WASHINGTON, D.C., November 20, 2019 — WeWork is the most popular coworking space, but smaller, local coworking spaces are catching up, according to a new survey from Clutch, the leading B2B ratings and reviews platform.
News broke in September that WeWork, once valued as high as $47 billion, mismanaged funds. CEO Adam Neumann was ousted, and the company faced bankruptcy until SoftBank bailed it out for $1.7 billion.
WeWork is still king, though: 39% of coworking employees work in a WeWork space. But local coworking spaces are almost as popular, at 36%.
Will local coworking spaces dethrone WeWork?