Co-working is only getting bigger

Dated: 10/29/2018

Views: 35

The report points to co-working behemoth WeWork and states that investors are warming to the idea of companies that lease large office spaces then sublet them back to smaller businesses.

But WeWork is also trying to “create a community,” the report continues, which translates into rising costs in the form of things like higher quality finishes. The report quotes one survey respondent who complained about how that eats “into landlord economics.”

Credit: WeWork

Overall, the report’s authors expect office space to deliver less favorable returns than other types of properties. To prosper, city office space in particular needs to offer amenities.

“These buildings need to have good Walk Scores, access to transit, and urban-like amenities (even in the suburbs) as well as larger floor plates with more light, a food and beverage option, and customization in design,” the report explains.

Blog author image

Carolina Bustillos

I am an entrepeneur with more than 17 years in the advertising, art and real estate business. Given the blessing and opportunity to travel worldwide I have clients from all over the world and know how....

Latest Blog Posts

ADDAGIO- LAS OLAS. Fort Lauderdale

I am absolutely in love with this new building in Fort Lauderdale beach! Adagio is a petitte, classy and top of the line waterfront building where sunrise and sunsets can be enjoyed in the best of

Read More

Co-working is only getting bigger

The report points to co-working behemoth WeWork and states that investors are warming to the idea of companies that lease large office spaces then sublet them back to smaller businesses.But WeWork

Read More

Millennials are interested in the suburbs

Headlines have long touted millennials’ tendency to live in urban centers, and that has indeed happened. But today, at least some of the more than 80 million people who are now in their

Read More

Kakkakaka

Skksm

Read More