Re:WeWork to Sell $500M of Bonds in Debut Sale
by tptacek on Tuesday April 24, 2018 @01:12PM
(#16914507)
We paid less for WeWork in Chicago than we did for a private office in a relatively bad location, even before counting Internet and utilities, and got a month-to-month renewable lease to boot. WeWork is a lot of annoying things, but I don't think "terrible deal" is one of them. You can do better if you look (we're not there anymore), but it's a good satisficing default.
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Re:WeWork to Sell $500M of Bonds in Debut Sale
by uhnuhnuhn on Tuesday April 24, 2018 @02:43PM
(#16915414)
Really depends on your location. WeWork Berlin has absurd prices for the local market. The city already had plenty of great coworking spaces at half the price long before WeWork showed up.
Re:WeWork to Sell $500M of Bonds in Debut Sale
by badestrand on Tuesday April 24, 2018 @04:21PM
(#16916175)
Yes. I am digital nomading and the coworking in major cities in developing countries usually cost usd 100/mo, including free water, coffee and events. The WeWork places I checked were 2x-3x the costs and I can't imagine them to be that much better.
Having said that, 80% utilization is great and maybe catching all the premium market will work.