Yikes. Sitting at a WeWork right now... Love it, I often have an entire floor jus to myself. Many locations are ghost towns, some have entire floors shut down.
I have a personal WeWork subscription and love every bit of it. I travel a lot and can use any of the WeWork locations to get my work done. Far better than any cafe I would ever be able to find (obviously)
As a private, non corporate costumer, I’m sad to see them go.
“Ghost town” probably depends on your location and country. The ones here are sometimes so full that if you don’t book in advance, you can’t get a seat for on-demand
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.
Exactly. 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.
As a private, non corporate costumer, I’m sad to see them go.
“Ghost town” probably depends on your location and country. The ones here are sometimes so full that if you don’t book in advance, you can’t get a seat for on-demand