WeWork has become the largest office real estate company that doesn’t own the buildings they license to their clients – this fact could turnout to be their achilles heel
WeWork’s business model is very simple — rent space in great buildings, build the space out for office use, and then license offices and/or desks to various sized companies in various industries. Today the company has over 234 locations across the globe and they excel at creating amazing office environments for their customers. WeWork recently raised more than $4 billion after a string of smaller (but still very big) funding rounds.
It is time for WeWork to take advantage of the world we’re living in and starting buying the buildings they occupy before it is too late. Coworking is here to stay and the only question left to answer is who will own it.
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