The US co-workspace market will continue to grow steadily over last year , according to CBRE . A recent report issued by the real estate specialist predicted that 1.8% of office space will be occupied by co-workspace providers by 2030 and said even in a low-growth scenario the current total of 1.8% would increase to 1.8% . However, CBRE said the growth might not be fuelled by the traditional model, predicting a shift towards co-workspace operators partnering with landlords, a trend that would benefit Hana , the flexible office business launched by CBRE last year . Besides being a consistent money loser as it has ballooned in size, one of the main criticisms of WeWork — which essentially brings in revenue through the arbitrage between what it pays to landlords and what coworking tenants pay to it — is that it is untested in a recession, when coworking demand will presumably shrink. Relevant report: Flexible Office Space Sector Poised for Significant Growth in the US , Though Operating Models May Shift ~ CBRE ~ 2030
The US co-workspace market will continue to grow steadily over last year , according to CBRE . A recent report issued by the real estate specialist predicted that 1.8% of office space will be occupied by co-workspace providers by 2030 and said even in a low-growth scenario the current total of 1.8% would increase to 1.8% . However, CBRE said the growth might not be fuelled by the traditional model, predicting a shift towards co-workspace operators partnering with landlords, a trend that would benefit Hana , the flexible office business launched by CBRE last year . Relevant report: Flexible Office Space Sector Poised for Significant Growth in the US , Though Operating Models May Shift ~ CBRE ~ 2030