5 ms·
Maybe. They'll still need to invest quite a bit to get there though both in how their space is set up and their operating model. Right now empty co-working spac
by notsospecialk 5y ago
Maybe. They'll still need to invest quite a bit to get there though both in how their space is set up and their operating model. Right now empty co-working spaces are quite attractive, but as the get back to a capacity that's actually profitable for WeWork, they are essentially selling 1) occasionally sitting in close proximity to a bunch strangers that changes every time you go in (the day pass), 2) or nicely furnished/designed but overpriced priced reserved offices (monthly subscription). Companies (and probably workers too) are generally going to be cautious about #1 due to covid long after the dust settles, and #2 is just not a great deal regardless of who's fronting the bill.