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WeWork’s Shaky Financials Spark Concern for NYC Real Estate Market

Allwork

In New York City, WeWork is one of the largest tenants, with over 70 leases spread across various landlords, according to Forbes. It’s reported that the coworking company has amended over 590 of its leases since 2019, in addition to partial terminations to reduce the company’s total lease space.

2019 215
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WeWork’s Potential Bankruptcy: What Will Be The Effect On Office Vacancy Rates?

Allwork

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. Some locations may be good enough to make the loss of WeWork manageable in the sense that the building can be re-let to another occupier.

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How to Create Strategic Partnerships

Success

An online survey conducted by Forrester Consulting in 2019 found that 49% of respondents saw revenue boosted by partnerships and 77% of respondents saw “partnership development as central to their 2019 sales and marketing strategy.” . Indeed, partnerships are a proven way to boost the bottom line. Mike Kilchenstein.

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The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics

Allwork

Family offices are exploiting the current price and the surplus of available commercial properties to get their foothold inside what many would consider an iconic asset class. Families and family offices (private wealth management firms established by ultra-high-net-worth families) have more diverse and flexible objectives.

2019 246