WeWork is bouncing back, with the coworking company stating it sold enough desks throughout April and May to outpace its record-high desk sales in September 2019.
During that time in 2019, WeWork’s attempt to go public had just fizzled out and it was forced to cut expenses, lay off thousands of workers and oust its founder and former CEO Adam Neumann.
This news comes as vaccination rates continue to climb across parts of the world, and people become increasingly more comfortable to return to the physical workspace.
WeWork also stated that its occupancy rate, which once sat at over 70%, dropped to 47% last year, then rose to 53% by the end of May.
There appears to be a similar slow recovery for the coworking industry worldwide as companies turn to hybrid work models and seek flexible alternatives to traditional office space.