WeWork’s Largest Markets Brace For IPO Impact


WeWork’s Largest Markets Brace For IPO Impact


In 2010, the biggest office tenants in these two metropolises would have been just as recognizable in 1910, and sum up the history of these places.

In New York, it was JPMorgan Chase, the bank founded by the financier who helped fund the creation of modern America. In London, it was HSBC, the former Hong Kong and Shanghai Banking Corp., a company that ties together London with its former Far East colonial empire.

Today, WeWork has eclipsed both of them, becoming the biggest private sector office occupier in both cities less than a decade into its existence. It occupies or is about to occupy 7.2M SF in New York and 4.4M SF in London...

Today, WeWork has eclipsed both of them, becoming the biggest private sector office occupier in both cities less than a decade into its existence. It occupies or is about to occupy 7.2M SF in New York and 4.4M SF in London.

Read more at: https://www.bisnow.com/new-york/news/coworking/wework-london-nyc-100564?utm_source=CopyShare&utm_medium=Browser
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RSK: I believe that if their IPO is a bust it may just trigger a recession in the office sector. Watch this carefully my friends.

Ken Notes: The own little property and their tenants do not cover their leases so exactly what are IPO buyers investing in???

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- - Volume: 7 - WEEK: 36 Date: 12/3/2021 6:11:38 PM -