With the travails of WeWork nationwide and in downtown Orlando, as well as the September Chapter 11 filing of Regus, the question in these days of global pandemic is: How will the co-worker business model fare in the post COVID-19 world? Major publicly traded as well as smaller operators have reduced their real-estate office rent while small-business owners have done rather well through converting their home offices into remote tech centers with less overhead and infrastructure. And it’s safer too. Collaboration and social networking are still important, but at what cost? Challenging days lie ahead for coworking firms around the country.
Image source: logo’s from wework.com and Regus.com