By Jonathan Luttwak
April 16, 2020
- What WeWork did for small businesses and startups
- WeWork’s impact on the commercial real estate industry
- Will WeWork and other co-working firms survive and if they do, what will that look like?
- The potential consequences of a WeWork and broader co-working implosion for start-ups, small businesses, and commercial real estate
What WeWork Did For Small Businesses And Startups
WeWork significantly reduced the risk, time, and cost of office space for startups and small firms.
Service And Community
Meetings And Collaboration
It was a great value.
WeWork's Impact On The Commercial Real Estate Industry
- Making old, tired buildings cool
- Pushing the envelope on utilization and space standards
- Defined and popularized space-as-service business model
- Transformed tenant buying behavior and disrupted preconceived limits on flexibility in the workplace
- Changed the pre-built small space market
In key cities, WeWork quickly grew into a dominant tenant and improved the appeal of class B&C buildings.
They Pushed The Envelope On Density And Utilization Of Space
They Created The Space-As-A-Service Category
WeWork Changed Buying Behavior And Expectations of Flexibility
Their Impact On The Small Space Market
Will WeWork And Other Co-Working Firms Survive? If They Do, What Will They Look Like?
A Thought On Regus
The Potential Consequences Of A WeWork Or Co-Working Implosion
Startups And Small Business Activity At Risk
The Collapse Of An Ecosystem
Filling The Need For Flexibility In Real Estate
The Return Of The Small Space Market
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