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Sam Zell on Wework and Co-Working
Too much capital availability and the position of being a marginal supplier in times of financial trouble caused the world's largest co-working companies, Wework and Regus, to declare bankruptcy, according to Sam Zell. Co-working may be seen as a canary in the coal mine for the US economy because oversupply of commercial real estate is a function of too much capital availability and can cause problems in other forms of finance as well.