Covid-19 Forces Co-Working Firms to Recast Their Business Model

  • 📰 WSJ
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The pandemic is compelling a number of co-working firms to discard original business models, or accelerate the adoption of a new one, with the broader office market under threat

Now, some analysts suggest the pandemic is accelerating the end of the industry’s lease-and-sublet model. “The business model was similar to picking up pennies in front of a steamroller, which history has shown isn’t a sustainable strategy,” said Daniel Ismail, a senior analyst at commercial real-estate analytics firm Green Street.

Instead, he expects revenue-sharing agreements to become more common. They are similar to the relationship between hotel owners and operators, where operators get fees and a share of profits but don’t have to pay rent. Revenue-sharing deals are considered less risky because they leave operators with lower fixed costs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Greatest trader of all time maiyarova I never believe it until I experience it. For a start I deposited a little capital to test the water, in 1 week I got a return.....her diligence and honesty is undeniable maiyarova

this is terrible news

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in CA

Canada Canada Latest News, Canada Canada Headlines