Sam Zell Says WeWork Will Have to Shrink its Footprint

The video discusses the impact of WeWork and other coworking companies on the office space market. It highlights the growth and challenges faced by these companies, including potential shrinkage and job losses. The discussion also covers the viability of traditional real estate models versus the WeWork model, emphasizing the importance of valuation and market dynamics. The video concludes with insights into the real estate market's health and the role of coworking spaces.

What has been the impact of WeWork on the office space market in the United States?

• It has increased the number of vacant office spaces.

• It has filled most of the vacant office spaces.

• It has had no significant impact.

• It has led to a decrease in new building constructions.

What is a major concern for the coworking industry according to the discussion?

• Recurring financial failures of companies.

• Excessive government regulations.

• High barriers to entry.

• Lack of global brand recognition.

How does the speaker view the future of coworking spaces?

• They are likely to disappear soon.

• They will merge with traditional real estate companies.

• They are here to stay.

• They will only survive in tech hubs.

What is the speaker's opinion on the potential collapse of office prices?

• Prices are expected to collapse soon.

• Prices will remain stable due to a healthy real estate market.

• Prices will increase significantly.

• Prices will fluctuate unpredictably.

What is considered important for attracting clients to coworking spaces?

• Offering free parking.

• Providing high-quality coffee.

• Having a large number of locations.

• Offering free gym memberships.