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Real Estate is also a much bigger business than taxi cabs. The big bet on them I suspect is that any upcoming recession will probably lead to a lot of companie
by addicted 7y ago
Real Estate is also a much bigger business than taxi cabs.
The big bet on them I suspect is that any upcoming recession will probably lead to a lot of companies wanting to reduce their office costs. They may want to switch to WeWork managing their office spaces much like tech companies want to switch to Amazon Microsoft or IBM managing their IT infrastructure.
- laurentl 7y agoHave you seen WeWork’s prices? It’s much more expensive to host a team in WeWork than just about anywhere else (including in your own corporate headquarters). I can understand companies wanting to variabilize office costs, but the first thing they’ll do is launch an RfQ... and WeWork’s fancy offices and free beer are not going to be much help there.