IWG CEO Mark Dixon told CNBC that a shock is coming to the commercial real estate industry, but the opportunities ahead are enormous.
IWG operates over 3,300 offices across 120 countries under different brand names such as Regus, Regus Express, Spaces, Signature, etc.
According to Dixon, COVID-19 caused a fundamental seismic shift in commercial real estate, making millions of people work from home.
- He believes workers do not want things to return to how they were before the pandemic.
- Dixon added that a shock is coming for the commercial real estate sector as some of the largest property companies are handing properties to their bank.
- Regarding the future of office spaces, he said they could function similarly to gas stations by networking them and making them easy to use.
