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by chrisseaton 2465 days ago
Have you ever been in a Regus office? They're horrible spaces. They don't get it. WeWork is a lot nicer. That's why they're worth a lot more.
4 comments

I'm probably in the minority but I find WeWork spaces horrible - just a collection of fishbowls. I can't get out of there fast enough.
Yes, I did rent an office from Regus a few years ago... and it did look horrible!

But for the difference in valuation, that's an easy thing to do in a LBO: Hire a Chief Design Officer!

Thanks to WeWork maybe, their new offices are better: https://www.regus.co.uk/offices/united-kingdom/county-edinbu...

I've been a few times in different locations around the world. They were blander than WeWork and had about the same level of community. It was just an office. WeWork branded itself as something special... it isn't. It's a slightly nicer looking office (with beer* maybe). Regus is profitable and has a valuation in line with what they do. WeWork... doesn't.
Yeah. Regus offices are dreadfully bland. Also, they nickel and dime you for every little thing (you want an hour of wifi for that meeting room you booked? it's going to cost you...). Regus is also very expensive, as office space goes.
This could be due to the fact that margins are slim and they're trying to make a profit?