{"id":102361,"date":"2018-12-18T13:59:41","date_gmt":"2018-12-18T06:59:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/wework-aims-to-cut-rental-costs-through-revenue-sharing-leases-but-can-it-persuade-hong-kongs-landlords\/"},"modified":"2018-12-18T15:04:03","modified_gmt":"2018-12-18T08:04:03","slug":"wework-aims-to-cut-rental-costs-through-revenue-sharing-leases-but-can-it-persuade-hong-kongs-landlords","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wework-aims-to-cut-rental-costs-through-revenue-sharing-leases-but-can-it-persuade-hong-kongs-landlords\/","title":{"rendered":"WeWork aims to cut rental costs through revenue-sharing leases \u2026 but can it persuade Hong Kong\u2019s landlords?"},"content":{"rendered":"


\nHow do you keep costs down if you want to aggressively expand your business in the world\u2019s most expensive office location?
\nUS co-working space provider WeWork thinks it has the answer. It will try to persuade Hong Kong\u2019s commercial landlords to enter into revenue-sharing arrangements as it takes up new locations.
\nIf it is able to convince landlords to shift away from the conventional fixed-rent model, everyone stands to gain, according to Christian Lee, managing director of WeWork…
\n
\nSource : South China Morning Post
\nRead more…WeWork aims to cut rental costs through revenue-sharing leases \u2026 but can it persuade Hong Kong\u2019s landlords?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

How do you keep costs down if you want to aggressively expand your business in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102361","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qCZ","jetpack-related-posts":[{"id":116295,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wework-dumps-about-fifth-of-coworking-space-in-breach-of-leases-signed-with-major-hong-kong-landlords\/","url_meta":{"origin":102361,"position":0},"title":"WeWork dumps about fifth of coworking space, in breach of leases signed with major Hong Kong landlords","date":"May 13, 2020","format":false,"excerpt":"\r WeWork, the US real estate firm, is returning about 20 per cent of its Hong Kong premises to their owners, as start-ups, small enterprises and other short-term tenants failed to take up its offering of shared working space in the city.It has given up 182,000 sq ft in Causeway\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-co-working-office-provider-wework-to-open-in-hong-kongs-causeway-bay\/","url_meta":{"origin":102361,"position":1},"title":"US co-working office provider WeWork to open in Hong Kong\u2019s Causeway Bay","date":"August 31, 2016","format":false,"excerpt":"\r US based co-working office provider WeWork, which counts Legend Holdings among its financial backers, will launch its service in Hong Kong on Thursday to tap growing demand for flexible lease terms in the world\u2019s most expensive office market.\r \r Source : South China Morning Post\r Read more...US co-working office\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wework-landlords-exposed-to-40bn-in-rent-commitments\/","url_meta":{"origin":102361,"position":2},"title":"WeWork landlords \u2018exposed to $40bn\u2019 in rent commitments","date":"August 19, 2019","format":false,"excerpt":"\r Property owners have limited recourse if office space provider fails to pay rent\r \r Source : ft.com\r Read more...WeWork landlords \u2018exposed to bn\u2019 in rent commitments","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wework-a-problem-for-landlords-in-downturn-centersquares-scott-crowe\/","url_meta":{"origin":102361,"position":3},"title":"WeWork a problem for landlords in downturn: CenterSquare's Scott Crowe","date":"September 21, 2019","format":false,"excerpt":"\r Scott Crowe, CenterSquare Investment Management, and CNBC's Steve Liesman join 'The Exchange' to discuss the Fed's Rosengren's comments on the co-working space model creating a potential risk.\r \r Source : cnbc.com\r Read more...WeWork a problem for landlords in downturn: CenterSquare's Scott Crowe","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-office-landlords-are-lifting-the-bar-on-creditworthiness-as-more-commercial-tenants-walk-away-from-leases\/","url_meta":{"origin":102361,"position":4},"title":"Hong Kong\u2019s office landlords are lifting the bar on creditworthiness as more commercial tenants walk away from leases","date":"January 8, 2019","format":false,"excerpt":"\r Commercial landlords in Hong Kong, who own some of the world\u2019s most expensive offices, are doubling or tripling the money that tenants must put down as deposit, as a downturn in business sentiment and tightening liquidity in China have led to several cases of renters reneging on leases. Tenants\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wework-is-said-to-consider-giving-up-some-of-the-office-floors-in-half-a-dozen-hong-kong-locations-as-it-pulls-back-its-operations\/","url_meta":{"origin":102361,"position":5},"title":"WeWork is said to consider giving up some of the office floors in half a dozen Hong Kong locations as it pulls back its operations","date":"November 6, 2019","format":false,"excerpt":"\r WeWork, the cash-strapped co-working company whose IPO failed, is weighing giving up office floors in at least half a dozen locations in Hong Kong, one of the world\u2019s most expensive property markets.New York-based WeWork is considering surrendering a portion of a recently signed lease in Wan Chai, near Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102361"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102361"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102361\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}