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Sorry, i should have been more specific.. i'm talking about the 6 person company the OP was on about (assuming they get a private office for 6 people) as oppose
by morrbo 7y ago
Sorry, i should have been more specific.. i'm talking about the 6 person company the OP was on about (assuming they get a private office for 6 people) as opposed to just one singular person here. From what i can see in my cursory googling and previous experience looking for offices, wework still comes out a lot lot more for a lot less.
- freehunter 7y agoAh yes I missed that part, sorry. I guess that if WeWork is month-to-month, it might be better to size up or down as opposed to a three year lease?
- unreal37 7y agoWell the theory is this. Company X wants to open an office in London. But they don't know much about real estate, and don't have time to search around for offices, sign a multi-year lease, or get furniture. But they can sign a deal with WeWork that gets them a 6-person enclosed office that they can move into tomorrow. So you pay a premium to avoid the hassle of doing it yourself. Much like anything in life. And if the expansion into London doesn't work out, they cancel the month-to-month lease with WeWork and their financial exposure is finite. You can't just walk away from a 3-year office lease.