In The Loop: The Modern Office, REITs And Coworking Risk, And Knotel

[ezcol_1quarter][/ezcol_1quarter] [ezcol_3quarter_end]Is the Modern Workplace Killing Creativity?
Author Roger Mavity thinks so. According to him, “the first thing that helps creativity is solitude. Creativity is essentially an individual rather than a collective activity.” Unfortunately for creativity, companies today encourage a lot of teamwork and collaboration and many have adopted the open workplace (which has been under fire recently). Mr. Mavity argues that if one wants to come up with creative ideas, one needs to isolate oneself, even in the workplace. [/ezcol_3quarter_end]

[ezcol_1quarter][/ezcol_1quarter] [ezcol_3quarter_end]Managing the Risks and Rewards of Coworking
Real Estate Investment Trusts (REITs) have started to adopt coworking arrangements within their properties. And although incorporating coworking spaces can diversify a property’s offering and increase its value, the move doesn’t come without its fair share of risk that needs to be managed. A recent article argues that adding coworking to properties “brings with it an asset/liability duration mismatch that favors flexible customer commitments, which leave REITs without the ability to offset the high capital intensity of office assets.”[/ezcol_3quarter_end]

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[ezcol_1quarter][/ezcol_1quarter] [ezcol_3quarter_end]Knotel Signs 11K Sq Ft Lease near Grand Central Terminal
Flexible workspace operator Knotel has inked a deal for a 11,176 square foot location near Grand Central Terminal. The Commercial Observer reported that the company signed a 10 year lease for the sixth and eleventh floors of the 28-story building. According to statements made by Knotel, the decision was made as a response to increased demand from corporate clients near Grand Central Terminal. [/ezcol_3quarter_end]

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