Is WeWork getting too big for its boots as a landlord?
CRETech
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1 minute read
As WeWork continues to shape the face of office leasing, its recent push into real estate investment is prompting a rebuke from landlords and other industry insiders.
“A lot of people originally thought of the shared office-space providers as bringing tenants,” Tony Malkin, CEO of Empire State Realty Trust, told Bloomberg. “But I think now we’ve seen — particularly with WeWork and other providers’ expansion into the enterprise solution — that it’s really much more about disrupting the relationship of tenants to landlords, of tenants to brokers, of brokers to landlords.”