Another 3 million square feet of new space has opened in the first half of 2018 with markets such as Seattle, which has more than 1 million square feet of coworking space, says a Cushman & Wakefield report.
“The site in Lawrenceville is a representative example of what the brand is seeking – new construction, and a highly visible and easily accessible free-standing location in a growing market," says SRS managing principal Matthew Mousavi.
The construction boom is nowhere more apparent than the Harwood District near Uptown, with more than 3 million square feet of class-A office, residential and retail space within a campus/park-like setting.
Depending on the size of the lease, WeWork could become the largest office tenant in New York City. WeWork currently leases approximately 4.6 million square feet of office space in New York City, exceeded only by JPMorgan Chase.
"Our expertise lies in identifying and rejuvenating distressed properties, creating a viable asset where there was formerly an obsolete property,” says Terry Frassetto, Saddleback president.