Thanks for keeping up with the CREtech Community in the News! For more news, follow us on Linkedin.
Despite achieving $3.7 billion in savings by rejecting and amending leases, WeWork is still grappling with financial strain as talks for further concessions continue. The co-working company, currently in chapter 11 bankruptcy, has successfully reduced approximately 16% of its long-term lease expenses, but the burden of numerous leases persists, impacting its financial health.
Original article posted on January 22, 2024
