This Week's N.Y. Deal Sheet

Coworking operators have seen massive drops in business, as the coronavirus has prevented many from stepping foot into an office in months.

That has some operators shifting focus to more short-term users, including those who rent by the day, as a way to drive business during the pandemic. The shift may become a long-term fixture in the industry, experts say.

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In Case You Missed It...

When you sell a piece of real estate, are you using the process that will get the highest price possible? The work of two U.S. academics who last week won the Nobel Prize for economics suggests you almost certainly aren’t.

Stanford University’s Paul Milgrom and Robert Wilson won the prestigious prize for their work on auction theory and how the design of auctions can be changed to maximise the price paid for an asset. A close look at their research suggests the way real estate is typically sold in the U.S. and UK is not designed to get the highest price possible. And those weaknesses in the property sales process, in particular the lack of transparency, could be holding the growth of the sector back.

Read the full story here.