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Luxury NYC buildings woo residents with coworking spaces as remote work lingers - TL;DR CNBC

Luxury NYC buildings woo residents with coworking spaces as remote work lingers

Publishing timestamp: 2023-08-10 15:14:04


Summary

The article discusses how apartment developers in New York City are adding coworking spaces and other workspace amenities to cater to the growing demand for remote work options. This trend is driven by the lingering work-from-home trend and the need for a "third space" where people can work away from home and the office. The article also mentions the struggles of public coworking spaces like WeWork and how the focus on workspace amenities in residential buildings could impact the city's commercial real estate market.


Sentiment: NEUTRAL

Tickers: DOUG

Keywords: wealthreal estatebreaking news: businessnew york citybusinessdouglas elliman incluxurybusiness news

Source: https://www.cnbc.com/2023/08/10/luxury-nyc-buildings-offer-coworking-spaces-as-remote-work-lingers.html


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