Yep, and smaller companies could have more flexible spaces that could adjust to the need of the company. We work is a middle man, but the business model does sorta make sense when rent is very cheap (admittedly with probably pretty slim margins). That being said, I’d be especially hesitant to invest in anything with Neumann’s name attached to it, so wouldn’t expect a huge resurgence or anything.

The irony of the whole thing is that with the mass availablity of cheap commercial office space for the next couple of years, Wework itself might actually have a viable business model. After all, it generally functioned best in a recession or when leases were cheap. I’d guess that’s what Neumann is hoping for, although I suspect he’d have trouble getting investment if the company got in trouble in future.