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Months ago, so many WeWorks around New York (where they have multiple dozens of locations, many spanning multiple floors) seemed quite, if not completely, empty
by gregsadetsky 3y ago
Months ago, so many WeWorks around New York (where they have multiple dozens of locations, many spanning multiple floors) seemed quite, if not completely, empty.
Especially the closed / private offices that they rent to companies - those just seemed dead. It seemed so wasteful and “obvious” that it couldn’t last?
The amenities they offer are pretty great, it’s comfortable, and there will definitely be less choice in terms of flexible places to work out of if they go under.
This all reminds me - I co-ran a small coworking space many years ago. Our first “good” year was making $18 in profit. We celebrated our non-losses because it was a big deal… it’s a really tough business to be in.