WeWork availability could stress saturated U.S. markets
A number of U.S. markets could feel the impact of WeWork’s setback as landlords wrestle with how to fill space in a cooling economic environment. This analysis is shared in Transwestern’s latest research report, Where WE Go From Here, which examines the extraordinary growth of the co-working sector, WeWork’s strategy and circumstances before and after its failed IPO, and practical considerations for stakeholders in markets with high WeWork saturation.
According to the study, when comparing co-working expansion to the growth of top industries nationally since 2015, co-working ranks ninth. Just prior to WeWork’s IPO, momentum in the sector accelerated dramatically, improving its ranking to sixth among all industries through the third quarter of 2019, and by itself accounting for nearly 8 million s