Earlier this week we looked at how property owners are delving into the coworking industry. Soon after, news that Tishman Speyer will launch its own coworking ventured followed. According to Real Estate Weekly, the big landlord will launch its coworking brand, Studio, in six markets, starting with one at Rockefeller Center on November 1st.
Coworking has disrupted not only office real estate, but also the wider commercial real estate industry. This week, Business Insider reported that “restaurants are so desperate to make rent that they’re turning into part-time coworking spaces”. It’s not just restaurants being transformed into flexible workspaces, retail properties are as well, proving an interesting strategy for landlords to increase profits.
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Business Standard reported this week that Facebook “will collaborate with coworking spaces in India to set up ‘Innovation Hubs’ for startups.” The hubs will be located in Delhi, Mumbai, and Bengaluru and they will provide access to community, tools, mentorships, and other resources to build a technology focused business.
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