WATCH: Co-working 2.0: What will the next phase of flex space look like?

Gosin, Mosler, Hodari and Hargreaves talk opportunities for growth, corporate demand

TRD New York /
Jun.June 06, 2019 08:30 AM

If an expected economic slowdown comes, the flexible-space industry will be well-poised to capitalize, top players in the space and brokerage executives said at The Real Deal’s 12th annual showcase.

Bruce Mosler, Chairman of Global Brokerage at Cushman & Wakefield, said that the demand for flexible space “is going to grow because it’s what corporates have wanted for a long time”. Brad Hargeaves, CEO of co-living firm Common, noted that his field may still be in its infancy.

“Some of the trends are similar to co-working,” he said, such as the sense of shared community it can provide.

Barry Gosin, CEO of Newmark Group, said too much dedicated co-working space in a single property isn’t ideal.

“I’m not a big fan of a co-working space taking more than 15-20 percent of a building, because I think then you diminish the credit quality of a building,” he said. Jamie Hodari, CEO of flex-office firm Industrious, agreed, saying the “holy grail” of co-working would involve a mix of long-term, middle-term and flexible leases within a single property.


Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?

Howard Lorber in Concert

WATCH: Howard Lorber in concert(!)

Alex Rodriguez

Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Alex Rodriguez

Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

WATCH: Miami’s biggest concrete pour for Aston Martin Residences

WATCH: Miami’s biggest concrete pour for Aston Martin Residences

Watch: Chany Rosen’s expediting rollercoaster

Watch: Chany Rosen’s expediting rollercoaster

WATCH: Here’s the shit real estate agents really say

WATCH: Here’s the shit real estate agents really say

arrow_forward_ios