Even with the array of problems that the WeWork troubles and the COVID-19 pandemic presented, Jennifer Frisk, senior managing director with Newmark Knight Frank's downtown Los Angeles office, thinks coworking will catch on as an asset class.
Need proof? The big institutional owners are starting to get on board.
"I think going forward traditional landlords have realized that the WeWorks of the world provided a solution," Frisk says. "We think that institutional landlords will finally be able to get into this sector, which they haven't been able to do up until this point."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
