WeWork restructuring will not affect SA
WeWork’s restructuring will not affect SA, says owner SiSebenza who adds the local business is strong and committed to investing in future growth. The bankruptcy filing of WeWork in the US comes at a time of incredible disruption in the commercial real estate market. However, it was an aggressive expansion in its early years that led to the bulk of its current troubles. It’s important to separate WeWork’s from the future of co-working as a whole though. Overall demand for co-working space is expected to remain healthy, with local demand exceeding supply.