![]() By 2021, it had established over 800 locations worldwide.Īround 40% of WeWork clients are large or enterprise clients, but 80% of its space is used by small or individual businesses. However, you’ve probably still heard of the WeWork name – and it’s likely not all been good things.įounded by Adam Neumann and Miguel McKelvey in 2010, WeWork’s “Do What You Love” ethos appeared to be ushering in a new era of office working focused on modern, open common spaces and a sense of community. You might be new to the coworking market, or still learning about the business model and how it works. Looking to save time? If you’d like a helping hand with finding your ideal flexible office space, we’ve designed a simple cost comparison form to give you tailored quotes from providers across the UK, so you can find the right solution for your region. The below guide will take you through the true state of WeWork in 2023, as well as help you to understand the alternative workspaces and options available, so you can decide on a coworking space that is truly the best for your small business – rather than the just biggest name you’ve heard of. But WeWork's meteoric rise, followed by a humiliating loss of face, has tarnished the brand, leaving many entrepreneurs concerned about the security of its business model. In August, the company admitted to “substantial doubts” over its ability to stay afloat, causing shares to drop significantly.Īppetite for coworking spaces is at an all-time high, as the real estate sector caters to big post-pandemic priorities such as flexible office space and shorter leases. Reputational controversies have coincided with a dramatic decline in value. ![]() But it’s had a huge fall from grace since a failed initial public offering (IPO) in 2019. ![]() WeWork was once one of the real estate industry’s biggest names.
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