Latch and WeWork Partner to Provide Apartment Residents in NYC with Access to Flexible Workspace
September 13 2022 - 9:00AM
Latch, Inc. (NASDAQ: LTCH), maker of LatchOS, the full-building
enterprise software-as-a-service (SaaS) platform, today announced
that it is collaborating with a leading global flexible space
provider, WeWork (NYSE: WE) to provide residents of Latch-enabled
multifamily buildings in New York City with WeWork All Access
memberships. Through this collaboration, Latch residents will be
able to opt-in to WeWork All Access, unlocking access to WeWork’s
global portfolio of flexible office space.
The partnership between WeWork and Latch is the first of its
kind for these brands, and reflects the growing demand from workers
residing in apartments to have access to a third workspace between
the home and office.
The program will be available at select apartment buildings in
New York City, with plans to expand throughout the metro area and,
eventually, nationwide.
“Residents want more flexible relationships with their physical
spaces that meet their ever-changing needs and improve their lives.
At Latch, we’re focused on creating new experiences that provide
this flexibility in innovative ways,” said Luke Schoenfelder, Latch
Co-Founder, CEO, and Chairman of the Board of Directors. “We’re
thrilled to partner with WeWork to help expand the way people think
about their space as it relates to work, and enable multifamily
building owners to better differentiate their properties to attract
renters.”
According to the National Multifamily Housing Council (NMHC) and
Grace Hill 2022 Renter Preferences Survey Report, the pandemic
influenced 25% of renter moves over the past 18 months, with 70% of
renters anticipating teleworking the same amount or more going
forward. In New York, 92% of Manhattan office workers are either
hybrid or fully remote.
“At WeWork, we are continuously looking to innovate on the ways
we can support and enhance a new world of work through greater
flexibility,” said Rebecca Graf, Head of Ancillary Revenue at
WeWork. “Through the rapid adoption of WeWork All Access, we have
seen the majority of users leveraging the product to break up their
workweek and remain productive in a hybrid world. We’re excited to
support NYC-based Latch residents as they strive to strike the
right balance between working from home, their offices, and a third
place like WeWork.”
Latch residents currently engage with the Latch app 4.6 times
per day to unlock their spaces, access building amenities, control
smart home devices, schedule deliveries and more — making it a
useful touchpoint for integrating other living features, including
office space management. This partnership also offers a glimpse
into the upcoming next generation of LatchOS, LatchOS2. Through
expanded functionality and new third-party partnerships, LatchOS2
will unlock new spaces, services, experience and amenities that
matter most to today’s residents.
Since launching its subscription-based model in August 2020,
WeWork All Access has experienced record growth, most recently
reaching a total of 62,000 members as of June 30, 2022.
To learn more about this partnership and gain access to Latch
WorkSpace, visit here: www.latch.com/wework
About Latch, Inc.Latch makes spaces better
places to live, work, and visit through a system of software,
devices, and services. More than one in ten new apartments in the
U.S. are currently being built with Latch products, serving
customers in more than 44 states through its flagship full-building
operating system, LatchOS. For more information, please visit
https://www.latch.com.
About WeWorkWeWork Inc. (NYSE: WE) was founded
in 2010 with the vision to create environments where people and
companies come together and do their best work. Since then, we’ve
become a leading global flexible space providers committed to
delivering technology-driven turnkey solutions, flexible spaces,
and community experiences. For more information about WeWork,
please visit us at wework.com.
Contactpress@latch.com
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