WeWork “cracked the code,” but has it hit a ceiling?: panel

Panel discussed how growing coworking industry has changed real estate so far
By Eddie Small | June 26, 2018 01:58PM

At first, landlords didn’t want to lease to WeWork. Now, the company is in Class A office buildings across the globe. And in the future, it could end up partnering with landlords.

“Partnering with WeWork is something we’ve thought about,” said Columbia Property Trust CEO Nelson Mills, explaining that it would be beyond simply leasing space to the co-working company. “Certainly, the industry has been changing, and WeWork is a part of that.”

Mills sat on a panel Tuesday morning in WeWork’s Chelsea building at 115 West 18th Street along with Silverstein Properties CEO Marty Burger, Boston Properties executive vice president John Powers and HR&A Advisors partner Kate Wittels. The Real Deal senior reporter Konrad Putzier moderated the discussion, which focused largely on the future of the rapidly growing company and how it has impacted the real estate industry.

 

 

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