I think that's all fair. And it's actually also perfectly consistent with an opinion that there will be more distributed/remote/WFH work in whole or in part and generally more flexible working arrangements. Because a company may need fewer seats under those conditions but it wants to be flexible about what seats and facilities it has.

I'm certainly not convinced WeWork will ultimately be a beneficiary of that--especially in a downturn that will lead to companies cutting back on expenses they don't really need to incur. But the basic idea makes sense (and of course there is a long record of companies like Regus in the space, albeit with a more traditional take).