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by TuringNYC
2436 days ago
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>> US commercial real estate market by revenue is ~$1.1T [0]
>> Office space by value is about 1/8th [1] I'm a big fan of the WeWork concept, not commenting on specifics of how the business was run. The way things worked in the past was just silly -- you signed a multi-year lease with no elasticity. I paid WeWork for personal space before and now my employer pays. It is expensive, but only on a unit basis. The model totally makes sense to me as a purchaser. I guess the WeWork risk is the buy-long sell-short model which is always risky unless you are earning sufficient spread. |
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