Debt Restructure and WorkPlace Signed Deals
WeWork represents an outsized portion of demand
Q1 2023 leasing activity
Market
WeWork as a %
of Market
Stock (1)
Q1 2023 Traditional
Market Square Feet
Leased (1)
Q1 2023 WeWork
Square Feet
Leased (2)
Equivalent % of Q1
2023 Traditional
Square Feet
Leased (1)
WeWork Q1 Leasing
as a Multiple of
Market Stock
Boston
~1%
730k
120k
16%
12x
New York
~1%
3,920k
920k
23%
20x
Miami
~1%
570k
90k
17%
20x
San Francisco
~1%
1,740k
360k
21%
40x
Chicago
~0.4%
1,120k
100k
9%
24x
Dublin
~1%
273k
70k
27%
27x
Paris
~1%
1,880k
220k
12%
17x
Berlin
~0.3%
1,480k
130k
9%
27x
1. Please refer to "Market Share Methodology and Sources" for additional information.
18
2. WeWork leasing activity based on total new workstations sold and renewed in each market multiplied by 60 square feet per workstation
3. London Market data is not yet available as of publication of this presentation
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