What WeWork’s stumble means for the design of co-working spaces

WeWork represents one-third of all flexible office space in the US according to CBRE, while an analysis by Jones Lang LaSalle Inc. indicates that it is the biggest private-sector tenant in London, New York City and Washington. Competitors will be looking to learn from the company’s recent 83 per cent decline in value following its aborted IPO. And while the majority of these are tied to the overall business strategy, they extend to how WeWork outfitted its property portfolio. ‘Experiences, amenities, aesthetics – that is important to a certain point,’ Julie Whelan, head of occupier research at real estate services firm CBRE, told Recode. ‘But what’s really driving people to the space is flexibility, speed to market, and capital deferral.’

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