CBRE’s Hana is collaborating with industry leaders, and Dallas’ Stream Realty is launching a new flexible office effort.
Like the rest of the commercial property market, the shared-office business has been significantly affected by the pandemic.
Some of the country’s biggest commercial real estate firms are adapting to how coworking will function in a COVID-19 world and beyond.
Dallas’ Stream Realty Partners is setting up a new flexible workspace platform. And commercial property giant CBRE is teaming up with other office industry providers to map the way forward for coworking.
CBRE’s Hana shared office operation, which got its start in Dallas, is working with representatives from companies including Samsung, Herman Miller, Structure Tone and Muraflex to plot the future of the industry.
“The way people are working is evolving rapidly,” Andrew Kao, vice president of product and marketing for Hana, said in a statement. “It is increasingly challenging for companies to offer the flexibility to connect and collaborate from a variety of places while also providing a great, productive workplace experience.”
Kao said the new collaboration will help “develop solutions that increase safety and team performance while inspiring employees to once again meet face-to-face with their colleagues.”
The group plans to focus initially on new designs and practices for Hana’s Park District location in Dallas’ Uptown district. The multi-floor shared office operation opened last year at Pearl Street and Woodall Rodgers Freeway.
The space will have touchless office solutions, cleaning protocols, ergonomics, health-conscious design, video-enabled connectivity and collaboration solutions.
“Customers and employees are looking for more flexibility than ever before, given the dynamic environment that will persist for much longer than anyone could have ever expected,” Mark Quiroz, vice president of marketing for Samsung Electronics America, said in a statement.
Dallas-based Stream Realty Partners’ new Rapid Office initiative will provide flexible workspaces, online shopping for the locations and accessible business resources.
The commercial property firm also hopes building owners will turn to Stream Realty to take over failed coworking office centers.
“About nine months ago, we did a deep dive into what makes the top players in coworking successful,” Ben Hautt, Stream Realty co-managing partner, said in a statement. “What we came to find out is that their business-to-consumer platform was the reason for their success — not just the decked-out coffee bar or trending culture.
“Tenants want a streamlined process and would prefer to lease space in a hassle-free environment,” he said. “Rapid allows our customers to lease a space in less than 24 hours.”
With millions of office employees working at home because of the pandemic, the U.S. office sector has seen one of the biggest declines in net leasing in a decade.
WeWork, the country’s largest coworking firm, has suffered substantial financial setbacks and is reducing its footprint in some markets.