Dr. Gleb Tsipursky – The Office Whisperer
Nirit Cohen – WorkFutures
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Jonathan Price – CRE & Flex Expert
Coworking provider Breather is being sued by the landlord at its 336 West 37th Street location, stating the firm owes $91,000 in unpaid rent.
IGS Realty Co. filed the lawsuit on Monday, stating that Breather has failed to pay rent at the location since April. The suit states that the landlord sent Breather a default notice in November, but the coworking firm has yet to start paying rent.
This is one of many reports of coworking providers facing lawsuits from landlords. For instance, Knotel has had 21 lawsuits totaling $10 million filed against it. Additionally, IWG recently had a $4 million lawsuit filed against it after the closure of one of its Chicago locations.
2020 has been a trying time for the coworking industry. However, Breather was one of the few providers that did not lay off any employees throughout the pandemic, but it did lay off 17% of its staff in December 2019.
Breather hired investment bank Moelis & Company to look into selling the company or raising more capital last month.
