New WeWork competitor?
CBRE Ventures In The Co-Working Space Realm It seems like a new co-working space [is coming up](https://www.cbre.us/about/media-center/cbre-launches-service-offering-to-meet--growing-demand-for-flexible-space-solutions) in New York and WeWork is about to get some serious competition!

According to latest reports, CBRE, which is the biggest real estate service firm in its own league, is now venturing in the coworking space and flexible workspace realm.

Sources have revealed that CBRE has launched a $13.75 billion coworking company called ‘Hana’. [Hana](http://www.hanaspaces.com/#abouthana) is a workspace provider that is looking to compete with renowned coworking firms including Regus, WeWork, and Knotel.

However, it seems that Hana will operate differently than other workspaces. Unlike other flexible offices, which lease their services and then let companies operate separately, Hana will be focusing on exclusive partnership agreements with landlords in which the brand will co-invest for managing spaces, cost of building these spaces and shares in revenue.

Source: [https://headquarterss.com/cbre-ventures-in-the-coworking-space-realm/](https://headquarterss.com/cbre-ventures-in-the-coworking-space-realm/)
[{"id": "e9pmth8", "text": "This was ALWAYS going to happen. You can't make the margins Wework was making and not expect that the owners would want a slice of that action. My expectation is that this will not be the last company to \"service\" collaborative space for the owners and not lease it for themselves. \n\nReminds me of all the studios pulling their material from Netflix and setting up their own shops. You can only exist in a blue ocean for so long.", "replies": [], "depth": 1}, {"id": "e9pyc8d", "text": "As someone who has worked for a $80BN fund in asset management that has multiple prominent WeWork spaces, this is the direction it is going to go.  WeWork brings zero value to the landlords.  They are basically a competitor and have zero credit.  They do nothing that the landlord with a coworking management team couldn\u2019t do on their own.", "replies": [], "depth": 1}, {"id": "e9qexh4", "text": "WeWork is an absolute junk company. It wont exist in a few years. ", "replies": [{"id": "e9r5t18", "text": "Why do you think so?", "replies": [{"id": "e9tlwqx", "text": "Just read their financials, it's probably going to be bankrupt in a few years.", "replies": [{"id": "e9wu8kk", "text": "link to financials?", "replies": [{"id": "ebl2e2l", "text": "Old news. They aren't going anywhere. I didn't lease to them a few years ago. I should have.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]