In 2019, many leases are expected to expire and with Brexit uncertainty lingering in the air, flexible workspaces could have a great opportunity to flourish.
Hotel and coworking management firm announces first NYC location
Selina, a coworking firm that marks WeWork CEO Adam Neumann as an investor, has plans to open its first New York City location.
The hotel and coworking company announced a 20-year lease for all 63,000 square feet of the 138 Bowery building. It will include 90 hotel rooms, 2,000 square feet of coworking space, a rooftop bar, and retail space.
Emmut Properties developed the 138 Bowery building as a mixed residential and hotel building, but ended up leasing the entire building to a hotel operator instead, according to Yoav Gery, the company’s president. In 2015, the company bought the development site for $47 million.
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Selina was founded in Panama in 2015. It manages hostels and office space buildings tailored to the ever-growing digital nomads of the world. It has since expanded its services throughout Latin America and Portugal and is aiming to open 15 U.S. locations by 2020
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While many major coworking operators focus on serving major U.S. markets, smaller coworking brands are setting their sights on meeting the demands of secondary cities.
As the flexible workspace industry continues to grow rapidly, major space operators such as Regus are finding franchisee partners to expand their services worldwide.
Many coworking spaces favor the open-office layout, so design companies have curated private working pods to suit those who need privacy to have a productive workday.
Colliers’ U.S. Flexible Workspace Outlook Report revealed how the upcoming commercial real estate sector has evolved over the years and what to expect for the future.
A 2019 Staples Workplace Survey found compelling data suggesting that the majority of employees now prioritize flexibility, health, and well-being within the workplace.
JLL’s CEO Christian Ulbrich credits the major rise of the coworking market and real estate technology sector in the company’s large fourth-quarter revenue boost.
Toronto’s OneEleven has launched offices in London to cater to businesses who are fast growing and need access to HR, branding/marketing, and sales tools services.