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>> No such lock-in exists with WeWork. In fact the entire reason for WeWork's existence is it doesn't have lock-in. This isn't true for their expanding custome
by icelancer 7y ago
>> No such lock-in exists with WeWork. In fact the entire reason for WeWork's existence is it doesn't have lock-in.
This isn't true for their expanding customer base: Businesses who are paying for blocks of co-working memberships to expand through services rather than finding new leases themselves. There is significant lock-in when this occurs, as people may move close to those WeWork locations, arrange their life around it, etc.
- mtremsal 7y agoThat's also my understanding of their pitch; have we seen any evidence it's actually happening?
- icelancer 7y agoAnecdotally in Seattle it is absolutely happening. My small business is one of many that is expanding into these short-term spaces due to flexibility. Who knows if it's actually working well, but I've seen many "sub-offices" at the co-working space where I lease two desks for my employees.