WeWork’s bankruptcy filing last week rippled through property and financial markets as landlords braced for the potential impact of the coworking giant pulling out of leases and their corresponding office spaces.
But with an initial round of 69 leases the company wants out of, the broader coworking industry that WeWork revolutionized in better days could shift as other providers step into the void.
“We’ve taken over a dozen-plus WeWorks already,” Industrious Chief Operating Officer Liz Simon said in reference to deals her company executed in recent years as WeWork sought to improve its balance sheet. “Those won’t be the last time that we…
Source: Competitors Eye Space Abandoned By WeWork As Coworking Seeks New Normal