The world’s biggest coworking companies are starting to close money-losing locations across the globe, signaling an end to years of expansion in what had been one of real estate’s hottest sectors.
The retreat reflects an effort to slash costs at a time when the coronavirus is reducing demand for office space, and perhaps for years to come. It also shows how bigger coworking firms, in a race to sign as many leases as possible and grab market share, overexpanded and became saddled with debt and expensive leases.
Well...working from home.
Co-working spaces are sooo 2017-2019.
The pandemic is also killing Americans by the thousands. Currently 168,000, with a projection to over 200,000 dead U.S. citizens. The good news: our president is protecting statutes of confederate officers and is laser focused on the water volumes of our nation's shower heads
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