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I can echo the sentiment of "ghost town" in several WeWork locations from the outside, and many corporate spaces too. I think the fundamental problem is they o
by 1letterunixname 3y ago
I can echo the sentiment of "ghost town" in several WeWork locations from the outside, and many corporate spaces too.
I think the fundamental problem is they over-expanded too quickly and charge too much, leading to an oversupply of locations and a huge pile of leases in the debt column. They're glorified Regus and drank their own KoolAid that they were a unicorn rather than a business.
- cyanydeez 3y agoBasically, location location location. Technology is not going to improve where people are and aren't willing to commute.
- 1letterunixname 3y agoExactly. Don't over-expand into random, dead-end, low-traffic strip malls. There is a WeWork location here that I've never seen a single occupant in because it's on a university campus between dorms and outside dining, and the lights are always off. Another Webvan/Worldcom perhaps.