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WeWork asks landlords to cut rents by 30%

Apr 8, 2020 | Posted by Jeff Weil | Commercial Real Estate, Newsletter, Real Estate Landlords, U.S. Economics |

According to Bloomberg News April 1, 2020, WeWork is asking landlords to cuts its rent by 30%, in some cases offering revenue-sharing agreements. Early indications are landlords are reluctant. As of June 30, 2019, WeWork is on the hook for $47 billion in lease liabilities.

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Tags: commercial real estatecoronavirusJeff Weiljeff.weil@colliers.comlandlordWework
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Jeffrey Weil, CCIM, MCR.h, SIOR

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  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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