Officebroker.com is rebranding as Officio to move away from the broker model and aid clients in finding long-term solutions, rather than completing short-term goals.
WeWork continues its conquest of Manhattan
HQ by WeWork, the company’s mid-sized business branch, recently signed four leases in Manhattan totaling around 110,000 square feet.
Three out of the four leases are within blocks of each other in NoMad that includes West 27th Street, West 30th Street, and Madison Avenue locations.
In addition to these Manhattan locations, HQ recently signed two leases in San Francisco, totaling 55,000 square feet.
Arash Gohari, an executive vice president at WeWork, led the effort in closing these deals.
A WeWork spokesperson declined to provide asking rents for these new locations.
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JLL research revealed that Dallas-Fort Worth is ranked 12th out of the country’s top 15 coworking and flexible space markets, taking up 3 million square feet of space.
Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.