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.
Google rumored to take space in Reston
Reston, Virginia may be a recipient of a portion of Google’s $13 billion nationwide real estate expansion as it is in talks to leasing 90,000 square feet within Comstock Holding Company’s Reston Station development.
The company would move into the 360,000 square foot office building on Reston Metro Plaza.
The developer, Comstock, inked a deal with coworking operator Spaces for 40,000 square feet in the space. Two more office buildings are planned at the Reston Station development. It also features a 448-unit apartment building, retailers, Starbucks and more.
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Google already occupies 45,000 square feet at Reston Town Center, which expires in 2025, but includes an early termination option for 2020.
Just last week, Google CEO Sundar Pichai announced the $13 million plan to increase its real estate holdings across the country, with specific plans for growth in Virginia.
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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.