Hacker News new | past | comments | ask | show | jobs | submit login

Wework is still a great investment because Wework is doing well in Japan \s.

Pay no mind that:

> WeWork entered Japan when office vacancy rates were near a decade low. The supply has tightened since to around 1%, a level not seen since the 1990s, allowing landlords to raise rents, while requiring a deposit of as much as a year’s rent.

They've got a great new product too:

> The new Passport service would give tenants flexible use of desks, community spaces and meeting rooms, amenities for which visiting customers currently have to pay extra. The service is a work in progress, but if adopted, WeWork aims to set aside a certain number of desks at all locations for Passport users, the people said. The move is aimed at increasing occupancy, the key to making locations profitable.

And forget that:

> Moreover, SoftBank itself has been a big contributor to that high level of occupancy. The Japanese conglomerate and its subsidiaries take up about 20% of WeWork’s office space in Japan, the people said. Over the years, WeWork pushed its locations worldwide to attract corporate clients because those contracts are more lucrative and stable. But Japan had a higher proportion of enterprise customers from the start, beating the 40% global average.






You missed that they have new heatmaps of office occupancy, which somehow mean that they are developing competencies in “AI.”

At least the layoffs will be humane!


The new Passport service would give tenants flexible use of desks, community spaces and meeting rooms, amenities for which visiting customers currently have to pay extra.

Ahh, those blokes came up with something, which IWG (Regus) offers for decades for a much lower price minus the "cool" factor?




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: