In The Loop: WeWork Is Overvalued, Coworkin in TX, and (maybe) New Competition?

WeWork = The Most Overvalued Company

Scott Galloway, marketing professor at NYU Stem School of Business, told Business Insider earlier this week that WeWork is arguably the most overvalued company in the world. Though this might come as a surprise to some, industry leaders have argued against WeWork’s valuation for at least 2 years now. Yet, it’s nice that outsiders are opening their eyes and doubting exactly why WeWork is worth so much.

Read the Business Insider article here.

The Common Desk Goes To Fort Worth

Texas-based coworking operator, Common Desk, announced earlier this week that they are opening a new workspace location in Fort Worth. According to the release, the space “will be located on Crockett Row, right in the heart of the West 7th District.” Nick Clarck, founder of Common Desk said that the Fort Worth location “will be our most exciting expansion to date.”

Read all about the new Common Desk location in Forth Worth here.

British Property Group Dives Into Flexible Workspace Market

The Financial Times reported that the “UK’s second-largest property company becomes the first of London’s leading landlords to develop its own flexible offering rather than leasing space within its buildings to a third-party provider. It plans to launch the brand by the end of June.”

Read about British Land and its flexible workspace goals here