WeWork’s leasing activity plunged 93% in the fourth quarter after failed IPO attempt


WeWork only signed four new leases in the U.S. in the fourth quarter, as the company reeled in expenses following a SoftBank-led bailout.

Total space leased dropped to 184,022 square feet from an average of 2.54 million square feet over the previous four quarters.

WeWork ceded the top spot in the flexible office leasing market to Spaces, which is owned by IWG.