New tenants are taking over former WeWorks as the coworking company`s bankruptcy proceedings accelerate a trend of move-outs that began in 2020 after its failed IPO in 2019.Since 2016, WeWork has vacated 8.9M SF of office space across the country, according to an analysis by CoStar. Of that, about 3M has been re-leased, often to coworking competitors.
WeWork left behind a little more than 3M SF in 2023, and new tenants took over about 914K SF, according to CoStar data...
RSK: Well...that leaves 2/3 empty...not good but a start. Just keep Adam out of it.
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- - Volume: 24 - WEEK: 0 Date: 4/24/2024 11:11:51 AM -