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