Could WeWork Survive a Downturn?
WeWork’s meteoric rise shows no signs of slowing down. The company is valued at $5B, has leased more than 3M SF of office space worldwide and continues to attract top talent to its ranks. But how would WeWork fare in the next downturn? According to a report from The Real Deal, WeWork seems well-positioned based on its fast-growing customer base, large cash reserves and favorable relationships with landlords. Some landlords provide discounts to the company because of the length of its leases and space commitments, while others have said that WeWork shapes their design decisions. [TRD]