馃彚 As an early investor in WeWork, I understood the power of community and connectivity in the tech industry.
馃寚 WeWork took a building in lower Manhattan after sandy and rented it as their first New York City location.
馃椊 Despite the noise surrounding WeWork and co-working, it only makes up about 1% of the entire New York City market.
馃彚 The co-working sector makes up about 3% of the total real estate market.
馃實 Despite concerns about the real estate market, co-working spaces have had a positive impact on real estate values.
馃捈 Co-working is an important and sustainable component of our city and country's ecosystem.
馃捈 The question for landlords is whether to lower rent for struggling tenants or find a service provider like WeWork.
馃彚 Most WeWork spaces are well occupied with high occupancy rates.
馃挕 Consider hiring a service provider to manage empty space.
馃挕 Co-working is a concept where people work together in shared spaces.
馃彚 WeWork's business model involves taking long-term leases and offering short-term leases to individuals and companies.
馃攽 Flexibility and convenience are driving the demand for co-working spaces.
馃彚 Landlords are adapting to the evolving needs of tenants in the co-working space by offering a range of choices, including long-term leases and flexible short-term space.
馃實 Around the world, buildings are transforming their business models to include amenities like co-working spaces alongside traditional long-term leases, reflecting a shift in how people approach work.
馃捈 Companies are now focused on attracting and retaining employees by providing fully amenitized buildings with features such as food, wellness facilities, conference centers, and outdoor spaces.
馃彚 WeWork's business model raised office rents in various locations.
馃搱 Supply and demand factors have influenced New York City real estate prices.
馃捈 Companies now have more options for office space in different areas.
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