The Work Project, a luxury flexible workspace operator backed by CapitaLand, is entering the London market at Brookfield Properties‘ One Leadenhall development. Following an RFP process managed by Colliers, The Work Project was selected to operate approximately 32,954 square feet across the 22nd and 23rd floors of the new City of London office tower. Knight Frank represented The Work Project in the transaction.

Following a recent expansion into Amsterdam, Industrious announced a new location opening in Berlin. The 700 desk, 70 office, 48.9k sqft location is developed in partnership with Brookfield Properties Germany.

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 Short story: oversupply of outdated, obsolete office buildings, and an undersupply of modern offices that check off todays business’ needs.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.