- Since the coronavirus outbreak, thousands of WeWork co-working space tenants have refused to pay rent or terminated leases.
- WeWork office space occupancy has declined from 79% (September 2019) to 64%.
- In order to continue collecting rent, it has kept most of its 739 worldwide offices open unless ordered to shutdown or if member contracts coronavirus.
- To retain its 662,000 members, WeWork has even offered some clients rent holidays.
- The downturn has been exacerbated by WeWork’s massive expansion efforts last year.
