There's some bargaining power on the lessee going on here too. The way I've heard it works is that they would lock in for a number of years at a reduced market

There's some bargaining power on the lessee going on here too. The way I've heard it works is that they would lock in for a number of years at a reduced market rate. The longer a tenant is contracted in, the risk of the building being empty lowers for the owner. This allows a lower price per month to be negotiated because on average the building isn't going to be non-revenue positive. Now, if property prices take a dive, I'm not sure that would impact WeWork's business all too much as their main clientele are solo entrepreneurs or small startups that couldn't otherwise afford an office fit out and/or the risk of taking on a lease. There is more value in WeWork than just the building.