Q2 2022 Results
WeWork represents an outsized portion of demand
Q2 2022 leasing activity
Market
WeWork
Committed
WeWork
Physical
Occupancy Occupancy
WeWork as
a % of
Market
Stock (1)
Q2 2022
Traditional
Market Square
Feet Leased (1)
Q2 2022
WeWork
Square Feet
Leased (2)
Equivalent % of
Q2 Traditional
Square Feet
Leased (1)
WeWork Q2
Leasing as a
Boston
58%
57%
~1%
1,360k
270k
20%
Multiple of
Market Stock
14x
New York
68%
68%
~1%
5,900k
1,080k
18%
16x
Miami
94%
97%
~1%
720k
110k
15%
28x
San Francisco
75%
75%
~1%
3,480k
310k
9%
12x
London
79%
78%
~1%
2,600k
870k
34%
24x
Dublin
78%
80%
~1%
500k
220k
45%
37x
Paris
86%
80%
~1%
2,500k
320k
13%
20x
Berlin
91%
86%
~0.5%
2,280k
130k
6%
18x
1. Please refer to "Market Share Methodology and Sources" for additional information on methodology and sources.
2. WeWork leasing activity based on total new desks sold and renewed in each market multiplied by 60 rentable square feet per desk.
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