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WeWork pulls out of talks to take on more Hong Kong space
Real Estate - APRIL 19, 2019

WeWork pulls out of talks to take on more Hong Kong space

by Andrea Zander

U.S. shared workspace group WeWork has pulled out of at least five negotiations in Hong Kong this year, after failing to get budget approval, reported Reuters.

Commenting on the general co-working space market, Savills head of office leasing Ricky Lau said too many were entering the market too quickly.

“The demand for co-working space is not catching up with the investment,” Lau said.

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