Spoke to a few traditional office sales people and asked them about WeWork. All of them said the WeWork model was never going to work. WeWork caters to startup

Spoke to a few traditional office sales people and asked them about WeWork. All of them said the WeWork model was never going to work. WeWork caters to startups/small companies and individuals. This group of customers has the least amount of money to spend and is the most unstable. In addition, WeWork's average floor plan has way too much space not being used for desks. Contrast WeWork with a traditional office real estate company such as Regus. Traditional offices use nearly every inch of the floor plan for desks. They cater to profitable businesses or build custom floor plans for large corporates. The $/space and stability of these profitable businesses is what makes Regus profitable while WeWork never made any money. Anyways, I'm sad to see WeWork go. They converted VC money to nice offices affordable to startups and individuals. That era is ending now.