WeWork- real estate analyst?
Anybody have any insight on the work experience you will develop as a real estate analyst at a place like WeWork? What are the exit opps? Really appreciate any help or insight! Thank you!
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There was another thread either about this or tangentially related to it - the consensus was that there was high turnover in the role/it wasn't that great of an opp. But take it with grain of salt.
Yeah, their Analyst gigs are always posted. Not sure though if it's a revolving door or they are just growing so much they have the need. Haven't heard the greatest things though about working for them, however.
I would assume most work would be modeling leases and doing market analysis. Most of their offices are in major cities (NYC, DC, SF, etc), so I would assume you'd be interracting with some top landlords. Because of that, exit ops could be to an owner/operator in maybe AM.
Would imagine that you're basically modeling out cash flow projections for all of their space. However, the business model hasn't been tested in a downturn...definitely some questions about the long-term viability of the business. See: https://www.wired.com/story/this-is-why-wework-thinks-its-worth-20-bill…
Bump, anybody know people who have actually worked in WW real estate?
Yes a friend of mine works there.Most analysts work on lease and member modeling. Not a traditional place to work,forsure.
my guess is it would be a site selection type of role. Most expanding retailers have similar roles. Probably a higher focus on demographic/market research and rents comps, less financial anaylsis. Could be a good entry.
A friend works there based out of the west coast. She's used to a high pace environment but claims it's a shitshow. Her assistant just sends her calendar invites for conference calls and she just goes back to back all day on the fly. There are calls she doesn't even know which deal it is and has to look back at the invite during the call to try and figure out what deal it is and who's even on the call.
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