CEO John Santora discusses WeWork’s revival, and its focus on real estate fundamentals, disciplined growth and delivering flexible, hospitality-driven office solutions worldwide. · WeWork has repositioned itself as a real estate-first company focusing on strategic locations, hospitality services and profitability. · Demand for flexible office space is accelerating, with enterprise clients requiring scalable, adaptable solutions. · Tech, finance and pharma are setting the pace for demand. · WeWork has begun training its staff using Ritz-Carlton’s hospitality standards. · Today, WeWork utilizes revenue-sharing, management agreements and traditional lease models. CEO John Santora discusses WeWork’s revival, and its focus on real estate fundamentals, disciplined growth and delivering flexible, hospitality-driven office solutions worldwide. · WeWork has repositioned itself as a real estate-first company focusing on strategic locations, hospitality services and profitability. · Demand for flexible office space is accelerating, with enterprise clients requiring scalable, adaptable solutions. · Tech, finance and pharma are setting the pace for demand. · WeWork has begun training its staff using Ritz-Carlton’s hospitality standards. · Today, WeWork utilizes revenue-sharing, management agreements and traditional lease models.
From "The Weekly Take from CBRE"
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