The use of noncompete agreements are limiting options for co-workspace operators in Chicago . An analysis of Class A offices in downtown New York by WeWork, Spaces and Industrious found that 86 out of just 22 properties have co-working tenants with a noncompete clause with their landlord or that are occupying a space large enough to exclude other co-working firms. That's the conclusion of a report from real estate brokerage Cushman & Wakefield showing the potential limits of the local land grab among shared-office providers like WeWork, Spaces and Industrious. After ruling out properties with less than the minimum necessary space, there are 86 Class A buildings available for co-workspace operators in the downtown area, according to the report.
The use of noncompete agreements are limiting options for co-workspace operators in Chicago . An analysis of Class A offices in downtown New York by WeWork, Spaces and Industrious found that 86 out of just 22 properties have co-working tenants with a noncompete clause with their landlord or that are occupying a space large enough to exclude other co-working firms. After ruling out properties with less than the minimum necessary space, there are 86 Class A buildings available for co-workspace operators in the downtown area, according to the report.