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LOS ANGELES—Boston Fed President Eric Rosengren worries about the impact co-working office space could have on the commercial real estate sector and is not reticent about his opinion.
Three weeks ago, he told the audience at an event in New York City that evolving market models, along with low interest rates, are creating a new type of potential financial stability risk in commercial real estate. "One such market model is the development of co-working spaces in many major urban office markets."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
