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CBRE Tapped to Lease Co-Working Space in Detroit
CBRE has been retained by Venture X to lease a 22,000-square-foot co-working facility at 220 W. Congress in Detroit. Brendan George and Jasper Hanifi will lease the space on behalf of Venture X.
Set to open in late August, Venture X is a membership-based, shared workspace and community. The space offers private offices, dedicated desks and conference rooms. This is the firm’s first location in Michigan.
According to a recent report on flex space from CBRE, flexible space now accounts for 0.6% of Detroit’s total office inventory, well below the U.S. average of 1.8%, indicating room for the sector to grow in Detroit.
“There are groups actively looking in Detroit, whether it be for start-up space or satellite offices,” said Hanifi. “With a dearth of co-working space or flexible offices, this will be a very viable option for firms looking to enter the market.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
