- July 1, 2019: Vol. 31, Number 7

To read this full article you need to be subscribed to Institutional Real Estate Americas

Evolution of sharing: Office landlords are launching co-working initiatives to cater to changing tenant desires

by Loretta Clodfelter

The co-working concept is getting a corporate makeover. No longer is co-working only for solitary freelancers and early-stage startups; enterprise users are increasingly important in the flexible-office-space market.

“32 percent of WeWork’s clients are already enterprise clients — 1,000 employees or more — and they have plans to target midsize business,” says Chris Macke, managing director research and strategy at American Realty Advisors. “This is a major source of potential growth for co-working firms.”

At the same time, traditional real estate landlords and service providers have looked at the success of co-working firms such as WeWork Cos. and launched their own rival products in the wake of a shifting office landscape.

“Some people talk about a disruption. I think that’s actually the wrong term. I think it’s an evolution of the way space is actually being consumed by the ultimate occupier,” says Scott Marshall, president and chief deve

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.