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CBRE Launches New Co-Working Business, Taking on WeWork

  CRETech  ·  1 minute read

CBRE Group Inc. and other big brokers are trying to muscle their way into the increasingly crowded but lucrative co-working business, aiming to help landlords create their own flex-space companies that cut out middlemen like WeWork Cos.

Large companies have embraced co-working and flex space because it allows them to expand and contract their space quickly. They have been rapidly shunning the 10- and 15-year leases that have been a mainstay of the office space industry for decades.