WeWork is all about community. Will social distancing crash its business model? [Los Angeles Times (CA)]
Jones Lang LaSalle Incorporated (JLL)
Last jones lang lasalle incorporated earnings: 2/11 07:30 am
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Source: Los Angeles Times
It was the hot idea out of the last financial crisis: Save money on office costs by bringing strangers together in hip, well-appointed communal working spaces. But can WeWork and other providers of shared office space survive social distancing? WeWork and its kind are reeling as the pandemic drives away their customers and challenges the future viability of their shoulder-to-shoulder business model. New York-based WeWork, the biggest provider of co-working space, missed April rent payments to some of its landlords and has had to close some of its offices temporarily to clean up after they were exposed to the novel coronavirus. Other co-working providers have simply shut down, at least until the end of the crisis. WeWork, which has faced a host of financial problems in the last year, including a botched initial public offering, has drawn up a post-pandemic plan that emphasizes open space, a potentially income-sapping move that may not be enough to soothe apprehensive tenants. Co-workin
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News
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JLL
Earnings
- 11/6/24 - Beat
JLL
Sec Filings
- 12/12/24 - Form 4
- 11/18/24 - Form 4
- 11/13/24 - Form SC
- JLL's page on the SEC website