News that WeWork launched WeWork Space Services has rocked the real estate investment sector despite the company 's claim it 's not a brokerage . Many are nervous about introducing clients to WeWork , concerned they will be cut out of subsequent transactions when the client expands or moves . Google , which is launching the new leasing space service at companies with 250 or fewer employers , does n’t appear to be going after brokers ' fee revenue . Rather , the move is designed to keep tenants within its growing market . Nevertheless , it 's feared that given WeWork ’s size , the service will have an impact on brokerages .
News that WeWork launched WeWork Space Services has rocked the real estate brokering sector despite the company's insistence it's not a brokerage. Many are nervous about introducing clients to WeWork, concerned they will be cut out of subsequent transactions when the client expands or moves. WeWork, which is targeting the new leasing advice service at companies with 250 or fewer employers, doesn’t seem to be going after brokers' fee revenue. Rather, the move appears designed to keep tenants within its growing ecosystem. Nevertheless, it's feared that given WeWork’s size, the service will have an impact on brokerages.