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.

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

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


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