Forces Reshaping Supply of Office Space
The first are from the “About Us” page of three publicly listed real estate investment trusts (REITs), with a combined market capitalization of over $40 billion. These descriptions are fairly standardized across the industry; dozens of other major landlords use very similar terms. The fourth is from the introduction of the We Company, parent of WeWork, valued at $47 billion as of July 2019. The We Company doesn’t have an “About Us” page; its website links to a blog post written by its three founders.