Crittenden Report Editors
MRP Realty, developer of commercial, residential, industrial, and mixed-use real estate across the Washington Metropolitan Region, launched Navigate by MRP, an office space platform for the tenant end-user. Navigate is currently available in MRP properties in DC, Maryland, Virginia and Philadelphia.
“Recognizing the current disruption in office space, technology and amenities, MRP is responding with alternative solutions to searching for office space that better serve users who need flexible, fast options,” said Allison DiGiovanni, senior managing director of MRP.
Navigate is a platform that allows users to view a suite of office solutions from coworking, flex and spec suites to long-term customizable options, taking the next step in the traditional space booking platform and supporting the entire building.
History has demonstrated that larger and larger volumes of small and medium-sized businesses search for space online first. This data was used to rethink what space opportunities should be available through the online platform.
Navigate was created to showcase all MRP’s available inventory across both MRP and Heyday properties, in an easy-to-use format. Updates are posted of MRP’s office vacancies from coworking to long term options in seamless side-by-side comparisons. For coworking, it also serves as the purchase platform for day passes, virtual office, and month-to-month memberships for Western Market Workspaces, Bethesda Crossing Workspaces, and The Bourse Workspaces in Philadelphia.
Paddy Cullen, investment manager for MRP, said they have several buildings with coworking floors they also operate and needed a platform that could support the booking and purchase process.
“What we’ve found is that businesses aren’t sure what they need right now in terms of office space, and by expanding the offerings we show online to not only include coworking, but spec suite and term space as well,” he said.
The MRP Navigate team will offer tours and play a one-on-one advisory role to assist those looking for new space and guide through what can typically be a frictional process.
“The former way of leasing space is no longer servicing the market,” Cullen said. “Tenants want to access space quickly and reduce barriers to fast occupancy like lengthy lease forms and long lead times.”
Founded in 2005 and headquartered in Washington, DC, MRP is a real estate developer and operator focused on opportunistic and value-add investments. Since the firm’s inception, MRP has deployed more than $8B (total capitalization) in the Washington, DC, Maryland, Virginia, Philadelphia, New York, and Nashville markets, with a current interest in 27.7M square feet of existing or under construction properties, and land interests over 10M square feet.
