Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Home Press

Premier Workspaces Looks to Acquire Locations as WeWork Exits Leases Amid Bankruptcy

Premier Workspaces is actively engaging in discussions with landlords to secure locations affected by WeWork's lease exits.

Allwork.Space - PressbyAllwork.Space - Press
November 17, 2023
in Press
Reading Time: 4 mins read
A A
Premier Workspaces Looks to Acquire Locations as WeWork Exits Leases Amid Bankruptcy

Premier Workspaces is dedicated to working closely with landlords to secure these locations through management, joint-venture, or lease agreements while maintaining continuity of service for existing occupants.

More stories for you

You Won’t Believe How Much It Costs to Start a Coworking Space — Or How Profitable It Can Be

You Won’t Believe How Much It Costs to Start a Coworking Space — Or How Profitable It Can Be

16 hours ago
Jonathan’s Flex Diary Can WeWork’s New Campaign Win Back The Business World

Jonathan’s Flex Diary: Can WeWork’s New Campaign Win Back The Business World?

17 hours ago
London Flexible Office Provider Workspace’s Occupancy Falls As Large Clients Leave Following Rise Of Hybrid Work

London Flexible Office Provider Workspace’s Occupancy Falls As Large Clients Leave Following Rise Of Hybrid Work

1 day ago
11 Ways To Build Social Capital A Guide For Coworking Operators And Community Builders

11 Ways To Build Social Capital: A Guide For Coworking Operators And Community Builders

2 days ago
  • WeWork, as part of its bankruptcy filing, announced that it will reject over 60 leases in the U.S. and potentially try and renegotiate hundreds of other leases.
  • Premier Workspaces is actively exploring opportunities to acquire select coworking locations from landlords where WeWork is looking to exit leases due to the company’s ongoing bankruptcy proceedings.
  • Premier Workspaces’ acquisition strategy involves identifying and evaluating potential locations where WeWork is vacating leases, creating an opportunity for Premier to step in as the new operator.

Premier Workspaces, a prominent provider of flexible office space solutions, is actively exploring opportunities to acquire select coworking locations from landlords where WeWork is looking to exit leases due to the company’s ongoing bankruptcy proceedings.

WeWork, as part of its bankruptcy filing, announced that it will reject over 60 leases in the U.S. and potentially try and renegotiate hundreds of other leases. Premier Workspaces sees this as a unique chance to expand its footprint and strengthen its commitment to providing top-tier workplace solutions.

Premier has been in business for more than 21 years and has never had an unprofitable year. We are debt free and have never defaulted on a lease or filed bankruptcy. Premier brings stability, profitability, and operational experience no other operator can match.

“We are excited to announce our intent to takeover strategic locations as WeWork exits leases amidst their bankruptcy proceedings,” said Jeff Reinstein, CEO of Premier Workspaces. “This represents a win-win opportunity for all stakeholders, as we aim to ensure a seamless transition for both property landlords and existing WeWork clients at the affected centers.”

Premier Workspaces’ acquisition strategy involves identifying and evaluating potential locations where WeWork is vacating leases, creating an opportunity for Premier to step in as the new operator. The company is dedicated to working closely with landlords to secure these locations through management, joint-venture, or lease agreements while maintaining continuity of service for existing occupants.

The goal is to provide a stable and supportive environment for current occupants. The company, committed to delivering exceptional workspace solutions, including private offices, team rooms, coworking spaces, virtual offices, and meeting room facilities, leverages its well-established network of premium locations throughout the United States to accommodate the needs of both landlords and tenants affected by the WeWork situation.

“We understand the importance of providing reliable workspace solutions,” added Michael Pollack, VP of Real Estate “By taking over these prime office locations, we aim to facilitate the continued success of businesses and professionals while supporting our growth and commitment to the future of work.”

Premier Workspaces is actively engaging in discussions with landlords to secure locations affected by WeWork’s lease exits.  Having successfully taken over 52 distressed shared workspace locations from other operators in the past, Premier is well-equipped to stabilize operations and reposition the acquired locations within the market. This expansion into new office space locations will further strengthen Premier Workspaces’ position as a leader in the coworking industry.

Tags: Coworking
Share5Tweet3Share1
Allwork.Space - Press

Allwork.Space - Press

The Allwork.Space Press Room enables brands to broadcast their innovations and achievements, providing a streamlined channel for disseminating news and fostering meaningful dialogue with industry pioneers and thought leaders, ensuring their participation in shaping the Future Of Work®. Submit your Press Release Here

Other Stories Recommended For You

You Won’t Believe How Much It Costs to Start a Coworking Space — Or How Profitable It Can Be
Coworking

You Won’t Believe How Much It Costs to Start a Coworking Space — Or How Profitable It Can Be

byUltraSoftBIS
16 hours ago

Coworking spaces can be profitable but success depends on location, costs, and smart strategy.

Read more
Jonathan’s Flex Diary Can WeWork’s New Campaign Win Back The Business World

Jonathan’s Flex Diary: Can WeWork’s New Campaign Win Back The Business World?

17 hours ago
London Flexible Office Provider Workspace’s Occupancy Falls As Large Clients Leave Following Rise Of Hybrid Work

London Flexible Office Provider Workspace’s Occupancy Falls As Large Clients Leave Following Rise Of Hybrid Work

1 day ago
11 Ways To Build Social Capital A Guide For Coworking Operators And Community Builders

11 Ways To Build Social Capital: A Guide For Coworking Operators And Community Builders

2 days ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Yardi Kube automates flex and coworking operations

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00