WeWork: Business Model

• Rent arbitrage
• Long-term office leases with landlords
• Designed aesthetically by themselves using technology
• Offered spaced on monthly basis rather than giving on lease unlike
traditional business models
• Members or offices not bound and obligated to stay in any fixed time
rental scheme or termination penalties as found in traditional models.
• Members could terminate their services with just one month’s notice.
• Model represented cost savings over traditional office spaces.
Other unique services offered by WeWork
• An unassigned Hot desk.
• WeWork App to access services store
• Unlimited beverages
• In some offices, free breakfast for members.
Similarities and difference between Co
working spaces and AirBnB of offices
Similarities:

• Big and small come together under the same roof.

• Latest high technology amenities are available keeping into consideration the modern
corporate trends.
• The price plans for these office spaces are mostly flexible. These suit the requirements of
the corporates.
• Professional events and investor pitches are also organized at many of these spaces.
• the ergonomics are well taken care of. And hence the comfort of the employees has also
well looked after.

Difference:

Co-working provides office spaces, whereas the AirBnB provides home-like lodges.