renovates unused restaurants to transform them into convenient workspaces for remote workers and freelancers. Most of the Spacious’ locations operate from Monday through to Friday.
Boasting 14 locations across New York including in Chelsea, Nolita, and Bowery, subscriptions for this spot cost just $99 per month for annual plans. Some of the basic amenities include outlet, tea, coffee, and Wi-Fi outlet. While Spacious does not offer as ample resources as typical corporate coworking spaces, they, however, afford ample room and communal setting where you can pay to do assignment here or write your paper on your own but to maintain your levels of productivity during standard business hours.
This is a modern, biologically responsible co-working space within New York City that boasts 10 locations across Long Island and Brooklyn City. This spot prioritizes sustainability in multiple varied ways. Also, it renovates its structures with recycled aluminum and glass and utilizes a blend of traditional and renewable energy sources for green energy certification (GEE). Green Desk also provides green cleaning and office products as well as utilizes energy-efficient LED and CFL lights that function with monitor sensors.
Green Desk also offers other multiple amenities such as a cafeteria famous for serving organic coffee, reliable and fast internet connection, and a distinct outdoor patio. It boasts over 5000 members across various fields including freelance writers, owners of small businesses, and many independent artists.
Their private offices have a $350 monthly subscription as well as a hot desk for a monthly fee of $199 or $30 per day. Low-tiered, standard plans provide distinct access with some more optimal programs that afford 24/7 key-card access having around the clock security.
The Farm, which is situated in the trendy New York neighborhood of SoHo, is famous for its unique blend of advanced technology and rustic features. Anyone looking to escape the typical chaos that comes with the city will delight in this spot’s natural wood furnishings and designs originating from the barn decor.
Besides the fantastic design, this resource centre features fanciful amenities that include a hideaway tree-house and nap room. What’s more, it houses the distinct Blueprint Health accelerator, which is an advantage of any individuals within the healthcare industry for the programming and networking opportunities available.
As for the subscription, private desks will cost you $345 a month, whereas the shared desks ask for around $179 per month. You can alternatively dish out a daily fee of $25, allowing you discounted conference room access. Similarly, large team private offices mandate for a monthly cost of $550. As a member, you will receive 24/7 access, in addition to conference rooms and printing services.
Voyager HQ is a modern gathering spot ideal for writers and other professionals looking to network. Situated within the Chelsea neighbourhood, this is a perfect coworking spot to acquire distinct expert knowledge as well as interact with various partners and investors.
This company boasts an expansive network that includes 150 start-ups across the globe. It distinct spaces include 50 dedicated working desks, several meeting rooms, three private offices, and a kitchen. With their exclusive events like roundtable discussions and happy hour, it makes it easier to interact with various other professionals.
Also on the list of member amenities are coffee, Wi-Fi, and printing access. The monthly cost of month to month desks is $249 while you can pay $799 for dedicated clubhouse membership that covers four months. The latter option comes with various perks, including personal lockers, physical mail address, 12 hours per month worth of private meeting room, not to mention first-hand access to corporate partners and investors.
Finally, their free digital subscription affords opportunities to link up with partners and investors, access to job postings on the Voyager board, and three days every three months at their clubhouse.
New York’s West SoHo neighborhood is home to another amazing spot, Galvanize that was established in 2016. With its 9th campus, they have provided ample coworking space measuring 6,000 feet. This campus offers various amenities including bike storage, private phone booths, workshop and mentor workshop programs, conference rooms, free printing, locally-sourced coffee, and onsite staff.
Galvanize provides networking, educational, entrepreneurial, and training spot for freelancers like online writers and entrepreneurs for coworking. They offer various programs like boot camps and meet-ups. This is a hub where there are various job opportunities for writers, considering the numerous tech entrepreneurs present.
Many acclaimed tech firms host events and partnerships here like the innovation lab launch for Bluemix Garage by IBM. If you want more information about their coworking charges, visit their website and fill out their inquiry form.
For any writer looking for coworking space in New York, Regus is another excellent option. It combines flexibility, accessibility, convenience, and competitive prices to create the ideal conditions for coworking.
Regus is famous around the world with more than 3000 locations, with New York being one of the places with most hubs. It has a lounge-only subscription that is perfect for locals and travelers who want to work between areas within their home vicinity.
Regus charges a daily fee of $25 for day to day users. You can also choose the Virtual offices option that costs around $141 a month, which includes office services and business address.
The precise location determines the prices of private offices and desks. Your membership status also affords you various perks like access to a phone and business number, call answering, and mail forwarding and receipt. Moreover, you enjoy typical business amenities (like Wi-Fi access, AV hardware printing, light catering, and fax) not to mention access to more offices, as well as their networking events.
A sprawling and chic establishment for the curious and ambitious, the Neuehouse is among the most excellent networking spots in New York for writers. Here, you will come across an assortment of individuals from a wide array of disciplines including freelance writers, architects, filmmakers, designers, and fashion professionals.
The five-floor ritzy Neuehouse space situated in Madison Square Park boasts creative types owing to their distinct amenities designed to boost coworking productivity. This space affords standard services, including printing, access to meeting rooms, and Wi-Fi. However, depending on how much you pay, you can enjoy multiple luxurious perks such as happy hour, cultural programming, beverage and food counters, artisan roasted coffee, ad art exhibitions.
What’s more, other amenities include productive in-house services, Linus bikes, and noise-canceling headphones, among many others. Each of these extra programs and services enables users to create an active, creative ecosystem. Their monthly fees are usually between $150 designed for communal working spaces and private studios at $4,500.
This new and stunning creative hub in Brooklyn, which was established by MINI is a unique blend of ‘Design Academy’ slate incorporates with a restaurant, workspace, and design store.
Architects have ideally preserved the elements of the original warehouse and ideally designing distinct new features like mirrored ‘periscope’ skylight. This hub is structured for all sorts of professionals seeking stimulation as well as distinctive lab access.
This Sunset Park creative hub is arguably the most-buzzed in Brooklyn. It is a 40,000 sq foot establishment founded by Erez Shternlicht and Mazdack Rassi. These individuals instilled their industrial complex featuring an assortment of amenities combines with the unique clean-lined zing of modern midcentury design.
Ideally, when you think of this spot, think Heath Ceramics tableware distributes in their onsite coffee bar and cafe, some amazing Jean Prouvé chairs, and some stunning Greta Grossman desk lamps.
It is best for freelancers and creative’s looking for a distinct working space that you never have to leave. They have various daily and monthly plans that offer you access to floating and assigned desks and private offices.
The Wing, Flatiron
The Wing is an innovative co-working hub located on the outskirts of Penthouse in New York. Ideally, this creative working space was established to create a unique multipurpose setting for women, with the purpose of its establishment being to make women’s lives much more comfortable. According to the founders, magic happens when women come together.
It is a member’s only Tumblr pink establishment popularly referred to as ‘clubhouse in the sky’ whose founders are native New Yorkers Lauren Kassan and Audrey Gelman. This is in addition to CdR & Co’s Hilary Koyfman and Chiara De Rege who collectively designed this picturesque social and workspace.
Besides the typical working and social hub characteristic, this spot also features other distinct amenities such as a library (ideally curated by RH Lossin, a renowned writer), not to mention on-demand blowouts and makeup. The library, however, only allows female authors, a specification that relates to the initial goal of the establishment’s construction.
It is best suited for writers and other freelance workers looking for both connection and convenience in a homely setting away from the typical home atmosphere. To enjoy their services, you must apply for membership.
A new and upcoming crop of creative and freelance workers expect much more than bland ‘centers of business’ and sterile setups and office spaces. Currently, they would instead make their stop at an expanding assortment of coworking spaces designed and purposed to increase productivity as well as cultivate a sense of community.
Driven by some new and unique models that feature the perks popular with private services and clubs, New York is home to multiple flourishing coworking spaces that offer options for virtually any preference, budget, and industry.
These settings provide a professional, free, and bustling environment for optimal productivity and interaction. If you are looking for the best coworking New York spaces for writers, then these few options are worth checking out.
COVID’s led to ‘massive’ income and productivity losses
Job losses or reduced working hours due to the impact of the COVID-19 pandemic cost the world the equivalent of 255 million jobs in 2020, the UN International Labour Organization (ILO) said on Monday, noting that the “massive impact” was nearly four times the number lost during the 2009 global financial crisis.
According to the ILO Monitor: COVID-19 and the world of work, the losses resulted in an 8.3 per cent decline in global income, before factoring in support measures, equivalent to $3.7 trillion or 4.4 per cent of global gross domestic product (GDP).
While there is still a high degree of uncertainty for 2021, the ILO estimates projected that most countries could see a relatively strong recovery in the second half the year, as COVID-19 vaccination programmes take effect.
ILO put forward three scenarios: a baseline estimate showing a 3 per cent decline; a pessimistic forecast indicating a 4.6 per cent loss, and in the most optimistic scenario, a 1.3 per cent decrease in working hours through this year.
“The signs of recovery we see are encouraging, but they are fragile and highly uncertain, and we must remember that no country or group can recover alone”, Guy Ryder, ILO Director-General said.
“We are at a fork in the road. One path leads to an uneven, unsustainable, recovery with growing inequality and instability, and the prospect of more crises. The other focuses on a human-centred recovery for building back better, prioritizing employment, income and social protection, workers’ rights and social dialogue”, he added.
“If we want a lasting, sustainable and inclusive recovery, this is the path policy-makers must commit to.”
Women and children most vulnerable
In terms of sectors and groups, women were more affected than men, as were younger workers, ILO said.
“Globally, employment losses for women stand at 5 per cent, versus 3.9 per cent for men. In particular, women were much more likely than men to drop out of the labour market and become inactive”, it added.
Similarly, younger workers either lost jobs, dropped out of the labour force, or delayed entry into it.
‘Lost generation’ risk
“The employment loss among youth (15-24 years old) stood at 8.7 per cent, compared to 3.7 per cent for adults. This highlights the all too real risk of a lost generation” according to ILO.
Accommodation and food services was the worst hit sector, where employment declined by over 20 per cent, on average, followed by retail and manufacturing.
In contrast, the information, communication, finance and insurance sectors, grew in the second and third quarters of 2020. Marginal increases were also seen in mining, quarrying and utilities.
APEC BEST Award Announced Top Female Entrepreneurs
The annual APEC Business Efficiency and Success Target Award, known as the APEC BEST Award, announced its 2020 winners, from a diverse group of effective entrepreneurs, innovators and managers around the APEC region.
Producer of gluten-free, healthy food products, Svetlana Shmakova, from Russia, won the top prize of APEC BEST Award with her company, Foodcode.
“The idea of Foodcode is not only about business, but also about protecting family and ensuring that we put health and well-being of people first, through quality, healthy and sustainably produce products,” Shmakova explained.
“The contest provided us with a unique opportunity to learn more about other business models, connect with fellow entrepreneurs and managers, explore new partnerships and expand our markets,” she added.
Meanwhile, Cherrie De Erit Atilano from the Philippines, founder and chief executive officer of sustainable food system and inclusive agribusiness of her company, AGREA, won the category of Best Top Manager in the post-pandemic economy.
“Inclusive and sustainable agriculture plays an even more critical role in the post-pandemic world,” Atilano said. “This award is a testament to the resiliency and compassion of women in the agricultural supply chain alongside men who persevered in bringing food to the table of both producers and consumers.”
“Women should play a significant role in our concerted efforts to recover and rebuild better as a region,” said Carolina Cuevas, Chair of the APEC Policy Partnership on Women and the Economy. “The innovation, creativity and resiliency shown by our women entrepreneurs and managers involved in the APEC BEST Award are the embodiment of this spirit.”
The contest is an initiative of Russia with China, Japan, Malaysia and Mexico as co-sponsors of this year’s contest. This year’s contest featured 20 nominees from 11 APEC economies, competing under the theme of “Women Business Leadership in Post-Pandemic Recovery.”
“All of us live in extremely challenging times now with the lingering negative impact of the economic and health crisis brought about by the COVID-19 pandemic,” said Natalia Strigunova of Russia’s Ministry of Economic Development. “We believe that women’s entrepreneurship should be a strong driver for post-pandemic recovery.”
Besides the 2020 APEC BEST Award grand prize and the award in the Best Top Managers category, the contest also awarded six winners in the following categories:
- Best Growth Potential: Lu Yunjuan, Beijing Snowlotus Biotechnology from China
- International Attractiveness: Winnie Chan Wei Wei, Bynd Artisan from Singapore
- Best Business Sustainability in Tackling the Pandemic: Norzilawaty Binti Mohd Isa, Lykke Familie Enterprise from Malaysia
- Fourth Industrial Revolution Project: Hanna Kim, Grip Corporation from Korea
- Best Family Business Support: Daniela Carolina Schneider Alvear, Celifamily Gluten Free from Chile
- Best Social Impact: Carys Mihardja, Carys Cares from Indonesia
“The goal of the APEC BEST Award is not only to promote women’s leadership and best practices amidst the COVID-19 pandemic, but also to provide support to female entrepreneurs, replicate the best business models and expand their networks beyond their home economies to encourage more women to establish their own businesses,” added Irina Saltykova, who leads the APEC BEST Award project.
M&A valuations boom in the second half of 2020, despite COVID-19 impacts on the economy
M&A valuations are soaring, with rich valuations and intense competition for many digital or technology-based assets driving global deals activity, according to PwC’s latest Global M&A Industry Trends analysis.
Covering the last six months of 2020, the analysis examines global deals activity and incorporates insights from PwC’s deals industry specialists to identify the key trends driving M&A activity, and anticipated investment hotspots in 2021.
In spite of the uncertainty created by COVID-19, the second half of 2020 saw a surge in M&A activity.
“COVID-19 gave companies a rare glimpse into their future, and many did not like what they saw. An acceleration of digitalisation and transformation of their businesses instantly became a top priority, with M&A the fastest way to make that happen — creating a highly competitive landscape for the right deals,” says Brian Levy, PwC’s Global Deals Industries Leader, Partner, PwC US.
Key insights from the second half of 2020 deals activity include:
- Dealmaking jumped in the second half of the year with total global deal volumes and values increasing by 18% and 94%, respectively compared to the first half of the year. In addition, both deal volumes and deal values were up compared to the last six months of 2019.
- The higher deal values in the second half of 2020 were partly due to an increase in megadeals ($5 billion+). Overall, 56 megadeals were announced in the second half of 2020, compared to 27 in the first half of the year.
- The technology and telecom sub-sectors saw the highest growth in deal volumes and values in the second half of 2020, with technology deal volumes up 34% and values up 118%. Telecom deal volumes were up 15% and values significantly up by almost 300% due to three telecom megadeals.
- On a regional basis, deal volumes increased by 20% in the Americas, 17% in EMEA and 17% in Asia Pacific between the first and second half of 2020. The Americas saw the biggest growth in deal values of over 200%, primarily due to some significant megadeals in the second half of the year.
COVID-19 accelerates deals activity for digital and technology assets in a highly competitive market
In demand assets have commanded high valuations and fierce competition, driven by macroeconomic factors. These include low interest rates, a desire to acquire innovative, digital or technology-enabled businesses and an abundance of available capital from both corporate (over $7.6 trillion in cash and marketable securities) and private equity buyers ($1.7 trillion).
By comparison, assets in sectors that have been hardest hit by the pandemic like industrial manufacturing or those being shaped by factors such as the transformation to net zero carbon emissions are creating structural changes that companies will need to address. Where the future viability of their business models are challenged, companies may look to distressed M&A opportunities or restructuring to preserve value.
Deal makers widen assessment of value creation to non-traditional sources
Non-traditional sources of value creation such as the impact of environmental, social and governance factors (ESG) are increasingly being considered by deal makers and factored into strategic decision-making and due diligence, as they focus on protecting and maximising returns from high valuations and fierce demand.
“With so much capital out there, good businesses are commanding high multiples and achieving them. If this continues – and I believe it will – then the need to double down on value creation is now more relevant than ever for successful M&A,” says Malcolm Lloyd, Global Deals Leader, Partner, PwC Spain.
The impact of a hot IPO market on M&A
The last six months saw the prevalence of the use of special-purpose acquisition companies (SPACs) to pool investor capital for acquisition opportunities in a highly active IPO market. In 2020, SPACs raised about $70 billion in capital and accounted for more than half of all US IPOs. Private equity firms have been key players in the recent SPAC boom, finding them a useful alternative source of capital. More SPAC activity is expected in 2021, especially involving assets such as electric vehicle charging infrastructure, power storage, and healthcare technology.
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