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WeWork reports membership growth, best sales since 2019

1 month ago   |   By The Real Deal New York

As businesses seek greater flexibility in a post-pandemic world, WeWork's offerings could be regaining popularity. Following a tumultus 2020 spent reeling from a failed IPO attempt compounded by plummeting memberships during the pandemic, the co-working giant is reporting its best net desk sales in nearly two years, Bloomberg reported Monday. The company's office occupancy rate recovered to 53 percent at the end of May, Bloomberg reported Monday, up from 47 percent late last year, though
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WeWork posted it best sales since its botched 2019 IPO, but its offices are barely half full

1 month ago   |   By Business Insider

A WeWork office in Hangzhou City, Zhejiang Province, China.
Costfoto/Barcroft Media via Getty Images
WeWork had its best two months of sales since its plans to go public blew up in 2019.
Occupancy at its shared offices has grown to 53% as of March.
WeWork plans to go public through a blank-check merger.
See more stories on Insider's business page .
After more than a year of video calls from the kitchen table, workers are slowly returning to offices. And while that's a huge boon for city centers and many workers' mental well-being, it's perhaps an even bigger development for WeWork. The...
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