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      "text": "JLL High Case TAM: 22.2% JLL Base Case TAM: 13.3% Implied wework: High: 5.6% Base: 3.3%",
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      "text": "Increasing adoption of hybrid work and rise of the \"third workplace\"",
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      "text": "25% Projected share of total flexible workspace market (1)",
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      "text": "~5x Projected increase in revenue by 2030 (2)",
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      "text": "73% of survey respondents in the United States intend to have some type of hybrid-work arrangements as part of their steady state business going forward. In EMEA, the proportion of survey respondents for whom flex space is currently less than 10% of their real estate portfolio is expected to halve in the next two years from 86% to 41%. -CBRE \"Office Occupier Sentiment Survey\", April 2022 for the United States, May 2022 for EMEA (3)",
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      "text": "2. Assumes total office market square footage and WeWork flexible workspace market share remains constant in the projection period. Based on projected base case flexible workspace penetration.",
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      "text": "3. For the United States and EMEA per CBRE \"Office Occupier Sentiment Survey.\"",
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      "text": "© 2022 WeWork",
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      "text": "1. Illustrative TAM analysis based on flexible workspace projections for U.S. only. Implied total flexible workspace SQFT based on estimated 2.5% 2020 flexible workspace penetration as percentage of total office space; Total office estimate based on Green Street estimate.",
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