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In cities like Bangalore, getting self-leased office space for an early stage startup is a nightmare. Either you have to take up individual houses converted as
by deepGem 9y ago
In cities like Bangalore, getting self-leased office space for an early stage startup is a nightmare. Either you have to take up individual houses converted as offices (borderline illegal) or you have to settle for crappy office spaces in god forsaken locations.
Even for established companies, managing office real estate is a nightmare. For instance, Microsoft had leased some office space in the heart of the city and even they had difficulty expanding and finding appropriate offices in the vicinity. (They have now taken up space at WeWork as a makeshift arrangement).
So yeah, while WeWork seems like an expensive real estate play, they do fill a market need.