The growth of WeWork Space Services signals a refocus towards " underserved " mid - size companies . “You’re going to start to see us do more and more stuff that’s going to target this business segment,” said WeWork’s chief growth officer David Fano. It has recently taken leases on smaller properties more suited to companies with between 10 and 250 employees that make up the largest chunk of the space market and tend to move more often than larger firms . Michael Hershfield , head of WeWork ’s medium business segment , said that the new strategy is in response to the growth of competitors such as Knotel , despite offering a one - month rent holiday to tenants moving from competing co - workspace firms in New York .
The growth of WeWork Space Services signals a refocus towards " underserved " mid - size companies . It has recently taken leases on smaller properties more suited to companies with between 10 and 250 employees that make up the largest chunk of the space market and tend to move more often than larger firms . Michael Hershfield , head of WeWork ’s medium business segment , said that the new strategy is in response to the growth of competitors such as Knotel , despite offering a one - month rent holiday to tenants moving from competing co - workspace firms in New York .