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Search resuls for: "Jamie Hodari"


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A spokesman for Industrious said it would own a 40% stake in the merged subsidiary. The vacancy rate for office space nationally hit 18.6% at the end of 2023, according to data from CBRE– the highest level since 1992. About 771 million square feet, about twice the size of Manhattan's entire office market, sits empty nationally. How Industrious won the coworking warHodari has been an astute and resilient player in the coworking business. At the time, most coworking companies sought to rent space from landlords then sublease that to their clientele at a hefty markup.
Persons: WeWork, Jamie Hodari, Hodari, Deskpass, Sam Rosen, Deskpass Stephanie Bassos, CBRE, Breather, Rosen, Adam Neumann, Shlomo Silber, Silber, lockdowns, You've Organizations: Business, Deskpass, Bond Locations: New York, Chicago, Breather
WeWork was famous for huge coworking spaces with amenities like climbing walls and swimming pools. AdvertisementAdvertisementBut the "really enormous WeWork spaces, the 300,000 to 400,000 square foot WeWorks, those are simply too large," for other companies to take on. "Lots of companies, WeWork included, made decisions that spiked revenue in the short run, but probably weren't prudent in the long run," he added. AdvertisementAdvertisementLuxurious coworking spaces may be a thing of the pastHuge coworking spaces filled with yoga rooms, beer taps, and swimming pools were the hallmark of WeWork's operation at its height. AdvertisementAdvertisementHodari told Insider that Industrious, which has over 165 coworking locations across the globe, would probably end up taking over a number of WeWork sites.
Persons: WeWork, Jamie Hodari, , Hodari, Briggs Elwell, Adam, Neumann, Elwell Organizations: Service, RLTY
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