While WeWork hasn’t openly billed the program as a brokerage service, some in the industry view the move as a way to change the brokerage business.

Founded in 2016, ArborCrowd pursues multifamily workforce housing investments across the U.S., with purchase prices ranging from $25 million to $80 million.

The median price of an existing single-family house, at $276,900, was much higher in June 2018 than it was the year before, according to the National Association of Realtors.

According to Blaine Kelley, senior vice president of the global supply chain practice with CBRE, tenants will trade off all other physical features for proximity to customers, labor and suppliers.

Evercore ISI analysts said in a note this month that they expect manufactured housing fundamentals to remain strong.