In the Press
November 16, 2023

WeWork’s US Bankruptcy Filing Not a Barometer for the European Flex Office Market (PropertyEU)


WeWork’s troubles are not indicative of the state of the UK and European flex office space which continues to see strong occupancy on the back of recovery in demand post-Covid, Eric Lim, Real Estate partner, shares his views with PropertyEU. ‘This US bankruptcy filing does not point to a wider drop in demand for flexible working space, at least in the UK and European markets, where occupancy rates are consistently higher than in their US counterparts,’ Lim said, adding that the bankruptcy filing only affects WeWork’s US and Canadian businesses.