That's right. A friend of mine sells premium offices and he's been saying WeWork's business plan made no sense at all for as long as I can remember.

Basically, in any premium office, you want to maximize the space for as many high value desks as possible. WeWork often spends a huge part of its space for perks and temp desks. In addition, WeWork attracts the startups/small business/solo crowd and those are far less stable customers than your money making enterprises.

He was sure that WeWork had no future. He was right.