Property News · July 24, 2019

As co-working spaces colonise cities, are workers paying the price? | Filipa Pajević


As businesses look to save money and space, providers such as WeWork are booming. But co-working is not all it’s cracked up to beCo-working isn’t just booming – it’s taking over our cities. The co-working space provider WeWork is the biggest occupier of office space in London after the government. It has surpassed JP Morgan as the top commercial real estate holder in New York. This week we learned it is being paid £55m in “inducements” to fill Brexit-related office vacancies in Canary Wharf.It’s not just WeWork. Amsterdam-based Spaces (Regus’s answer to WeWork) just unveiled 9,000 sq ft of co-working spaces in New York’s Chrysler building and is speedily adding new locations across Eastern Europe and Asia and the Pacific to its already impressive arsenal. Continue reading…

Source : theguardian.com
Read more…As co-working spaces colonise cities, are workers paying the price? | Filipa Pajević

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