Tag: CRE

Newark, New Jersey claims to have seen the highest spike of freelancers between 2019 and 2021, but only has two coworking spaces per 1,000 of these professionals.

Recently, both Meta and Twitter slashed 13% and 50% of their workforce, respectively, putting into question the need for massive office space and campuses.

The coworking firm will exit around 40 U.S. locations due to not meeting “our design criteria, have obsolescence or… an oversupply in the market,” according to WeWork’s CEO.

According to Industrious CEO Jamie Hodari, the company has plans to expand its footprint across the Bay Area in the coming months.

Designing office spaces that cater to everyone is complex. Tash Hewlett of Peldon Rose explores the limitless benefits for both employees and businesses when workplaces put people first.

To better address gaps in office occupancy, The World Economic Forum’s Future of Real Estate Taskforce on Digital Transformation created a toolkit that aims to improve the occupant experience.

Based on occupancy levels, conventionally leased offices were found to exert three times more carbon emissions than flex spaces.

While operators have expanded and landlords dip their toes into the pool, the question isn’t whether flexibility will continue to expand. Rather, it should be asked, “Can money be made?”

Referred to as “capital-light” contracts, the model allows coworking companies to operate and manage spaces on behalf of landlords, then splitting a share of the profits

The number of coworking centers is rising dramatically. When done well, coworking investment can be very profitable — even more so in smaller cities or suburbs.