Following Crain's pulled IPO, the company has pulled out of negotiations for a number of large lease deals in New York and Boston , Crain's New York Business reports. Deals cancelled include 63 sq ft at 120 Broadway , " hundreds of thousands of sq ft" at 250 Broadway , space at 5 Madison Avenue and 240 Madison Avenue , whilst 100,000 sq ft at 63 Madison Avenue is on hold. In a recent Bisnow poll, more than half of the 500-plus respondents said they believe WeWork will eventually file for bankruptcy. WeWork closed a deal for hundreds of thousands sq ft at 437 Madison Avenue last month , but only because the landlord demanded six-months rent upfront, Crain's reports. Two landlords pulled out of negotiations in Boston , William Kaufman reported.
Following Crain's pulled IPO, the company has pulled out of negotiations for a number of large lease deals in New York and Boston , Crain's New York Business reports. Deals cancelled include 63 sq ft at 120 Broadway , " hundreds of thousands of sq ft" at 250 Broadway , space at 5 Madison Avenue and 240 Madison Avenue , whilst 100,000 sq ft at 63 Madison Avenue is on hold. WeWork closed a deal for hundreds of thousands sq ft at 437 Madison Avenue last month , but only because the landlord demanded six-months rent upfront, Crain's reports. Two landlords pulled out of negotiations in Boston , William Kaufman reported.