As co-working companies like WeWork reach the limits of demand from freelancers and entrepreneurs, they are increasingly turning to larger, more traditional tenants.
“Co-working is dead,” Mark Gilbreath, who runs the online office listing platform LiquidSpace, told The Real Deal. “Long live co-working.”
This month’s cover story dissected coworking’s shift to a business model that closely mirrors commercial property management, while the shared office aspect of the business is shrinking.
The issue also has a feature on SL Green Realty, which recently kicked off a rare $2 billion share buyback strategy. Another looks at how Ceruzzi Properties, a little more than a year after Lou Ceruzzi’s death, is shifting the firm’s focus back to its suburban roots. And there’s a ranking of the city’s top residential property managers.
And don’t miss this month’s Closing with Kelly Kennedy Mack, president of Corcoran Sunshine Marketing Group.
All readers can now view the November issue of TRD by clicking here or on the “Magazine” tab on the top left of the homepage. All magazine content will be available to subscribers only until the second week of the month. It will be available to all readers after that period. Enjoy! — Kathryn Brenzel