4 ms·
WeWork dominates the flexible office leasing business any many large and important markets around the world. It would be difficult and perhaps impossible to rep
by pbreit 7y ago
WeWork dominates the flexible office leasing business any many large and important markets around the world. It would be difficult and perhaps impossible to replicate what WeWork has achieved. And since it can make money at 50-80% occupancy rates, there's a massive profit opportunity.
- goatinaboat 7y agoIt would be difficult and perhaps impossible to replicate what WeWork has achieved Well, apart from that IWG had already achieved it, of course.
- pbreit 7y agoRegus has taken 30 years to become much smaller than WeWork.
- manigandham 7y agoIWG is bigger than WeWork in every metric (sq footage, members, locations, and revenue) in 2018. Anyone can grow fast by spending easy money without any need to earn a profit. What does that prove exactly?
- manigandham 7y agoIt's been done for a century before and has 2 major profitable companies with sound and proven financials. WeWork is absolutely nothing new, the industry already knows what the optimal numbers need to be and WeWork is nowhere near them to ever be a profitable business in its current form.