[Timoha]

Here in Mexico WeWork is extremely popular. Both in Mexico City and Monterrey all locations are most of the days packed with both corporate subscriptions and desk clients like myself. They own/rent entire skyscrapers with floors subrented by local companies

[raztogt21]

At least for the Monterrey locations, the economics do not make sense to me.

I'm a member of one of the newest locations which, when packed "full," still tops out at 200 people, and in 3 months, I have never seen more than 100 people in a single day.

I expect about 400k MXN per month in revenue; let's double it to be safe, to 800k per month. Yet, most of the people are on the all-access plan, so that's 2k per customer per month only.

The rent for these two new floors is at least 1 million MXN per month. I also see 4 janitors, 4 front-desk staff, and 2 guards to operate the elevators, all full-time. This is not counting utilities and extra services such as coffee, mouthwash, etc.

[TulliusCicero]

Is there a reason it's particularly popular in Mexico?

[saddist0]

I would guess that's due to digital nomad culture, and living in low COL areas.