Interior of WeWork, a shared office space, in Causeway Bay. Photo: Jonathan Wong
WeWork aims to cut rental costs through revenue-sharing leases … but can it persuade Hong Kong’s landlords?
- A revenue-sharing agreement would see landlords inject capital or lower their tenant’s upfront payment and in return take a share of the workspace provider’s income
- Some analysts think persuading Hong Kong’s landlords to abandon their fixed monthly rental income will be easier said than done
Interior of WeWork, a shared office space, in Causeway Bay. Photo: Jonathan Wong