CommunityCurrent Real Estate Market June 7, 2022

The Pivot of All Pivots…

Pre-COVID, the ideal, “all the rage” office environment was a communal, “open concept,” shared-workspace office. When the pandemic hit in early 2020, there was a hard stop to this and and demand for shared spaces ground to a halt. Companies like WeWork who invested in shared workspaces hit hard times.

For a developer who built communal WeWork offices and 23 floors of the company’s WeLive co-housing in Seattle, what was the solution? Change the building into apartments that people can lease! Rents for these apartments are steep, but the design, style and amenities are impressive! Believe it or not, there is even a Lifestyle Director (how fun a job would that be??) To find out more, click HERE.