For landlords, coworking can be a great opportunity, said Chris Havens, a broker with TerraCRG. “It’s a good way to jumpstart a building,” he said. Havens represented BFC Partners, in a deal with coworking space Ignitia Office, which leases 17,000 square feet at BFC’s 150,000-square-foot building at 1000 Dean Street.
Coworking can be a boon for the neighborhood as well as retail tenants in the building because it brings diverse traffic, Havens said. It can often be helpful for other tenants in the building that may need extra space on a flex basis, something he has encountered multiple times, Havens said.
Havens said he tells landlords that even if a coworking space folds in a short time, once a space is set up for coworking, it will be in high demand. “People would jump all over that if it’s big enough,” he said.
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