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It’s pretty obvious to me that WeWork, the brand, is going nowhere. With commercial real estate prices crashing and shift to hybrid work, this is actually the
by fairity 3y ago
It’s pretty obvious to me that WeWork, the brand, is going nowhere. With commercial real estate prices crashing and shift to hybrid work, this is actually the perfect time for WeWork’s business model to take off.
The problem is they’re locked in long term leases that haven’t reset to today’s prices - an unnecessary cost base that wework will free themselves of through bankruptcy.
If I had to guess, after going through bankruptcy, wework (or a direct competitor) will re-emerge as a billion dollar company. If I had time, I’d be looking into taking over their office spaces myself.