WeWork CEO: “Demand is higher now than prior to the pandemic.”

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Lat year’s COVID-19 pandemic forced closures of office, retail and social spaces across the globe. Marcelo Claure, WeWork Executive Chairman, says that the office spaces of the past have changed forever. Tune in below for more of his thoughts on the future of office spaces and how demand for WeWork space continues to grow.

 

“[COVID] allowed us to reinvent ourself. It allowed us to learn how to operate.”

 

Claure: Companies are not looking forward to going back to the traditional way of signing a 20 year lease, setting up this non flexible headquarters, the office is very different today. You know, the biggest or most of our larger customers are the world’s most valuable companies who basically are sending us their employees because they don’t know, you know, how many of these are going to be working because they don’t know where their business is going to grow. And when you’re sitting in the only company in the world that has over 1,000 buildings in pretty much the most important cities around the world, the demand for WeWork space today is higher than it was prior to the pandemic. [COVID] allowed us to reinvent ourself. It allowed us to learn how to operate.

Like I said before, you know, WeWork should be a profitable company by the end of this year or by the beginning of next year. The latest on demand for this type of flexible office space is higher than ever. And I think the world is going to redefine in terms of where flexibility becomes the most important part, that a company that offers employees.

 

*Bloomberg contributed to this content

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