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Merlin Expands its Coworking Business with Office Rentals by the Hour

The Socimi is making the services of its coworking subsidiary LOOM more flexible and so is offering the rental of its offices and other facilities by the hour.

LOOM oficinas coworking merlin 1
A LOOM Coworking in Madrid.

Merlin Properties has decided to enter the business of renting workspaces by the hour, with the aim of making its supply of office space for rent more flexible and fulfilling new market demands.

Through its coworking space subsidiary, LOOM, the Socimi is going to offer offices and meeting rooms for rent by the hour, instead of by the month or year, as it has done until now, according to a statement issued by the company. Specifically, Merlin’s subsidiary will offer 50-hour passes for 200 euros, which will be available for use at the different centres that LOOM has in Madrid and Barcelona (currently nine locations).

Read the full article in Spanish.

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