WeWork’s Potential Bankruptcy: What Will Be The Effect On Office Vacancy Rates?
Allwork
AUGUST 22, 2023
The track record is not good, with WeWork’s failure today following on from HQ Global Workplaces’ collapse twenty odd years ago. Office markets in European and Asian cities — excluding China, which has its own issues — are seeing more “normal” vacancy rates of around 9%, and healthier take-up of new or vacant second-hand space.
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