Upon the end of @CUNYStartups latest (incredible) cohort that I’ve had the great pleasure of mentoring, I thought it would be a great time to share some of the valuable enterprise product lessons I’ve picked up over the years. https://t.co/k7y1ReNKpd
“When we’re talking about larger types of enterprise tenants, they’re typically not that nimble. If you have a business model that is focused on delivering nimble solutions to larger organizations, that inherently has some challenges.” - Sean Black
https://t.co/uplcQhem4p
Ascribing the high valuation of an asset light tech company to a real estate business w/ no economies of scale (I.e. commercial leases stipulate that rent increases every year) will inevitably lead to a rude awakening. #WeWork#coworking
We would like to thank @CapgeminiAIE & @NYUFutureLabs for welcoming our CEO to speak about the future of commercial real estate. It was an honor to be amongst such esteemed thought leaders, and a pleasure to hear their take on the cutting edge of machine learning.
.@seanblackRE, CEO/Founder of @seanblackRE, gives an in-depth look into the tech-powered outsourced real estate department for occupiers/tenants of commercial office space #FocusAI
As a founder, I’ve learned the future rarely occurs precisely as envisioned, so I prefer to focus on solving todays most pressing challenge, instead of wasting a lot of time grueling over the magnitude of future ”imagined” issues yet to present themselves.
Of the ten largest NYC office leasing transactions, three were to coworking companies, which represented 19% of all space that was leased.
Transactions led by BLACK accounted for 13% of all space leased on the list. https://t.co/DQaMZ3Reey
All industries are seeking to densify their workspaces, eliminate SF, and reduce their total lease obligations. The result: More office space will hit the market, vacancy will be driven higher, & rents will continue to decrease due to the downward pressure of the shift in supply.
Coworking company Jay Suites subleases building next to WeWork's Lord&Taylor building from Hudson's Bay (which a WeWork affiliate owns a stake in). AND a former WeWork exec brokered the deal. https://t.co/TyOuHl84yM