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Coworking Once “A Momentary Blip,” Now a Factor to Reckon With (Video)

For New York’s office tenants, the coworking sector is a factor to be reckoned with, especially as it has grown to accommodate tenants of all sizes. This was among the themes sounded in Lee & Associates NYC’s recent leasing symposium, which brought together a panel of experts from a variety of disciplines.

Coworking was “initially viewed as a momentary blip,” said CEO Eliot Spitzer (pictured) of Spitzer Properties. “People looked at WeWork and said, ‘oh, we’ve seen this before.’” However, he pointed out, WeWork has since become “arguably the largest lessor of space in the city.”

Lee NYC’s Dennis Someck and Alan Friedman represented their firm during the symposium, where participants also included Pryor Cashman’s Bradley Kaufman, Ceros’ Simon Berg and ENV’s David Rush, among others. You’ll hear insights from each of them in the above video.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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