90-day game plan
Better day at work for less
(1)
Better place to work
Enhanced flexibility for specific real estate needs
80%
of members report
increased productivity
since joining WeWork
78%
15 years
Shorter
lease
term
WeWork vs standard lease cost per employee
10 representative city centers in the United States, Europe, South America
and Asia
66%
$21,594
savings
Buildout:
Construction
Procurement
$4,436
Operations:
Base rent
Maintenance
Cleaning
Complete
flexibility
Printing
of enterprise members say
we have helped them
Illustrative Enterprise
wework
Lease Term (2)
FIXED
VARIABLE
attract
and retain talent
New lease accounting standards may further incentivize
CFOs to sign flexible / short-term commitments
Utilities
Insurance
Property tax
F&B
Events
Design
$17,158
$7,304
Standard lease
+ Buildout
wework (4)
+ Operations (3)
(1) Source: Global Impact Report commissioned by us and produced in partnership with HR&A Advisors, Inc. ("Global Impact Report") and WeWork member census.
(2) Represents average term of our leases with third party landlords.
(3) Sources: Building Owners and Managers Association (BOMA); CoStar Office Market Statistics; International Facility Management Association (IFMA); CBRE Office Occupancy Costs; Cushman Global Occupancy Report 2017; and third-party research. Comparison data represents annualized costs based on
an average of ten select city centers in the United States, Europe, South America and Asia that are representative of our key markets. "Standard lease" includes the costs associated with food and beverage, events, utilities, insurance, property taxes, facilities management and base rent. "Build-out"
includes the costs associated with construction, procurement and design services offset by a tenant improvement allowance amortized over an illustrative five-year lease.
(4) Represents average revenue per WeWork membership for the six months ended June 30, 2019 across the same ten select city centers as above.
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