Real estate latest global news

What’s happening in the commercial reale estate market? This is an overall glance of the most important news around the world.

Parents and coworking spaces. What’s with this combo?

The real estate market is innovating to attract more tenants into coworking spaces due to its exponential increase. London, which remains the global capital for coworking spaces, with more than 2.5 million sq.ft is bringing new trends and perks to differentiate from the competition.

For instance, smaller coworking spaces are offering child-friendly workspaces or onsite nurseries. Amenities that were once cherished like ping-pong tables, coffee bars and happy hours are no longer enough to attract new tenants. Workplaces are now aiming to bring in more young, entrepreneurial parents with perks that permit them to easily manage both parental and professional duties in the same place.

Nevertheless, coworking spaces must evaluate the balance between flexible desks offered vs. private offices and, the amount of space dedicated to community rooms vs. meeting rooms. That last thing these workplaces want is to decrease their revenues because of operational, regulatory and logistical challenges these new perks may bring.

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LL Bean is Industrious’ new partner

Industrious teamed up with L.L Bean to create an outdoor coworking space in Manhattan’s Madison Square Park. The initiative “Be An Outsider At Work” was created after analyzing that the digital transformation is permitting people to work in a more flexible, collaborative and open way. The project was also supported by a survey conducted by L.L Bean that revealed that 86% of American workers would like to spend more time outside during the workday.

This outdoor space can arrange up to 50 people and offers different layouts including standing desks, lounge-style seating, benches, pedal desks as well as WiFi and power outlets.

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Sustainability is WeWork’s next project

WeWork makes a new movement based on its environmental concerns. The company is going meat-free and will no longer serve meat at employee events or reimburse them for meals that include red meat, poultry, and pork.

According to Co-founder Miguel McKelvey, this new action is estimated to save 16-7 billion gallons of water, 445.1 million pounds of CO2 emissions, and over 15 million animals by 2023.

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New openings:

  • Dutch coworking, Spaces, will open its first Minnesota location in Minneapolis’ North Loop on July 16.
  • Industrious will enter the San Francisco office market at 1700 Montgomery at Waterfront Plaza. This new center is expected to open in the fall.
  • Bond Collective will open its first space outside of New York. It will debut in Washington at 609 H St. in Northeast D.C. The opening will be in the first quarter of 2019.
  • The Yard just opened its doors to its 11th location in New York located at the landmarked 195 Broadway.

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Real estate latest global news
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