LaunchBio CEO Joan Siefert Rose leads a tour of life sciences co-working lab, BioLabs NC.
The growing popularity of co-working spaces like WeWork could pose a risk to the US economy in the next economic downturn, a Fed official warned on Friday.
Boston Federal Reserve Bank President Eric Rosengren, who has publicly dissented with the Fed’s recent interest rate cuts, said lower rates will boost risk in “unexpected places.”
“Evolving market models, along with low interest rates, are creating a new type of potential financial stability risk in commercial real estate,” he said at an event in New York City. “One such market model is the development of co-working spaces in many major urban office markets.”