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Boston Fed President Warns of Co-Working Risks to Property Market

Written by CRETech | Oct 9, 2019 12:36:10 PM

A Federal Reserve Bank president who has been warning about prices rising too high in the commercial real-estate market has a new source of concern: co-working.

In an interview, Boston Fed President Eric Rosengren highlighted a potential misalignment in the property market. He noted that landlords are offering long-term leases to co-working firms, which then spend money to build out the space and rent it on a short-term basis.