WeWork Investor Presentation Deck
Flexible space is where retail was at the turn of the century
Like e-Commerce in the early 2000s, flexible space is expected to reach critical mass over the next decade
U.S. Flexible Workspace Penetration as % of 3.5B office supply RSF(¹)(2)
Estimated flex space penetration rates have greatly accelerated due to COVID-19
1.
2.
3.
4
1%
2000
4%
E-Commerce as % of
retail sales in the U.S.(3)
6%
2010
Pre-COVID (Low)
11%
Pre-COVID (Mid)
21%
2%(1)
2020
-
Pre-COVID (High)
CBRE "Let's Talk About Flex" (2019). Reflects growth of U.S. Rentable Square Footage from year-end 2019 to 2030E.
JLL "The impact of COVID-19 on flexible space" (2020).
Digital Commerce 360 and U.S. Commerce Dept. In-store sales factor out the sale of items not normally purchased online, such as fuel, automobiles and sales in bars and restaurants.
2021-2030 projections based FTI Consulting "2021 Online Retail Forecast Report."
33%
30% (2)
Post-COVID
22% (1)
13% (1)
7%(1)
2030
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