In The Loop: WeWork’s Largest Location, Major Coworking Trends, And New Accounting Rules

In The Loop WeWork’s Largest Location, Major Coworking Trends, And New Accounting Rules-01
WeWork Shanghai Weihai Road location. Image: WeWork

WeWork Opens Largest Location Ever In Shanghai

Calcalist reported earlier this week that coworking giant, WeWork, is set to open its largest location ever in a downtown Shanghai building. The new location, set to open in 2018, will span 10 stories and cover 290,625 square feet.

More on WeWorks upcoming Shanghai location here.

New Accounting Rules To Boost Coworking Demand

Though we’ve known this for some time now, new federal accounting rules to go into effect by 2019, will require public companies to list office leases as liabilities in their balance sheets. However, The Real Deal reported that there is a loophole that will benefit coworking and flexible workspace operators. “If public companies sign a lease with a coworking space provider, and if the provider has a right to move the tenant, that lease won’t have to be listed as a liability.”

The Latest News
Delivered To Your Inbox

Read more about how the new accounting rules will boost (and potentially affect) the flexible workspace industry here.

Major Coworking Trends For 2018

2017 marked the largest growth in coworking to date. Coworking and shared workspace management platform, WUN Systems, takes a guess at some of the major trends that will impact, shape, and drive the continued growth of coworking in 2018.  
Read WUN’s major coworking trends for 2018 here.

Share this article