The business model is untested, they cried. You need to see how it performs in a recession, they said. The flexible office space had not seen a downturn before. Well boy, it has now. And so far, it has performed better than a lot of people expected.
It is early days, of course, and this crisis still has some (maybe even years of) distance left to run. But data drawn together by Bisnow shows the flexible office business model has had resilience in the face of a perfect storm of problems, and that demand is starting to return.
...moreRSK: It will be back. It is a growing trend even though it may have slowed a bit, it will come back. I`d even say WeWork will come out stronger especially with its new management team.
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- - Volume: 8 - WEEK: 24 Date: 12/3/2021 6:11:39 PM -