This Week`s Boston Deal Sheet: WeWork Stays At One Lincoln But Shrinks Space

WeWork has decided to keep the Boston office location that was once its largest, but it has reduced its footprint dramatically.

The coworking operator signed a lease under a revenue-sharing agreement to occupy three floors at the 36-story One Lincoln tower in the Financial District, it said in a press release Monday.

The firm had previously occupied 241K SF across nine floors in the building, the Boston Business Journal reported.

The new lease structure means WeWork`s base rent will rely on the revenue it gets from tenants rather than a fixed monthly cost. 

“We’re excited to renew our commitment to One Lincoln, a flagship office building in Boston and a fixture in our local portfolio,” Kate Harper, vice president of real estate at WeWork, said in a statement...

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RSK: A much smarter lease situation...but still wonder if it will work with WeWorks track record.