Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Photo of Michael Cohen Cohen says the coworking sector’s success with larger office users has been almost inadvertent.

NEW YORK CITY—The third quarter saw the US office sector continue its run of strong performance, with rents either holding steady or rising in the sector’s 10 leading markets, according to Colliers International’s latest report. Yet while the traditional industries contributed to that success story, the real trendsetters lately have been comparative newcomers.

In early October, Dropbox signed the largest office lease San Francisco has ever seen: 736,000 square feet, representing the entirety of Kilroy Realty’s Exchange on 16th development. And Colliers notes that creative office space providers, including WeWork, are increasing their presence in several markets, notably Boston. To get a handle on the brave new world of office leasing, GlobeSt.com spoke recently with Michael Cohen, president of the New York tri-state region at Colliers. An edited version of that conversation appears below.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

More from this author

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.