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

Sharing is Caring!

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.

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.

142 views

Leave a Comment

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