NEW YORK CITY-WeWork, a provider of flexible office space, has signed on for 74,000 square feet of space at 175 Varick St. in Hudson Square. The deals marks continued interest in downtown, amid disappearing availability.
According to data from CBRE, the area saw availability fall to 11% in the third quarter of 2011—compared to 14.3% the same period a year earlier.
WeWork, which was represented by Sean Black at Jones Lang LaSalle in the lease, will occupy the building following a complete build out of its space there, which is anticipated to be completed in early 2012. The company will occupy the ground floor, as well as floors three, four, five and eight.
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