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.
Luxury flex space operator enters Houston market
Austin-based office provider Firmspace, a high-end operator that targets established professionals and small firms rather than startups, has announced its entrance into the Houston market.
One year ago, the company launched a second location in Denver and has plans to offer more flexible office spaces to more areas of the U.S. market.
The $5.5 million project plans on offering underserved amenities within the city’s coworking market and is “unlike anything we’ve ever done,” according to founder and CEO Matt Ferstler.
Firmspace’s new Houston location takes up 32,000 square feet in the BBVA Compass Plaza office tower in Uptown, which is the city’s second largest employment center.
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The space is service, privacy and security-oriented with views of Uptown Houston’s main boulevard and skyline.
There are glass-walled offices, conference rooms and networking events, as well as frosted paneled private offices.
Houston is fourth nationally in total square feet of flex space and, with the rise of biotech and technology companies in the area, demand is expected to grow.
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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.