### Comment:
It works small scale, because they usually upfit the space, so the owner is trading repairs and maintenance for rent. 
  
 Large companies would just burn capitial trying to maintain growth.

### REPLY:
I may have buried the lead.  Irvine is not their only location.  It's multinational. 
  
 &gt; As of April 2019, it operates in 160+ business centres in 55 cities across 24 countries.  The company currently has 85 coworking locations globally. 
  
 I did mistakenly call it private equity, but it seems to be listed on the Australian exchange.

### END.