WeWork is preparing to open its 2nd co-working location in Shanghai, in a newly-renovated commercial building in the trendy Jing An district. The space is said to be already 60% leased and will open in June; it will differ from WeWork set ups in America, which focus on communal spaces, as it is anticipated that the Chinese market will have a stronger demand for small, private offices. Chinese real estate newsletter, Mingtiandi, warns that WeWork is going up against “a number” of already established, local competitors.
WeWork is preparing to open its first co-working location in Shanghai, in a newly-renovated commercial building in the trendy Jing An district. The space is said to be already 60% leased and will open in June; it will differ from WeWork set ups in America, which focus on communal spaces, as it is anticipated that the Chinese market will have a stronger demand for small, private offices. Chinese real estate newsletter, Mingtiandi, warns that WeWork is going up against “a number” of already established, local competitors.