CRE

This deal brings 12 cross-branded locations — three Venture X and nine Office Evolution — that spans across the Denver metro area.

Data from Kastle Systems finds that occupancy in New York reached 47.2% on January 18, an increase from the 45.6% seen on January 12.

According to analysis from Colliers, average office occupancy in the country is anticipated to grow by 1.5 percentage points this year, eventually reaching a peak of 15% in 2024.

IWG-owned Regus will add to its network of offices in Lagos, Nigeria within the Gbagada neighborhood, marking its eighth center in the country.

Currently, the CommercialEdge network comprises hundreds of thousands of commercial real estate listings including 6,000 coworking spaces and 50,000 other properties.

The Massachusetts state government is reportedly walking back on its offices in Boston as Governor Charlie Baker’s administration leans towards hybrid and remote work models for staff.

Executives are concerned with that current remote working models are “actually magnifying negative economic and social consequences for cities.”

Meta has listed its 113,585 square foot building in Fremont, California for sublease following its massive layoffs last month.

The problem lies in nurturing collaboration and camaraderie, which is why leaders are looking to create an office space that serves as a destination, rather than a requirement.

According to new data from Colliers, office leasing activity fell 7% from October and 50% from November 2021, indicating cooling demand.