Re:New York State Attorney General Investigating WeWork
by sk5t on Tuesday November 19, 2019 @09:02PM
(#21580477)
I'd be interested to know your reasons for supposing We might or may have amassed proprietary insight into RE markets or even something like how to improve office layouts, or even how to optimize the fluid dynamics of beer taps.
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Re:New York State Attorney General Investigating WeWork
by samstave on Tuesday November 19, 2019 @11:21PM
(#21581058)
Square footage cost realities, contract negotiations, market norms in price, such things...
Im not saying they DO have such insight, but if they have zero, or negative insight - well, then it goes more to say about those who invested in them doesnt it?
Re:New York State Attorney General Investigating WeWork
by seanhunter on Wednesday November 20, 2019 @05:15AM
(#21582575)
Commercial real estate is a very active, competitive and generally well-understood business. Not sure WeWork would have insights over and above say Regus given that WeWork were not able to build a sustainable business at the pricing levels they had. So while we have a price point for flexible co-working rental it's not a level which allows for profitable unit economics. We don't (publicly) know whether the clearing price does or what that price is and neither do WeWork. Someone like CBRE or Regus might though.
Re:New York State Attorney General Investigating WeWork
by samstave on Wednesday November 20, 2019 @10:59AM
(#21584980)
good points, thank you.
Re:New York State Attorney General Investigating WeWork
by kevin_thibedeau on Tuesday November 19, 2019 @10:05PM
(#21580775)
The meatless movement can finally put an end to Marsha cooking fish in the microwave.