Brokers Don’t Need To Be Worried About WeWork’s New Leasing Business (Yet)

When a business with the size, money and ambition of WeWork comes onto your patch, you sit up and take notice.

That is why the leasing brokerage community was all ears at the news that the flexible workspace giant had launched a new division, WeWork Space Services, which would provide leasing advice to small and midsize enterprises leaving WeWork space and moving into office space outside of its portfolio.

The service is not a brokerage, WeWork insists. But in providing advice to tenants on their general leasing needs, it is clearly moving into the tenant representation world....   ...more

RSK: Don`t worry yet? That is like saying even though you are in the path of a hurricane, don`t worry about it till it hits you. Be prepared people. But in reality, it will only serve a small portion of the market like any other brokerage.