WeWork Investor Presentation Deck
China and Pacific occupancy cause Q3'19 mature occupancy to dip 178bps
Mature Building Occupancy(¹)
Key Mature Occupancy Drivers
93%
EMEA 91%
USCI
LatAm
Pacific
China
1Q '18
94%
91%
87%
89%
2Q '18
US, Canada & Israel
India
94%
89%
87%
83%
77%
3Q '18
92%
91%
88%
77%
81%
92%
89%
89%
75%
4Q '18 1Q '19
Europe, Middle East & Africa
Latin America
95%
90%
81%
79%
77%
2Q '19
-China
Pacific
89%
89%
88%
76%
69%
3Q '19
Europe, Middle East & Africa
(14% of mature desks)
US, Canada & Israel
(65% of mature desks)
Latin America
(7% of mature desks)
Pacific
(4% of mature desks)
China
(8% of mature desks)
Note: Figures exclude IndiaCo locations. Components may not add due to rounding. Occupancy reflects total physical memberships divided by total desks. Open desks defined as desks open within the first seven days of the last month of the period.
(1) Mature building occupancy at locations that have been open for greater than 24 months
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Key Drivers
4 buildings in London saw occupancy dip
below 80%
Increased proportion of mature Tier 2 cities
(e.g. Atlanta, Charlotte, and Dallas)
Increase driven by higher occupancy
locations in Sao Paulo
Occupancy dips below 70% in 4 of 8 mature
locations - Australia (2), Seoul (2)
In 2019, 55% of Naked Hub locations are
mature driving down mature occupancy
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