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Well people are actually using the offices so prices will go down if they backrupt but they'll catch up. It would feel like an adjustment and not a bubble burst
by pvarangot 7y ago
Well people are actually using the offices so prices will go down if they backrupt but they'll catch up. It would feel like an adjustment and not a bubble bursting.
- nugget 7y agoIt's anecdotal but I've been in half a dozen WeWork properties in the last 2 months and I've yet to see one more than 50% occupied. There were a couple buildings in Seattle that seemed almost empty.
- hobofan 7y agoDespite all their shortcomings (and I have ranted about them on here a lot in the past), the seem to have close to a 100% occupancy in Berlin. It does often look like they are less occupied though (partial empty offices) because the claim of "you can easily move to a bigger office" isn't true and companies rent offices that are bigger than they need them to be.
- magashna 7y agoBut what occupancy % is needed to do well? Considering you could easily pay rent with a 50% time occupancy AirBnB, maybe it's similar to WeWork.
- avemuri 7y agoPeople are using their offices on large discounts