WeWork’s latest co-working space has opened in London. Located near Leather Lane, it has been designed by an in-house team, who looked to the setting – where Charles Dickens is rumored to have lived – for inspiration. The team marketed this rumor to its advantage, giving the space a literary edge with interior touches such as leather furniture.

WeWork, the fast-growing US shared office group, is to open its largest location worldwide on London’s South Bank as the UK capital’s office market shifts towards flexible space.

New York-based WeWork said it had agreed to lease 280,000 square feet in Two Southbank Place, close to Waterloo station, from property developers Almacantar, the latest step in a London push that has involved opening 14 locations in two and a half years.

By the end of 2017, nearly 1.2 million people worldwide will have worked in a co-working space. While 60% of all co-working spaces are not profitable, co-working has definitely been a huge trend in the last 10 years.

As the name implies, WeWork’s Wonder Bread Factory office in Washington, DC, is a former industrial bread production facility, now baking ideas from dozens of local companies that make these offices their home. On the other side of an open area, a small conference hall is filled with a dozen or so people attending a courier training session for Caviar, an application-based meal delivery service. In the communal kitchen, a beer delivery man connects the tap line to a keg and explains how to keep it from going flat while a bespectacled gentleman prepares his lunch on the counter. Garage doors on the southern side of the room open—when the weather allows it—to a sunny patio with an assortment of seating for lounging, dining, or meeting al fresco.

WeWork research predicts that by 2020, half of large companies will have some form of shared office space office space, whether that’s coworking or another model. The concept has become central to corporate strategies on growth and expansion.

As a family business we are very much focused on managing a long-term sustainable business and responding to the space and service needs of our member companies as they evolve. Our mission in Glandore is to create a dynamic, supportive and friendly community where each company and individual can flourish. We are committed to offering cost-effective workspace solutions with a focus on flexibility and scaleabilty for companies of any size or stage of growth, from early stage indigenous and international start-ups to SMEs and large, established multi-nationals.

They bill the gathering as “a worldwide explosion of coworking awesomeness” and that might sound like an embellishment, but GCUC really does separate the… well… juice from the pulp, as far as conferences go. The event is geared toward coworking space providers, but there’s so much good stuff there that we went and took notes for you, too.

A recent Bloomberg article claims that WeWork employees have complained about being mistreated. This is not news to us.

“The company has been beset by a growing number of allegations over unfair pay, miscategorization of workers and other forms of employee mistreatment. Some of these have resulted in legal disputes, and now the company is under scrutiny by state and federal authorities.”

At One World Trade Center in Manhattan, there are offices, conference rooms, kitchenettes and co-working spaces. The offices stand largely empty. And that is just fine with landlord Servcorp.

WeWork is arguably most overvalued company in the world. WeWork is now getting a valuation equivalent of $550,000 per customer. So it's hard to imagine how they can monetize consumers to the extent that warrants a $550,000 evaluation per consumer. In some instances WeWork, if you do the math, the floor that the WeWork building leases in a building is worth more than the building hosting the WeWork.