Wework Halts All New Lease Agreements To Stem Losses - More than two dozen of wework's u. s. Landlords have withdrawn motions in recent weeks that asked a bankruptcy court to make the coworking space provider pay rent, a. Wework is halting all new lease agreements with property owners as the u. s. Wework has put a halt to the signing of new lease agreements with property owners as the lossmaking group tries to rapidly rein in costs, according to people briefed on the matter. Coworking giant wework is busy renegotiating with landlords its portfolio leases โ moving urgently in an already disrupted u. s. Office market to avoid filing for bankruptcy. New york โ wework said wednesday it will attempt to renegotiate nearly all of its leases and may exit some properties, an announcement coming just weeks after the.
More than two dozen of wework's u. s. Landlords have withdrawn motions in recent weeks that asked a bankruptcy court to make the coworking space provider pay rent, a.