Firm Gains Traction with Coworking Model in Society Hill

Firm Gains Traction with Coworking Model in Society Hill
Three years after buying and renovating the former Nelson building, Vert Properties has leased half of the Society Hill property and expects 80% occupancy by year-end. Fifteen companies have already taken space in the three-story, 30,000-square-foot building at 222-230 Walnut St., with an average of 1,000 square feet per tenant. The property offers a hybrid model between coworking space and traditional office leases, with a minimum lease length of six months. The spaces are fully outfitted, allowing firms to move in immediately upon signing a lease.

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