I agree that WeWork is more of a competitor for Regus and other exec suites/office business centers. I also agree there's plenty of room for independent coworking spaces.
But WeWork's success is going to impact the coworking and office as a service industry beyond simply being a competitor. Their business and financial success will drive increased interest in coworking and new entrants to the industry. We'll see more Big Coworking spaces being started, mimicking WeWork's success (Industrious is already an example) . We'll see more investor interest in coworking due to A list VC firm Benchmark's involvement in WeWork and their financial success. The real estate industry, which has been sniffing around coworking for years, will likely start to move much more aggressively into the industry. We'll also see more interest in coworking from local governments as more of them see it as an economic development tool. And, of course, we'll see more potential member interest in coworking. This will include greater interest from larger firms who (rightly or wrongly) often equate financial success with stability. All of this means new opportunities for existing coworking spaces. But it also likely means some new risks, especially from new entrants. -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
