WeWork Results Presentation Deck
FY 2021 market overview
3.
Systemwide gross desk sales (SF sold)(¹)
9
Consolidated gross desk sales (SF sold)(¹)
Consolidated new desk sales (SF sold)(¹)
Physical occupancy including SNO (2)
Enterprise as % of physical memberships
Average commitment length
All Access memberships (³)
Q1 2021
163k (9.8m SF)
120k (7.2m SF)
60k (3.6m SF)
47%
52%
21 mo.
15k
Q2 2021
202k (12.1m SF)
156k (9.4m SF)
97k (5.8m SF)
53%
52%
22 mo.
20k
Q3 2021
197k (11.8m SF)
153k (9.3 SF)
84k (5.0m SF)
60%
49%
21 mo.
32k
Q4 2021
217k (13.0m SF)
164k (9.9m SF)
87k (5.2m SF)
66%
47%
20 mo.
45k
FY2021
778k (46.7m SF)
593k (35.6m SF)
329k (19.7m SF)
66%
47%
20 mo.
Note: See "Terms and Definitions" pages for definitions of gross desk sales, enterprise as % of physical memberships, physical occupancy including sold memberships, and All Access memberships.
1. Assuming 60 square feet per desk sold.
2.
Includes an incremental 8k in Q1 2021, 21k in Q2 2021, 30k in Q3 2021 and 21k in Q4 2021 net memberships that have been sold and are under contract to move-in in a future period, or move out within the next two months. Q1 and Q2
occupancy represents physical only.
All Access memberships includes 4k other legacy memberships.
45k
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