Miami’s office market continues to be dependent on coworking firms to fill their spaces, but some landlords are concerned that their absorption rate is becoming too much.
27pilots quit WeWork for various reasons
When 27pilots moved into WeWork Munich last September, it assumed it would be the perfect fit for business. Four months later, they quit for various reasons.
WeWork offices are small, according to 27pilots managing director Gregor Gimmy. The office space and small desks did not accommodate the team of eight properly.
Gimmy also says that their price performance is poor. 27pilots paid 4.800 Euros for 20 to 25 square meters, almost 10 to 20 times above Munich’s average office prices.
Due to the equipped offices and various amenities, including free coffee and beer, the company believed the price was justified at the time.
WeWork also promised that the company could upgrade to a larger office to accomodate 12 people, but were then waitlisted.
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Meeting rooms and phone booths in the space are very hard to get and are expensive, leading to many instances where rooms were not available at all.
Printing also seemed antiquated and slow, which works against the idea of the space supporting technological advancements.
Gimmy suggests that increasing the meeting room to office ratio and reducing the rent would help their model out tremendously. He also emphasizes that the WeWork Munich provided great service and that these issues were not within their jurisdiction.
Comments on Gimmy’s post shared a similar sentiment and it is worth reading up on how other coworking operators attempt to combat this not-so-good reputation.
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