CBRE’s flexible office arm Hana has announced a partnership with Silverstein Properties as revenue-sharing agreements become more popular.
The partnership will involve the two companies sharing the cost of building a new New York office space, as well as share the revenue from occupants. This has become a common practice among many flexible office firms, such as Industrious, as it offers a way for building owners to boost revenue and reduce risk.
Hana will open its first location in New York City at Silverstein’s 3 World Trade Center, just after the company signed a lease for its first East Coast location in Virginia last month.
The coworking firm will take up 85,000 square feet of space across the 37th and 38th floors of the 80-story tower, where 5,000 square feet will serve as its headquarters.