As co-working and temporary space increase in popularity for both start-ups and established businesses, office provider Regus has expanded its available options by opening two street-level business lounges offering short-term access over the past six months, at 747 Third Avenue and 275 Seventh Avenue.
“We are meeting the demand of the increase of people using drop in access,” Grant Greenberg, spokesman, told The Commercial Observer.
Continuing its aggressive expansion across New York, office suite provider Regus has signed a 10-year, 23,000-square-foot lease on the 15th floor at 31 Penn Plaza.
Regus will take responsibility for the build out of the space and is expected to move in during the first quarter of 2014. Asking rents were in the low-$50s per square foot, according to a source familiar with the negotiations.
Regus announced plans to expand its prebuilt office space footprint in Manhattan with four new locations slated for leasing in the coming year. The Luxembourg-based company has 60 such business centers in the tristate area, 26 of which are in New York City.
New locations include 23,000 square feet at 747 Third Avenue, two floors Read More