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New York & Tri-State  + Downtown New York  + Finance  |  May 18, 2022
CBRE has made a $100-million investment in flexible workspace leader Industrious
Paul Bubny
By: Paul Bubny

CBRE Makes New Investment of $100M in Flex Workplace Leader Industrious 

CBRE Group has followed its previous investment in flexible workplace provider Industrious with $100 million of fresh capital. The new investment will enable New York City-based Industrious, predominantly focused on the U.S. today, to accelerate its international expansion and execute key strategic growth initiatives.  

Earlier this month, Industrious announced its first international acquisitions: The Great Room in Asia and Welkin and Meraki in Continental Europe. 

CBRE invested approximately $230 million in Industrious in late 2020 and early 2021. CBRE continues to be the lead minority investor in Industrious. 

Jamie Hodari, co-founder and CEO of Industrious, said: “The investment rests on our shared understanding that there is a monumental opportunity in front of us as companies rethink their real estate strategies. CBRE’s investment assures we have the capital we need in the coming years to grow on a global scale to meet current and future demand for flexible space.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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