What’s next for the co-working business?

WeWork’s implosion could be the hard reset needed for the co-working industry. “We didn’t really estimate the magnitude of what that fallout meant for Industrious and throughout the industry,” said Katherine Lau, senior director of real estate for flexible space firm Industrious. “What we see is a normalization of the growth rate of co-working. In many ways, WeWork propped up the real estate markets, drove up rents and drove down vacancy. We’ll see what the real estate markets are really made of in 2020.”