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The US unemployment is currently about 15%, up from some 3-4% that it was in the previous months. I wonder if there will be an effects on office space demand, a
by eequah9L 6y ago
The US unemployment is currently about 15%, up from some 3-4% that it was in the previous months. I wonder if there will be an effects on office space demand, and thus its price. Maybe it will become not as hugely expensive?
- palsir 6y agoAlso when WeWork inevitably dies in a fire, all of their real estate will come onto the market.
- dougmwne 6y agoWeWork is the most vulnerable here. Since they were selling flexibility, many many companies that temporarily have no need of office space are going to quickly jettison their WeWork subscriptions and leases. What reason do they have to keep paying? They can always re-subcribe once things go back to "normal". In the meantime WeWork will burn.