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WeWork Reduces Its Prices throughout Its U.S. Locations

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. 

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. 

ABOUT Cecilia Amador de San José
Cecilia Amador de San José

Cecilia Amador de San José, Senior Associate Editor of Allwork.Space, is based from wherever her laptop is. She enjoys traveling and visiting new flexible workspaces. If you'd like Ceci to check out your workspace, feel free to reach out to her at [email protected] (and send a plane ticket). View all posts by Cecilia Amador de San José

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