In what can rightfully be seen as confusing, if not conflicting, press release – The Instant Group have shared that they’ve been appointed by Brookfield Properties to deliver (read: manage) 11k sqft of managed office s at 100 Bishopsgate in the City of London.

What’s confusing folks? Well, the potential conflict of interests with Instant/Worka acquiring a whole bunch of platforms, rolling out data solutions, and managing spaces. I mean they have delivered 5.5M+ sqft of spaces over 20ish years, but still… some folks are understandably raising eyebrows.

Greg Meyer from Brookfield Properties digs into why vacancy rates in the US office market are so misunderstood. Short story: oversupply of outdated, obsolete office buildings, and an undersupply of modern offices that check off todays business’ needs.

The data drop digs into the state of the US office market, where oversupply came from, the impact of the pandemic, and a call to action.

Boston Properties’ CEO, Owen Thomas, recently shared that Kastle’s widely-cited "Back to Work Barometer" reports is missing data from some of NYC’s major office landlords. Also interesting to see that in NYC BXP’s daily utilization has grown to 94.8%, whereas Boston and SF were seeing 73.6% and 45.3% respectively.

The landlords who have opted out, who Gabe Marans notes as owning 150+ million square feet, include Vornado, Brookfield, SL Green, Tishman Speyer, Related Properties, Rudin Management and Silverstein Properties.

Matt Imbruglia shares news that they, Better Cowork LLC, are converting a 55k sqft former Boston Store Furniture Gallery into a coworking space. This will be their 3rd location, bringing their total number of workstations to 750 across 120k sqft in Waukesha Country. This other two locations are also conversions and slated to open in January and April.

Alex Simic, principal at Better Cowork who previously developed self-storage facilities shared why they’re focussed on creating more coworking spaces: “It’s the fastest growing real estate subsector in the country”. Hear! Hear!

John Preece shares that Hub Australia has partnered with Brookfield Properties and Cbus Property to launch two new hubs in Perth’s central business district.