Cushman & Wakefield has launched an alliance with co-working firm Industrious to offer landlords integrated management of traditional and co-working space, according to The Wall Street Journal.
The new offering comes as the industry debates the value of co-working space during a pandemic and when the office asset class is struggling to make sense of how the work from home trend will affect the category in the long run.
In short, the office sector is facing both a cyclical recession where demand is lagging because the economy is not at full employment and a unique disruption because COVID has sent workers home.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
