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What would be the alternative for small companies who want to have some kind of space to co-locate? If they feel like they can't afford something like We Work,
by i_cant_speel 7y ago
What would be the alternative for small companies who want to have some kind of space to co-locate? If they feel like they can't afford something like We Work, they probably aren't willing to commit to a dedicated office space.
Also, it isn't just tiny startups that are using We Work. The article stated that 40% of their revenue comes from large enterprises. The money will be much slower to dry up for the large, established companies.
- vichu 7y agoYou do realize WeWork doesn't have a monopoly on shared office spaces? In fact, they aren't even the biggest player in the space - Regus is.
- i_cant_speel 7y agoYes I'm aware they aren't the only ones. The person I responded to is implying that total demand for coworking spaces would fall, and I was asking what the alternative would be.
- secabeen 7y agoSome possibilites: -- Home offices for employees that can have one. -- Move remote employees into corporate HQ or other existing offices, lay-off employees who refuse.
- intuitionist 7y agoTFA implied that WeWork has more desks than IWG since the end of last year.
- Gene_Parmesan 7y ago> What would be the alternative for small companies who want to have some kind of space to co-locate? In a recession? Probably remote work. A small startup that's running into cashflow problems, and who has no dedicated office space -- coworking spaces seem like the first overhead expenditures to get cut.
- ithinkinstereo 7y agoDuring a recession: Individual contractors and small teams (<10) will likely go back to working from home or out of cafes. Larger, enterprise teams will have more, and better, options and may cut expenses by downgrading to cheaper accommodations either via less "hip" direct competitors (Regus) or taking on cheap/discounted leases directly.