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Would Co-Working Work in Your Building?

If you own or operate commercial real estate, you probably have heard of co-working, office sharing or other similar terms. There is a debate in the commercial real estate community as to the extent co-working space will affect the larger market, but it appears it will have a material impact. According to a recent announcement, the iconic Lord & Taylor department store on Fifth Avenue in New York City is being sold to a WeWork joint venture to house WeWork’s headquarters and WeWork co-working space.

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