Real estate giant CBRE to open first Northeast U.S. location of coworking spinoff in Philly

Global commercial real estate firm CBRE is teaming with the owner of the 1818 Market St. office tower on two stories of shared space at the Center City high-rise that would compete with the likes of WeWork. The 50,000-square-foot coworking space, which is set to open during the last three months of 2020, is the seventh to be announced under CBRE’s Hana brand of collaborative offices and will be its first to open in the northeastern United States. CBRE began rolling out its Hana-branded spaces nearly a year ago as a way to partner on flexible-space ventures with landlords who are looking to claim for themselves a bigger piece of shared-office market. Control of the space now mostly goes to traditional coworking operators.