CBRE, After Launching WeWork Competitor, Forecasts Coworking Shift

A new report from CBRE predicts that the market for U.S. coworking space will continue to expand robustly over next decade, despite any coming recessions. The report`s high-growth scenario has as much as 22% of office space occupied by coworking entities by 2030, and even the low-growth scenario puts the total by then at 6.5%, up from the current 1.8%.

Much of that growth might not be by the coworking model pioneered during this decade by WeWork and others, the report also says. CBRE predicts a shift in the industry toward partnerships between building landlords and coworking companies, rather than coworking companies being tenants that then sublease...

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RSK: Someday owners will get smart and start managing their space and cut out the middle man like WeWork! That would be going back to the old model. Is it safe to say WeWork is just a managing and subletting company? We`ll see how they do in their IPO and then the recession.