Shared Space Agreements


Summary

With co-working spaces such as WeWork growing in popularity, real estate attorneys are frequently called upon to help clients navigate the pitfalls of shared space agreements. The co-working business model has also expanded to provide amenitized single-user suites, called “enterprise” co-working. This practice note discusses shared space (including enterprise) agreements generally, how these agreements differ from leases, advantages and disadvantages of these agreements from the user’s perspective, and considerations for counsel to both the user and the tenant/licensor.