Leaflet · The story of

WeCrashed

WeWork grew from a single New York coworking space into a $47 billion company in under a decade. Within a year, most of that value was gone.

In 2022 the story became an 8-episode Apple TV+ series based on Wondery's podcast WeCrashed: The Rise and Fall of WeWork, with Jared Leto as Adam Neumann and Anne Hathaway as Rebekah Neumann. It premiered on 18 March 2022.

From the book
Coworking Study & Report, by Dr. Preetesh Anand
The real timeline
  1. 2010 · The startAdam Neumann and Miguel McKelvey open the first WeWork in New York.
  2. 2017 · Rocket fuelSoftBank pours in billions and expansion goes global.
  3. Jan 2019 · The peakValued at $47B, with about 850 locations worldwide.
  4. Sep 2019 · IPO collapsesInvestors balk at the losses, founder control and governance. Neumann steps down.
  5. Oct 2021 · ListedWeWork goes public via a SPAC at about $9B.
  6. Nov 2023 · BankruptcyChapter 11 filing with nearly $19B in debt.
  7. Jun 2024 · RestartExits bankruptcy with $4B+ of debt wiped out; Yardi becomes majority owner.
  8. 2025 · Back to basicsPositive EBITDA, about 170 US & Canada sites, profit-first deals.
In numbers
$47B2019 peak
~$9B2021 listing
$0.27BAug 2023
850 → ~170locations, global peak to US & Canada in 2025
~$12Bfuture rent cut in the restructuring
3 lessons for your space
  1. Match lease length to how long members commit.
  2. Every centre must reach break-even on its own.
  3. Grow when you're full, not when you're excited.

All 7 lessons, the World & India market report and the property-owner playbook are in the free book.

Sources: Apple TV+ press, Fortune/Bloomberg, Bisnow, CRE Daily, Barchart.

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Coworking Study & Report: Lessons from WeWork

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Tamil Nadu

Coworking management software in Coimbatore

For 30–200 seats spaces in Coimbatore that want enquiries, members and billing in one app — set up on WhatsApp the same working day.

Desk rent in Coimbatore

Typical 2026 range: ₹4,500–₹9,000 per seat per month for a dedicated desk.

Typical space

30–200 seats, owner-run with a small team.

Local ROI example

An 80-seat space at ₹6,750/seat and 70% occupancy: about ₹40,500 extra a month from 6 more desks filled, plus ₹7,560 of late rent recovered. Run your own numbers →

What we see in Coimbatore

Coimbatore's coworking runs along Avinashi Road, from Peelamedu and the airport side out to the IT parks at Saravanampatti and Kalapatti, where SaaS and IT-services teams of 10–50 take cabins near the tech parks. RS Puram, Race Course and Gandhipuram serve the city-centre crowd: textile and engineering exporters adding a professional office, CA and legal practices, and remote employees of Chennai and Bengaluru companies who prefer Coimbatore's cost of living.

Operationally, Coimbatore members are long-staying and cost-conscious. IT teams sign for a year and expect stable internet, power backup and a meeting room that is free when booked; exporters want a client-facing address and a conference room by the day for buyer visits. Enquiries arrive in Tamil and English on WhatsApp, and spaces that reply quickly in either language convert more of them into tours. With several multi-floor operators in the city, branch-wise occupancy and collections in one login matter.

Local directory

Coworking spaces shaping Coimbatore

Spaces in Coimbatore on our map, 10 so far and growing. Looking for a desk or a cabin? Send one enquiry; we pass it to the space and reply on WhatsApp.

Aztech coworking space

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

Aztech Coworking Space - Brookfield Mall

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

Covai Tech Park - Broadview

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

Dworkz

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

Nestora Coworking Space

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

NexgenSpace

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

SpazeOne Office Space - Coimbatore

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

The Syndicate Space

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

Thrill Desk Co-Working

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

Wrkpod

Coworking space in Coimbatore. Desks, cabins and meeting rooms.

Listed for information from public listings; spaces are independent of CoWorkRM. Run one of these spaces and want it changed or removed? Message us.

Enquire about

Your enquiry reaches CoWorkRM; we share it with the space and reply on WhatsApp.

Questions Coimbatore operators ask

What does a dedicated desk cost in Coimbatore?

Typical 2026 rates are ₹4,500–₹9,000 per seat per month. Avinashi Road and Saravanampatti near the IT parks are at the top; Gandhipuram and older city-centre spaces at the bottom.

Can WhatsApp messages go out in Tamil?

Yes. Meta approves WhatsApp templates in Tamil, so enquiry replies, tour confirmations and payment reminders can be set up in Tamil, English or both.

Can we run two Coimbatore floors on one account?

Yes. Each location is a branch under one owner login, priced per location with 15% off from the second. Members, invoices, rooms and staff are per branch; occupancy and collections roll up to one dashboard.

Get started

Get 30 days free.

Your space is set up the same working day on WhatsApp — no card, no app change for your members.

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