2 ms·
Who the hell is signing 10 year leases? 5 is standard. And why don't you have a good relationship with the landlord? I've always been able to upgrade to a la
by mdorazio 7y ago
Who the hell is signing 10 year leases? 5 is standard. And why don't you have a good relationship with the landlord? I've always been able to upgrade to a larger space without needing to hold onto the previous lease long-term (just until another tenant is found).
Granted, if you need truly flexible amount of space on a sub-yearly basis (both up and down), WeWork or other co-los are a better model despite the huge price premium, but I genuinely don't understand the demonization of the traditional office leasing market that WeWork supporters bandy about.
- dannyw 7y agoWe are moving to a more flexible world, eg AWS. It’s not unreasonable to seek, prioritise and expect flexibility in office space. Why _do I_ have to sign a 5 year lease?
- manigandham 7y agoYou don't. There are tons of flexible space options and have been for a very long time. WeWork is nothing new, just an expensive and shiny veneer over existing services.