WeWork Will Follow the Movie Theater Business Into Oblivion

As a result of the pandemic, WeWork may become successful as companies large and small look for places to park workers until they decide to reopen permanent offices. Or, like the movie theater business, it could collapse under the weight of the fear people have of enclosed spaces that house groups in an environment that is hard to keep safe and control. The second case is by far the more likely of the two.

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WeWork already was wrecked by the idea that a nearly unlimited number of people wanted to spend money on high-end temporary offices. Free coffee and pleasant workspaces were not enough to support its growth financially. WeWork cratered under the weight of its own financial obligations. The pandemic nearly finished the job. Office buildings in cities around America, and in many places overseas, remain almost vacant. WeWork will need to be one of the first

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