Tag: daily_digest

Australia-based Victory Offices has entered the Hong Kong market with a new location, despite massive protests pushing the city’s economy to the brink of recession.

Coworking operator JustCo has announced its newest and largest Shanghai location at the LL Land Tower, where it will take up 35,000 square feet across two floors.

The We Company has finally announced that its anticipated initial public offering will be pushed back to December after reports speculated whether it would happen at all.

Distributed companies are organizations that don’t have a physical central location, which allows its employees to work from any place in the world on their own schedule.

A CBRE report found that Manhattan’s flex office footprint has tripled to 15 million square feet as it maintains the title of largest flex office market in the country.

As the coworking model becomes more of a staple in the office market, competing operators must find the offerings that can keep them afloat during an economic downturn.

A CBRE report shows that flex space could represent nearly 600 million square feet of office supply by 2030, leading to traditional offices converting to flexible spaces.

While Chicago’s coworking and real estate markets have been on the rise, depending on financially weak coworking operators such as WeWork may put landlords at risk.

Unicorns fueled by overzealous venture capitalists continue to fuel the tech sector, but a failed WeWork initial public offering could put an end to the unicorn era.

Research presented at the CoreNet Global Summit revealed that millennials find workplace design and flexibility to be the most important factors for a healthy workplace.