WeWork’s Potential Bankruptcy: What Will Be The Effect On Office Vacancy Rates?
Allwork
AUGUST 22, 2023
It is a problem for the company’s landlords, who will be faced with the choice of negotiating to accept a lower rent and write-off of arrears or losing an occupier in a very weak market. In the first half of 2023, the delinquency rate rose from 2.75% to 4%. This raises questions for U.S. real estate as well as U.S.
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