There are companies that have pulled off We Work style office renting successfully for decades.
Just without the crazy, megalomaniac founder CEO, without trying to spin it as being the savior of humanity, without a buttload of unrelated and extremely questionable side projects, without trying to sell it as a tech company and inflating the valuation to absurd levels.
It allows the company to be flexible with meeting space budget without being on the hook for permanent space.
My company ran out of space pre-Covid, so we would book random meeting spaces (within walking distance) around the city.