WeWork’s Once Robust Cash Reserves Have Dwindled, Raising Chances of Default

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by flutas on Friday December 16, 2022 @01:31PM (#34018222)

> For less I was able to find an office space that was closer to my house, owned and operated by a local company, and was larger.

Any tips on that? Currently looking for a place locally and it feels impossible. But this could be due to market size (city of ~200k).

[ Parent | on HN ]

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by djbusby on Friday December 16, 2022 @01:43PM (#34018380)

They're not called co-working space. They're just regular old small office building. They typically don't have a flashy website, so you have to find them the old way. They may be on CraigsList or even LoopNet

[ Parent | on HN ]

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by jnwatson on Friday December 16, 2022 @01:55PM (#34018518)

Just Google “executive suites”.

The WeWork business model has been around for decades.

[ Parent | on HN ]

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by ok123456 on Friday December 16, 2022 @02:06PM (#34018631)

Regus is a chain that has been doing this exact thing. I worked at a startup that used one of those. A lot of the other tenants were lawyers in solo practice.

[ Parent | on HN ]

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by mgkimsal on Friday December 16, 2022 @02:04PM (#34018611)

Town of 40k here - we have 3 coworking spaces. I started the first one - just leased a small office building, and started subleasing spaces. Some private office space, some shared public/hotdesk seats. We're small - 12-15 people at a time, max. The others came later, and are larger, but we're all within a 5 minute walk from each other.

[ Parent | on HN ]

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by bobulous on Friday December 16, 2022 @02:06PM (#34018629)

Their hot-desk monthly membership is around $300 without discounts. Not cheap but probably cheaper than most dedicated office rents.

[ Parent | on HN ]

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by reaperducer on Friday December 16, 2022 @03:59PM (#34020280)

Their hot-desk monthly membership is around $300 without discounts. Not cheap but probably cheaper than most dedicated office rents.

Depends. The one thing that WeWord did was locate itself in the better, more desirable, more visible business districts.

If you don't mind having a Sam Spade-style office, you can rent one far cheaper than that. I almost leased one in Seattle's Chinatown for $100/month, but ended up getting a free sub-lease from a friend with extra room at his company in a downtown skyscraper.

[ Parent | on HN ]

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by chrisandchris on Saturday December 17, 2022 @06:02AM (#34026764)

Meanwhile in Switzerland, you'll pay around $500 for a hot desk if you want to be at least a bit in the city center/habing a nicer room.

Probably won't get something much cheaper if you'll want something that is nicer than your kitchen table.

[ Parent | on HN ]

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by stusmall on Friday December 16, 2022 @02:09PM (#34018672)

I've used pivotdesk for this. It isn't available in all markets but it works well where I am.

[ Parent | on HN ]

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by bcrosby95 on Friday December 16, 2022 @02:47PM (#34019281)

I live in a city of ~160k and there's a fair amount of them.

They vary from larger 4-5 story office buildings with some shared space, to small single story parks with no shared space - usually with a door and a garage door to the outside.

For a period of time a friend let me use the front of the space he was renting - he was using it as a warehouse for his ecommerce shop. He employed about 3 or so people who would pick & pack orders to be shipped.

[ Parent | on HN ]