No, but it is a sustainable business, so they've got that going for them.
Having worked closely with oil & gas I’d be curious how Regus would do without “that client”.
Yes, but Regus (now called IWG) runs Spaces, which is catching up quickly with WeWork. Unlike WeWork, their balance sheet is amazing. WeWork will have to endure a staggering restructuring.
When I was at a Regus space years ago, we had an amenity I never saw at WeWork - solid, opaque walls.
The ones in downtown LA are mighty close to a WeWork feel.
The one in downtown proper, or the one at The Row? As someone mentioned in another comment, Spaces picks property that doesn't command a price premium vs. WeWork where it's always a prime location.