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

www.cnbc.com/2020/01/16/wework-leasing-plunged-93percent-in-q4-after-failed-ipo-cbre.html

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.

READ  After Buffett, Charlie Munger compares Bitcoin to louse and suggests it will fail

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

READ  White House cuts Joe Biden feed after he wanted to take questions

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

28 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.