Recent earnings calls in the US by real estate-related companies reveal divisions within the commercial sector about the impact of co-working operators on the market. Boston Properties and SL Green Realty are among firms that that consider co-working an important net absorber of space. Others, such as Empire State Realty Trust, see it as disruptive and a disturbance to tenant, landlord and broker relationships. Shared office space providers combine functionality with high design and hospitality elements to aggregate and diversify risk associated with smaller, less established tenants that have traditionally been unable or unwilling to lease office space. The debate is not just between those who believe co-living will be good for tenants but also whether it can work well enough to attract tenants.
Recent earnings calls in the US by real estate-related companies reveal divisions within the commercial sector about the impact of co-working operators on the market. Boston Properties and SL Green Realty are among firms that that consider co-working an important net absorber of space. Others, such as Empire State Realty Trust, see it as disruptive and a disturbance to tenant, landlord and broker relationships. The debate is not just between those who believe co-living will be good for tenants but also whether it can work well enough to attract tenants.