Since becoming Manhattan’s largest private office tenant, WeWork has signed leases for several other properties including Fifth Avenue, Lexington Avenues and 35 East 21stStreet covering more than 350,000 sq ft. Most of the offices are for HQ by WeWork customers, which typically pay 15% to 20% less for larger office spaces without all of the facilities provided to co-working members. Lately, the coworking giant has been on a leasing streak, while also developing its new medium-business solution, HQ by WeWork, and expanding its retail business, WeMRKT. The company is also looking at expanding its presence in New York City with a new headquarters planned on Madison Avenue near Rockefeller Center.
Since becoming Manhattan’s largest private office tenant, WeWork has signed leases for several other properties including Fifth Avenue, Lexington Avenues and 35 East 21stStreet covering more than 350,000 sq ft. Most of the offices are for HQ by WeWork customers, which typically pay 15% to 20% less for larger office spaces without all of the facilities provided to co-working members. The company is also looking at expanding its presence in New York City with a new headquarters planned on Madison Avenue near Rockefeller Center.