Generator to expand co-working portfolio to meet increasing

Generator to expand co-working portfolio to meet increasing demand


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Generator, a subsidiary of Precinct Properties, said demand for co-working spaces had been extraordinary since the pandemic, as more firms wanted the flexibility to scale up or down when they needed to.
It said occupancy rates fell from 97 to 65 percent last year but were now back to more than 85 percent, with the company forecasting a complete recovery later in the year.
"The last 12 months has been a game changer for the industry," Generator general manager John Moffett said.
"We're seeing really large corporate companies looking to use products like Generator as an adjunct space to their traditional office."

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