Investor Presentation
WeWork represents an outsized portion of demand
Full-Year 2022 leasing activity
Market
WeWork as a %
of Market
Stock (1)
2022 Traditional
Market Square Feet
Leased (1)
2022 WeWork
Square Feet
Leased (2)
Equivalent % of
2022 Traditional
Square Feet
Leased (1)
WeWork 2022
Leasing as a
Multiple of Market
Stock
Boston
~1%
4,800k
860k
18%
14x
New York
~1%
24,270k
4,280k
18%
16x
Miami
~1%
3,540k
340k
9%
14x
San Francisco
~0.5%
11,000k
1,500k
14%
23x
Chicago
~0.5%
5,570k
610k
11%
23x
London
~1.5%
10,100k
3,500k
35%
22x
Dublin
~1%
2,620k
430k
16%
15x
Paris
Berlin
~1%
12,100k
1,280k
11%
16x
~0.5%
7,980k
720k
9%
29x
1. Please refer to "Market Share Methodology and Sources" for additional information.
2. WeWork leasing activity based on total new workstations sold and renewed in each market multiplied by 60 square feet per workstation.
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