There aren’t places like this with short term leases. You either get expensive month-to-month (or slightly cheaper year to year) or you get a cheap 5-10 year lease.
If you are not established enough to take a 5 year lease, then wework (and their competitors, of which there are many) make a lot of financial sense, especially for the flexibility — e.g. if you downsize, rent goes down accordingly in 1 month. No “cheap” lease has this feature.
Also, WeWork is cheap compared to prices Regus used to charge 5 years ago; I would assume Regus did respond to the price pressure, but I haven’t checked.
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There aren’t places like this with short term leases. You either get expensive month-to-month (or slightly cheaper year to year) or you get a cheap 5-10 year lease.
If you are not established enough to take a 5 year lease, then wework (and their competitors, of which there are many) make a lot of financial sense, especially for the flexibility — e.g. if you downsize, rent goes down accordingly in 1 month. No “cheap” lease has this feature.
Also, WeWork is cheap compared to prices Regus used to charge 5 years ago; I would assume Regus did respond to the price pressure, but I haven’t checked.