Tishman Speyer has announced an expansion of its proprietary co-working brand, which is set to debut in two new Midtown locations. Known simply as Studio, the spaces will be located within Rockefeller Center at 1230 Avenue of the Americas and 300 Park Avenue.
Tishman Speyer launched Studio in 2018 as a direct competitor to companies like WeWork, Knotel, and Industrious. As a concept, Studio was developed for organizations and individuals seeking Tishman Speyer’s amenities and service package that is designed to both improve employee productivity and help maintain personal wellness. Studio also offers short- and long-term contracts that can be scaled up or down as companies reevaluate their office needs.
“Studio’s flexible and highly curated options are ideal for those looking for a flexible, ready-to-move-in space, without having to compromise on its quality,” said Thais Galli, a managing director of Tishman Speyer and the top executive at Studio. “We have seen companies use it as their HQ as they grow, to enter a new market, expand their footprint in a market but with flexibility, current tenants that are retrofitting their offices to meet the newly established social distancing guidelines and temporarily require additional space, and also those considering a transition to a larger office footprint, looking for a mix of traditional and flexible terms.”
Studio at 1230 Avenue of the Americas spans four floors or approximately 110,000 square feet with interior design by Gensler. The new 300 Park Avenue location introduces 32,000 square feet of co-working space.
According to Galli, nearly 50 percent of Studio’s newly available space is already leased.