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    How to Establish Your Remote Startup

    Here’s How to Establish Your Remote Startup

    How To Improve Your Workplace ESG Score

    How To Improve Your Workplace ESG Score

    MySpace Founder Shares His Insights On Social Media In The Future Of Work

    MySpace Founder Shares His Insights On Social Media In The Future Of Work, Plus Elon Musk’s Twitter Acquisition Debacle

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  • Tech
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    Christoph Fleischmann Of Arthur | Bridging The Hybrid Work Divide With Mixed Reality

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    Want Your Coworking Newsletter to Actually Convert

    Want Your Coworking Newsletter to Actually Convert? Start by Keeping It Simple, Fun, and Consistent

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

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    This Company Is Using YOLO Months To Support Hybrid Work

    The Room Where It Happens Matters: The Best Conference Room Designs To Help Your Hybrid Team Succeed

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  • Work-life
    Learn How To Make Your Professional Work Support Your Personal Wellness

    Learn How To Make Your Professional Work Support Your Personal Wellness

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    Charlotte-Lockhart-Thumbnail

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    Future of Work Podcast Charlotte Lockhart

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  • CRE
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    WeWork Stock Is Plummeting Despite Industry Growth

    WeWork’s Stock Is Plummeting Despite Flexible Workspace Industry Growth

    Its International Coworking Day 1

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    Hostile Work Environments Are Pushing 52% Of Black Women Out Of The UK’s Workforce

    Hostile Work Environments Are Pushing 52% Of Black Women Out Of The UK’s Workforce

    You’re Not Alone: 54.7% Of U.S. Salaries Haven't Kept Up With Inflation

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    Could Updating Employee Benefits Slow The Great Resignation?

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    The Great Rebalance: Why Losing Female Employees Hurts Everyone

    The Great Rebalance: Why Losing Female Employees Hurts Everyone

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Weeks Before It Goes Public, WeWork Sales Hit Monthly High For 2021

by Cecilia Amador de San José
October 8, 2021
in Business
Reading Time: 2 mins read
A A
WeWork Sales Hit Monthly High For 2021

WeWork reported that the company hit its highest monthly sales of 2021 in September.

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  • WeWork reported that the company hit its highest monthly sales of 2021 in September.  
  • The news comes as WeWork finalizes its plans to go public via a $9 billion merger with BowX Acquisition Corp.  
  • Experts predict that demand for flexible workspace solutions will increase post-pandemic.  

At an online investor presentation on Thursday October 7th, WeWork CEO Sandeep Mathrani, reported that the company had hit its highest monthly sales this year and that revenue reached $228 million.   

The news comes as the coworking company prepares to list on the New York Stock Exchange via a $9 billion merger with special acquisition company, BowX Acquisition Corp. 


Suggested Reading: WeWork’s Valuation “Defies Belief” When Compared to Regus Parent, IWG  

monday.com

During the online presentation, Mathrani “painted a bright future for the flexible office space company, despite the delays in the return to the workplace caused by the coronavirus pandemic,” Bloomberg reported.  

Mathrani told investors: 

“We are the right company at the right time,” he said. “Flexibility is at the core of what the future of the office is.” 

WeWork’s preliminary quarterly revenue reached ^658 million, up from $593 million in the previous quarter. Occupancy rates also improved in September, hitting 60%; while occupancy improved from the previous quarter, it has not yet reached pre-pandemic levels (an average of 70%).  

Flexible Workspace Demand Expected to Rise Post-pandemic 

Studies have found that demand for flexible workspace solutions will rise post-pandemic.  

A big part of the increased demand will come from corporate clients embracing hybrid work models.  

“According to the Instant Group, 75% of corporate clients are hoping to reduce CAPEX on workspace in the next year. One way they will do this is by adopting more flexible workspace solutions.   

One main driver behind this shift to flex is the move towards remote work. As more companies allow their employees to work remotely, the corporate footprint is expected to disperse and incorporate diverse locations.”  

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Tags: Coworkingwework
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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).

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