Tag: CRE

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.

Currently, the city’s coworking footprint has amassed to 1.6 million square feet across 59 locations.

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.

Flexible office firm IWG has revealed that it will open four locations under its HQ, Regus and Spaces brands across Illinois.

According to a new report from Commercial Edge, layoffs will hinder the number of office-using employees, further driving down office occupancy.

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

The new location is situated on Biscayne Boulevard, where it will occupy over 31,000 square feet across three floors of the 30-story RFR Realty-owned building.

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

New York-based Common and Berlin-based Habyt will come together to create Habyt Group, giving the newfound company a portfolio of around 11,000 coliving spaces around the world.

The future of work might mean the death of city services if urban planners and CRE investors can’t work together to repurpose empty workspaces to sustain property tax revenues.