UK shared office space provider Workspace reported that its shares fell 22% as concerns have grown over whether the industry will be able to sustain the coronavirus pandemic.
โI think there is going to be a permanent shift to working from home, this outbreak has changed peopleโs behaviour. It will be hard for companies like Workspace to get people back,โ said one broker. โThese are short term contracts, sometimes signed on a month to month basis and usually only worth about ยฃ8,000 a month. In contrast my broking firm is locked into a 3 year contract with British Land worth ยฃ100,000 per month.โ
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