Flexing Muscle: Non-Traditional Leases Growing Stronger

Tishman Speyer’s Studio space

NEW YORK—Tishman Speyer is getting in on the increasingly competitive market of leasing non-traditional office space. The real estate company just launched Studio, a program of co-working spaces that have flexible work areas with technology, lounges and private meeting rooms. Studio is being initially launched in six key markets.

Studio at Rockefeller Center, located at 600 Fifth Ave., will open Nov. 1, 2018. The space is almost 35,000 square feet but Tishman already plans to expand it, responding to initial demand. The alternative workspace program will also open in Boston MA, at 125 High St., Washington DC at 900 19th St., Chicago, IL at the Franklin, in Los Angeles, CA at 407 Maple Plaza in Beverly Hills, and in Frankfurt, Germany at Taunusturm.