PropertyWhen WeWork sneezes, New York real estate catches a cold
Cash squeeze from delayed IPO threatens to push down office rents
The New York skyline: WeWork, as the largest private-sector office tenant in Manhattan, is deeply embedded in the city's real estate supply-demand dynamics. © Reuters
ALEX FANG and TAKENORI MIYAMOTO, Nikkei staff writers
September 28, 2019 07:11 JST
NEW YORK -- As WeWork shifts from rapid expansion to leaner growth, the slowdown in signings of new lease agreements could have broader implications for the New York real estate market, where the office-sharing startup is the biggest private-sector office tenant.