Jason Hughes, founder of Hughes Marino, was recently featured in a CEO World article discussing the decline of coworking giant, WeWork. The once disruptive startup is now teetering on the brink of bankruptcy, and WeWork is seeking to renegotiate or terminate many of its leases across the nation. This situation poses a potential threat to other startups and businesses that rely on WeWork’s coworking spaces, as these turnkey spaces have been beneficial for many organizations during their growth phases.

While WeWork is facing challenges to stay afloat, the current market offers a unique opportunity for companies of all sizes to secure affordable and appealing sublease space at rates well below market. If your company is interested in moving into its own dedicated space with attractive amenities and tenant improvements, now is the time.