WeWork Slashes Prices Across the U.S. by 10%
Rental fees in some locations fell by as much as 25% as the pandemic keeps many workers at home.
Photographer: David 'Dee' Delgado/Bloomberg
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WeWork Cos. cut prices across the U.S. in the past few months, indicating that a post-pandemic recovery will come slowly for office rentals.
The New York-based company reduced the price of most rental units—from individual desks to small offices—in early November and again in January, according to data compiled for Bloomberg by an independent researcher. The average price reduction overall was about 10%, the data show. Some locations declined by as much as 25%.