Flood of new supply puts desk rates under pressure
An increase in the number of co-working operators has affected pricing and sparked fears that some firms will fail.
In October, Rainmaking Loft shut its London branch, citing competition from international giant WeWork, and others have expressed concern that overexpansion will put downward pressure on the rates that they are able to charge occupiers.
So, is increased competition really suppressing desk rates, or is demand for space strong enough to prop up prices?
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