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> I mean, imagine I'm an employee of BigBank in BigCity. Companies like BigBank will have offices in dozens of cities around the world with frequently shifting
by treis 7y ago
> I mean, imagine I'm an employee of BigBank in BigCity.
Companies like BigBank will have offices in dozens of cities around the world with frequently shifting office needs. A WeWork type company can definitely fill a role for them. But that niche is already filled and it's a tough business. At this point WeWork is renting out space for less than they paid for it. Obviously that's good for market share but not a good sign for long term viability.