Space arbitrage enables a business to capitalize on the potential to offer physical space for new alternative revenues without assuming lease risk.
The iconic Galleria Office Towers, three class-A office buildings totaling approximately 1.4 million square feet, have sold to Piedmont Office Realty Trust Inc.
Bond, a property technology firm that focuses on last-mile delivery, is taking a page out of the book of co-working firm WeWork. The New York City-based start-up scouts out underutilized commercial space in dense city areas to establish “tiny warehouses” for last-mile delivery and is plotting an expansion in New York and two Northeast cities.
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