WeWork Will Close More D.C. Locations
After closing three Washington D.C. area locations back in October, WeWork will close an additional four spaces next month.
The workspaces that the company will move out of on February 26 are located in Crystal City, Dupont Circle, Chinatown and the H Street corridor. WeWork identified other nearby locations for members to relocate to.
The coworking firm revealed that it would be closing these spaces to “streamline our portfolio towards profitable growth” according to a spokesperson.
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The Dupont Circle location opened in 2014, while the Crystal City space opened in 2016 and is located in the same building as one of the company’s WeLive spaces.
Since the firm’s infamous failed attempt to go public in September 2019, WeWork has been reconfiguring its real estate portfolio in order to cut down on losses and eventually achieve profitability.
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