Manchester's WeWork Headache/Opportunity
WeWork postpones IPO but its floorspace could be useful to Manchester if the company doesn't need it
WeWork postpones IPO but its floorspace could be useful to Manchester if the company doesn't need it
While COVID-19 is putting managed office providers through the ringer, it probably won't destroy long-term demand.
WeWork has said it will lease at a slower pace in the next few quarters as it chases profitability.
Central Working had a good brand and big revenues, but it could not sustain itself as a loss-making business.
Agile office space hopes to give coworking and traditional office concepts a run for their money.
Miguel McKelvey said making the call to step down from WeWork is one of the "most difficult decisions" of his life.
Convene says it will provide furloughed workers with health insurance.
The company is operating
The COVID-19 pandemic has wreaked havoc on the global economy, forced millions of people into unemployment and could have a long-term impact on coworking.
WeWork and Knotel have been financially strained since before the coronavirus hit, but missed rent payments suggest the situation may be becoming more dire
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