© Reuters. FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo
Media reports on Wednesday suggested the New-York listed flexible workspace provider - once privately valued at $47 billion - was weighing a petition for bankruptcy next week.), WeWork aimed to revolutionise the office market by taking long leases on large properties and renting the space to multiple smaller businesses on more flexible, shorter arrangements.
Global office vacancies are expected to climb, hurting rental prospects in cities like New York and London, eight industry executives, investors, lenders and analysts said. "The loss of any tenant, especially during a time of relatively slow office leasing, will have a negative impact on office building cashflows and values," said Moody's were seen 35.8% more likely to default, versus expectations a year ago.WeWork has 3.25 million square feet of space in central London, with a total annual rent roll of 192 million pounds , Jefferies said in a September note. Its biggest U.S.
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