Landlords With Empty, Costly Coworking Spaces Need To Spend Even More To Fill Them Again

Last year, one in five North American coworking locations either closed down or changed hands, according to a January report by coworking listing site Upsuite, leaving landlords to deal with a 25M SF fallout.

Many coworking and flex office operators fill their spaces with large, open floor plans, surrounded by offices as small as 80 SF. Their build-outs can cost up to 25% more than a traditional office takes to construct, experts say. The money landlords spent to attract Regus, WeWork and others, only to have them give up their spaces, has turned into a sunk cost...
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RSK: Again, workers will not want to use office or co-working space unless they are fairly assured it is safe.