Switzerland-based coworking pioneer IWG is planning to add as many as 700 new flexible-office locations to its US portfolio, which includes offices in 300 cities primarily under the Regus and Spaces brands.

In an interview with The National Observer, IWG CEO Mark Dixon said the hybrid work model that rapidly is becoming the consensus choice among businesses for post-pandemic office models "is a totally different way of working" that is "fundamentally changing the (labor market) geography of the United States."

"It's a very, very significant change in how corporations, large and small, want to support their (workers) and, as part of that, how they want to consume real estate," Dixon told the Observer.

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