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Wework are overcapacity for all locations here in Toronto while the off brand nearby coworking spaces still have lots of space. I have been hearing similar news
by ankitml 8y ago
Wework are overcapacity for all locations here in Toronto while the off brand nearby coworking spaces still have lots of space. I have been hearing similar news from friends living in other cities as well. All agree about vibe and good-feel of wework compared to blandness of knock offs.
- joshuak 8y agoThis. Exactly this. It's the intangibles. Comparing price / sq ft is like comparing the performance of Mac and Pc. I have a single private office at WeWrok in downtown LA for $650. Is that a good deal or bad deal? Do you feel like you need to ask me what size my office is to answer? If you do then you fundamentally misunderstand what WeWork is selling. Yes WeWork buys square footage, but that is not what they are selling. Google does not sell search (eyeballs), Amazon does not sell products (logistics), Github does not sell code storage (collaboration), and Apple does not sell computers. This holds true for every successful company in the world until the innovators dilemma[0] overtakes them. It's meaningless to compare sats. [0]: https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma