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Could they ever generate positive cash flow doing it? They are leasing general office space and customizing it to mark it up? If that’s ever profitable to do w
by valuearb 6y ago
Could they ever generate positive cash flow doing it? They are leasing general office space and customizing it to mark it up? If that’s ever profitable to do won’t their biggest competitors be their own landlords?
I think WeWork is one of the biggest losers of the pandemic. They have a massive amount of lease obligations, likely biggest in the world, right at the moment leased office space became far less valuable.
Even as the pandemic eases, do you think being in a shared office environment with strangers is going to be popular? I can’t count on people wearing masks at a restaurant, do I really want to share with a never masker in an open floor plan when I don’t even have a door or a wall?