Co-working is likely to have a major impact on underwriting and setting valuations of commercial mortgage-backed securities ( CMBS ), according to Regus , managing director of Morningstar Credit Ratings. “That information would not be reflected back to the CMBS holder,” Overby said. She noted in a podcast that office space appears fully occupied when rented to co-working companies such as Lea Overby but may not be 100 percent rented out, making it difficult to assess a business's success. She noted that leasing information is not released by the private co-working firms and highlighted that Regus advertises nearly 50 million sq ft of office space in 2,700 locations.
Co-working is likely to have a major impact on underwriting and setting valuations of commercial mortgage-backed securities ( CMBS ), according to Regus , managing director of Morningstar Credit Ratings. She noted in a podcast that office space appears fully occupied when rented to co-working companies such as Lea Overby but may not be 100 percent rented out, making it difficult to assess a business's success. She noted that leasing information is not released by the private co-working firms and highlighted that Regus advertises nearly 50 million sq ft of office space in 2,700 locations.