Judging by the number of coworking spaces near me, many of which seem to be pretty full, I'd be surprised if the business model is the issue. It seems like WeWo

Judging by the number of coworking spaces near me, many of which seem to be pretty full, I'd be surprised if the business model is the issue. It seems like WeWork just got stuck paying long term leases originated in 2010-2020 but is now operating in a new world where commercial real estate is much less valuable. I know WeWork has plenty of haters, but the idea of an international chain of coworking spaces makes a lot of sense. Where I live, I see lots of major companies opening up small satellite offices in WeWorks. I assume that they work out large deals for a bunch of small spaces around the county (or world) and that's preferable to negotiating with lots of separate locally owned coworking spaces. Meanwhile, if you are a fortune 500 and want to open a small office in Houston or Dublin, you don't need to sign a long-term lease and you can scale up or down as needed. That seems like something that'd be worth paying a premium for.