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WeWork Reduces Its Prices throughout Its U.S. Locations

Cecilia Amador de San JosébyCecilia Amador de San José
February 18, 2021
in News
Reading Time: 1 min read
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WeWork has reduced the price of most rental units, which points to a potential slow recovery following the coronavirus pandemic. Data compiled by Bloomberg found that the average price reduction ranged between 10% and 25%. 

The pricing information is not displayed to WeWork’s website visitors, but Bloomberg was able to obtain it from the source code of the website. 

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Disaster Avoidance Experts

WeWork isn’t the only one experiencing a drop in prices. Throughout the U.S. office rental prices have dropped as a consequence of the COVID-19 pandemic. Most workers throughout the country continue to work remotely, with only an estimated 20% being back in the office as of December, 2020. 

A CBRE forecast estimates that asking prices will drop by 7% by 2022 before they start to rebound to pre-pandemic levels. 

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Cecilia Amador de San José

Cecilia Amador de San José

Cecilia is an experienced writer and editor with a background in strategic communications. She has written articles for Allwork.Space on several topics, including the future of work, flexible workspaces, employee wellness., and more.

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