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Yaron Naymark on IWG's value case

Yet Another Value Podcast

CHAPTER

We Work Versus We Work?

I WG is bigger, they've got scale, you know, we can talk about all the reasons we think I WG probably is better managed than we work. They have these massive locations that are hard to fill and need to focus for square feet. And so I think they will dilute their brand over time. That transition's really nicely into the other thing people ask about all the time is we work. Hey, I WG versus we work. We're 1% of the market stock in New York or 1%. But we're 20 to 25% of the square feet that gets leased every quarter in that market. It just doesn't make economic sense to put as much capital

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