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They currently claim 660 locations in 119 cities (avg 5.5/city) NYC seems to be the biggest with 49 or so. They will try to renegotiate all potentially profita
by ksherlock 3y ago
They currently claim 660 locations in 119 cities (avg 5.5/city) NYC seems to be the biggest with 49 or so. They will try to renegotiate all potentially profitable locations and cancel everything else, so maybe 50-75% get canceled? In average that's 2-4 canceled leases per city. That's commercial real estate so no effect on housing.
https://www.wework.com/locations https://www.wework.com/locations
- captn3m0 3y agoThe 48 locations in India shouldn’t be impacted, as they are under WeWork India, where WeWork has a minority stake (27%). https://inc42.com/buzz/wework-globals-bankruptcy-will-have-no-impact-on-indian-unit/ https://inc42.com/buzz/wework-globals-bankruptcy-will-have-n...
- aitchnyu 3y agoWonder how many bullets India dodged by having smaller stakes held by foreign entities. In Tata AIG, AIG has 26%, so we werent worried when AIG was in trouble in 2008.