Coworking industry tracker cites concern over increased competition, overvaluation, and Regus’ plunge in value
by Kate Lister
The coworking industry is getting more competitive. Recent examples include stories about coworking spaces offering of a year’s free rent to prospective tenants, reports of coworking spaces spying on competitors and coworking spaces closing down due to growing competition.
Some are questioning the sustainability of co-working with Regus’ reporting a loss of 1/3rd their marketing value, a WSJ article likening WeWork’s $20 Billion valuation to “pixie dust,” and increased competition traditional office buildings, libraries, and coffee shops.
Internal survey show federal telework recall has devastated morale and failed to increase collaboration or productivity
03 Dec 2019 - scoops