For decades, the office leasing experience remained the same. Contact a landlord, sign a long-term lease, pay rent for years, and wait for an opportunity to adjust your space or terms. With the advent of flexible workspace and advances in digital capabilities, however, the way we work is no longer one-size-fits-all.
While the real estate industry hasn’t been known for vast innovation or technological advances, it’s clear this market is transforming in real time. Accelerated by the pandemic, companies and employees have reached an inflection point in redefining how the world works. And as we navigate the adoption of hybrid work models, it’s inarguable that the needs and expectations of both employers and employees have changed—and continue to change—rapidly. This shift is comparable to the evolution of retail and e-commerce, when advances in technology have put consumers in control of how and where they shop. More than ever, technology empowers the individual.
I’ve always been driven to uncover ways that technology can positively impact people’s lives. I started my career as a software programmer and entered real estate, and real estate technology, more than 30 years ago. I joined WeWork last year, recognizing our unique ability to create value beyond our core offering, with purpose-driven technology at the center.
WeWork has always been focused on offering a frictionless experience for companies of all sizes to maximize their spaces for collaboration and innovation. Now, more than a decade later, WeWork is perfectly positioned at the center of this new employer/employee dynamic, driven by our experience and scale, which enables companies and their people to adapt to the changing flexible world of work. Our member-driven, digitally enabled products across over 700 spaces worldwide—WeWork On Demand, which provides the flexibility for people to book conference rooms or desks by the hour, and WeWork All Access—have helped us become experts in how people engage with space.
Building on this evolution, and as a natural extension of our mission to empower tomorrow’s world at work, we recently launched WeWork Workplace. It’s our new one-stop-shop software solution that marries space, asset, and people management capabilities to remove guesswork from designing a strategic work model through actionable data to inform decision-making in real time. It aims to help employers reduce real estate costs while empowering employees to more purposefully engage with the spaces they choose and create more meaningful physical connections.
Built in partnership with Yardi—the leading provider of real estate software—WeWork Workplace is unique. It’s the only all-in-one platform with the ability to integrate all space types (privately leased/owned space, WeWork private space, WeWork shared space, and affiliate space), and the only platform to provide companies with the option to leverage our space solutions to bring their work strategies to life.
Combining our advantages in scale, speed, and access to flexible spaces with Yardi’s industry-leading software and tech capabilities, WeWork Workplace doesn’t stop at desk booking or at back-end insights. It aims to solve for a dynamic, constantly evolving world of work.
At WeWork, we believe this is the future of our company…and we can’t wait for you to see what’s to come.
Scott Morey is WeWork’s president of technology and innovation, bringing over 30 years of experience in real estate, technology, and operations to the role. Prior to joining WeWork, Morey served as a founder and executive director at One11 Advisors from 2019 to 2021 and had roles including executive vice president at General Growth Properties from 2011 to 2017. He has also served as a managing director at Alvarez & Marsal, as chief information officer at Equity Office Properties, and as a partner at Ernst & Young LLP from 1995 to 2000.