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Co-Living and Co-Working Catch on in Urban Areas, Business and Industry Trends Analysis

While WeWork became famous for offering hip, shared office and workspaces, spawning many imitators both large and small, this innovative firm faced dismal news during 2019 and 2020, including huge financial losses and a cancelled stock IPO.  (In 2021, the company successfully completed an IPO after reducing expenses and generally revamping operations.)  The office sharing trend also led to a boom in shared apartment space, with common kitchens and social spaces.  The fundamentals of these business models were challenged by the Coronavirus, including the obvious problems of difficulty in social distancing in shared spaces, soaring unemployment and the rapid escalation…

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