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Can the co-working revolution in office real estate survive a market downturn?

from Financial Post

The largest occupier of office space in Manhattan, New York, is not a bank or a law firm. Instead, it's a real estate company that makes flexible office space available to commercial tenants, one cubicle at a time. In September, WeWork Cos., a provider of co-working office space, left JP Morgan Chase and Co. behind to become Manhattan’s largest tenant. The company rents 5.3 million square feet of space in Manhattan alone. more

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