Amazon Considers Buying WeWork’s Lord & Taylor Building
The Real Deal reports on a potential deal worth around $1 billion, after Amazon came close to leasing space in the Fifth Avenue building last year. WeWork bought the Lord & Taylor building in February 2019 for $850 million.
Coworking Revenue On the Rise for Servcorp
Australia-based Servcorp revealed a significant investment in its coworking product, having modernised nearly all of its shared space. The result? Revenue hit new heights at $178.8 million, representing a 9 per cent year-on-year rise, according to Business News Australia.
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Coworking vs. Traditional Lease: What’s In It for Landlords?
When it comes to rental values, traditional office deals and coworking leases make no difference to landlords, according to a new MIT report, with findings published by Bisnow. A decade worth of data in six of the largest U.S. office markets suggest that landlords view coworking tenants as viable substitutes for any traditional office tenant.Share this article