FEATURES
Co-working’s Coming-of-Age Tracking the industry’s trajectory with the Hive Founder Constant Tedder By MIN CHEN
28
JUMPSTART MAGAZINE
July 2019
G
iven how pervasive co-working spaces are today, it’s easy to forget that the concept is still considered young in the real estate world. Brad Neuberg is widely credited with pioneering the business model with the founding of San Francisco Coworking Space in 2005. Co-working has since become mainstream, with over 18,900 spaces worldwide as of 2018 (Statista), and the industry is set to service 5.1 million users by 2022 (GCUC). As co-working comes into its own, providers are grappling with growing pains while embracing new opportunities. At the forefront of this evolution is Constant Tedder, founder of Asia-Pacific’s largest co-working operator, the Hive. An entrepreneur many times over with several successful exits under his belt–notably with United Kingdom-based video game publisher Jagex–he set his sights on co-working in 2012 because it offered the kind of
