Flexing Muscle: Non-Traditional Leases Growing Stronger

NEW YORK—Tishman Speyer is getting in on the increasingly competitive market of leasing non-traditional office space. The real estate company just launched Studio, a program of co-working spaces that have flexible work areas with technology, lounges and private meeting rooms. Studio is being initially launched in six key markets.

Studio at Rockefeller Center, located at 600 Fifth Ave., will open Nov. 1, 2018. The space is almost 35,000 square feet but Tishman already plans to expand it, responding to initial demand. The alternative workspace program will also open in Boston MA, at 125 High St., Washington DC at 900 19th St., Chicago, IL at the Franklin, in Los Angeles, CA at 407 Maple Plaza in Beverly Hills, and in Frankfurt, Germany at Taunusturm.

“We’ve seen great demand for flexible office space from our enterprise clients and prospective tenants and we understand the importance of agility and the need for companies of all sizes to be able to move quickly and scale as needed,” says Thais Galli, senior director of innovation at Tishman Speyer.

Studio at Rockefeller Center tenants will have access to Zo, amenities created by Tishman Speyer, allowing access to the Clubhouse by ZO at One Rockefeller Plaza. Additional tenant services include wellness programs, childcare, on-site medical services, travel planning, personal grooming, ride shares, human resources services, food and catering.

Indicating a popularity in the trend of flexible and co-working leases, on the same day of the Studio announcement, co-working company Spaces and flexible workspace provider Knotel issued press releases of their deals in New York City.


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