Commercial property owners in WeWork joined a panel to discuss the impact of WeWork on the real estate industry. The Real Deal senior reporter Konrad Putzier moderated the discussion, which focused largely on the future of the rapidly growing company and how it has impacted the real estate industry. WeWork , Boston Properties of EVP described EVP as an aggregator, a consolidator of demand that would otherwise not be in the office marketplace given the difficulty faced by smaller tenants seeking deals. Powers stated it had been the most poorly serviced sector throughout his careers with landlords, brokers, lawyers and builders all reluctant to work for small tenants adding that WeWork had cracked the code and removed the stigma attached to having a co-working tenant in a building.
Commercial property owners in WeWork joined a panel to discuss the impact of WeWork on the real estate industry. WeWork , Boston Properties of EVP described EVP as an aggregator, a consolidator of demand that would otherwise not be in the office marketplace given the difficulty faced by smaller tenants seeking deals. Powers stated it had been the most poorly serviced sector throughout his careers with landlords, brokers, lawyers and builders all reluctant to work for small tenants adding that WeWork had cracked the code and removed the stigma attached to having a co-working tenant in a building.