Utopicus to Open 6 New Coworking Centres by 2020

14 March 2019 – Expansión

Utopicus is planning to add six new centres to its portfolio in Madrid and Barcelona over the next year taking the total number of centres to 13, which will together span a surface area of 36,000 m2.

On Monday, the coworking company controlled by Colonial will open its large, long-awaited office on Gran Vía 4, where it will occupy the entire building (spanning 5,000 m2 in total).

The average cost of the firm’s workspaces ranges between €300 and €400 per month. The company expects to welcome 6,000 coworkers in 2020.

New office openings

In addition to Gran Vía, over the coming months, Utopicus plans to open centres in Parc Glories and Gal la Placidia, in Barcelona and on Paseo de la Castellana 163, Jose Abascal 56 and Paseo de la Habana, in Madrid.

According to Rafa De Ramón, CEO of Utopicus, coworking is a phenomenon on the rise. Currently, coworking spaces span 150,400 m2 in Barcelona and Madrid, which accounts for between 0.5% and 1% of the total office market. That figure is expected to grow by between 5% and 10% over the next few years.

Original story: Expansión (by Rebeca Arroyo)

Translation: Carmel Drake

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