Vast Coworking Group™ Achieves Record Growth in 2023, Expands Global Footprint

Vast Coworking Group™ (Vast), recognized as the world's largest privately-owned franchisor of coworking spaces, has announced a year of unprecedented growth in 2023. The company reported a 21% increase in systemwide sales and a 16.5% rise in systemwide membership, marking a significant milestone in its expansion efforts. This growth is attributed to strategic acquisitions, including Intelligent Office®, which has propelled Vast to become the third-largest global coworking network with over 190 locations and 40,000 members worldwide.

Jason Anderson, President of Vast, highlighted the company's achievements and future prospects, emphasizing the growing demand for flexible workspace solutions. The company's expansion in 2023 included the opening of 11 new locations and the signing of 34 franchise agreements, further solidifying its presence in the global market. Notably, Vast has extended its brands, Venture X and Office Evolution, into Portugal, showcasing its commitment to international growth.

To support its rapid expansion, Vast has strengthened its leadership team by promoting key executives to vice president roles. These strategic appointments are expected to drive the company's next phase of growth, as noted by Ray Titus, CEO of United Franchise Group, Vast's parent company. With a robust development pipeline and an enhanced leadership structure, Vast is well-equipped to meet the increasing demand for flexible workspace solutions, reinforcing its position as a dominant force in the coworking industry.

The success of Vast Coworking Group™ underscores the evolving dynamics of the workplace and the rising preference for flexible, collaborative environments. As businesses and professionals continue to seek adaptable workspace options, Vast's growth trajectory offers valuable insights into the future of work and the opportunities within the coworking sector. For more information, visit https://www.vastcoworking.com.