News

While it is hard to predict what the future of work will look like, it certainly won’t include ignoring political discussion or embracing fully remote workforces.

ROOM and Industrious have teamed up to offer ROOM’s “Workspace Galleries” across various Industrious locations, providing users with adaptable workspace solutions.

WeWork cofounder Adam Neumann and SoftBank are close to settling their legal battle after the Japanese conglomerate walked away from a $3 billion tender offer.

The MetroTech Center in Downtown Brooklyn has signed a total of 132,000 square feet in lease transactions so far, showing promise for leasing activity in the future.

IWG has taken over its third WeWork space in Hong Kong, transforming the 50,000 square foot office at The Quayside in the Kowloon East district into its Signature brand.

HSBC has announced it hopes to cut back on its global office space by 40%, excluding its branch network, as it transitions to more agile and hybrid work arrangements.

While the Eastside has outpaced Seattle leases in the past few years, the Puget Sound region was the third most active office market last year despite activity slowdown.

BKLYN Commons, a coworking operator, has revealed it reduced its space in Bedford-Stuyvesant by 50% and redesigned the location due to the pandemic.

Changes in the office industry means there needs to be an update on how appraisers view coworking operators, particularly as they become a bigger part of the market.

A new CommercialEdge Office National Report indicates that the commercial office industry is on its way to recovery, with coworking spaces helping along the way.