WORQ would like to express its sincere gratitude to Cynthia Ng from ASTRO AWANI for taking the time to delve into the coworking industry, particularly in light of WeWork’s recent developments.
Is WeWork’s situation an indication of the overall health of the coworking industry?
Here are some key insights:
1. WeWork, a pioneer in establishing shared offices worldwide similar to Google, expanded rapidly by focusing on revenue growth and expansion. However, it’s important to balance growth with key business fundamentals such as profitability, occupancy rates, operational efficiency, and a consistent business model.
2. Rapid expansion does not equate to success; sustainable growth is crucial for long-term success, and it must be managed carefully to avoid future challenges.
3. Demand for coworking spaces remains strong not only in Malaysia, but also on a global scale. This is what drives industry growth. The ebb and flow of businesses in this sector is a natural process. Only sustainable business models can thrive and drive the industry forward.
Join WORQ in exploring this dynamic sector and discovering what the future holds. Watch the full video by AWANI REVIEW for a deeper understanding.
