A Fresh Take on CRE

WEWORK - What's the Margin?

WeWork's innovative approach to co-working and community building has resulted in dozens of locations and thousands of members. Like many in the CRE industry, we were curious to understand the math behind WeWork's fast growth and recent $5 billion valuation. Here is our attempt to estimate WeWork's gross profit margin in 13 US locations, using commercial lease comp information from CompStak and private office prices from the WeWork website

CompStak Exchange is a free platform for CRE brokers, appraisers and researchers to exchange verified commercial lease comps anonymously. CompStak Enterprise offers unlimited fee-based access to comp information to CRE landlords, lenders and investors.

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