coworking

Cushman & Wakefield’s New Report Shows Real Estate Leaders Continue to See Value in Coworking

CHICAGO, November 4, 2019 – Cushman & Wakefield (NYSE: CWK), a leading real estate services firm, has released a report that reveals corporate perceptions of the value of flexible workspace and coworking strategies. Cushman & Wakefield partnered with CoreNet Global, a worldwide association of corporate real estate executives, to survey more than 550 key commercial real estate (CRE) executives at organizations around the world. Participants were asked about their general perceptions of the coworking sector, the pros and cons of using coworking, expected impacts on cost, and past and future employee utilization of flexible office spaces. Key findings of the report include: Nearly two-thirds of companies utilize coworking to some degree, and many respondents expect to double their commitment to coworking over the next five years. “The results show that corporate leaders have a generally positive view of coworking and see flexible space as a growing part of their occupancy strategy,” [...]

Cushman & Wakefield Represents Landlord in Large Edens Corridor Industrial Lease

CHICAGO, June 25, 2019 – Cushman & Wakefield represented the landlord New Lincoln LLC in the long-term lease of 202,259 square feet (sf) of an industrial building at 7080 N. McCormick Blvd., in the near north suburb of Lincolnwood, to CubeWork, an office and warehousing co-working company. The transaction is one of the largest leasing deals in the Edens Corridor over the past 10 years. The 234,000 sf property sits on a 8.6 acre land site, and the balance of the building is leased to Service King, a national vehicle collision repair company. Steve Stone, Director, Advisory and Transaction Services, of Cushman & Wakefield represented New Lincoln LLC on the leasing side. CubeWork was represented by Bill Mass of Mass Realty. “This property offers the new tenant with a great deal of flexibility under one roof in a prime location just outside of the Chicago city limits,” said stone. About [...]