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. The track record is not good, with WeWork’s failure today following on from HQ Global Workplaces’ collapse twenty odd years ago.
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