In a recent article in Commercial Property Executive, journalist Jackson Chen breaks down the six predictions by JLL’s Senior Director for Office Research Scott Homa for how the coworking world will develop in 2020.
We witnessed in 2019 the large expansion of large landlords creating their take on coworking. These include Tishman Speyer, which is creating Studio, as well as Boston Properties with Flex by BXP, and many more. “Other companies are looking to reach landlords by offering a management agreement that’s more akin to retail or hotel setups” as sited in the article.
Aside from what is featured in this article, Hines has developed their own version, Hines Squared, with the view of creating amenity floors in recent developments and is partnering with Industrious to manage these floors with a level of hospitality that can only be delivered by a professional and seasoned operator.
Further, Silverstein Properties just recently inked a partnership with CBRE’s Hana product under a management agreement scenario or revenue share model.
We look forward to experiencing the many creative ways that landlords and developers are embracing this model and expressing it as uniquely their own.