Will COVID-19 Be The Death Of Coworking Spaces?
April 03, 2020
Even after the pandemic, the market for shared office space might remain soft, brokers say. Before this crisis, employees were beginning to question whether working in an open office plan was efficient, said Peter L. Curry, a partner at New York law firm Farrell Fritz. Add to that concern the possible health risks of being crammed together in office and that could have a substantial effect on the business model, he says.
“This could be a blow to the expansion of the ‘WeWork’ business model,” Curry said. “There will always be a need [for coworking space] but not to the extent that it was being leased and presented to the public.”
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