WeWork ’s downfall followed a period of breathtaking expansion . The company signed leases in the US for a total of about 2.8 m sq ft in Q3 accounting for 69 % of all flexible lease ##s in the quarter , up from 68 % in Q2 and 60 % in Q3 last year . Julie Whelan, senior director of research at CBRE, said these numbers reflect deals that were signed before the headlines turned negative. At the end of Q2 , WeWork had one - third of the flexible space market , nearly twice as much as Regus , CBRE said . The sector has been growing about 26 % annually since 2010 and CBRE had predicted it would expand 30 % this year . However , it has since reduced its growth to 23 % for 2019 and no more than 15 % in 2020 .
WeWork ’s downfall followed a period of breathtaking expansion . The company signed leases in the US for a total of about 2.8 m sq ft in Q3 accounting for 69 % of all flexible lease ##s in the quarter , up from 68 % in Q2 and 60 % in Q3 last year . At the end of Q2 , WeWork had one - third of the flexible space market , nearly twice as much as Regus , CBRE said . The sector has been growing about 26 % annually since 2010 and CBRE had predicted it would expand 30 % this year . However , it has since reduced its growth to 23 % for 2019 and no more than 15 % in 2020 .