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WeWork says it will renegotiate nearly all of its leases

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markets.businessinsider.com/news/stocks/wework-renegotiate-leases-commercial-real-estate-trouble-interest-rates-defaults-2023-9

WeWork is attempting to renegotiate all of its leases for commercial office space, according to the company.
• The move is designed to help the company rightsize its cost structure after years of unsustainable growth.
• It's also worrying sign of deep trouble in commercial real estate as debts near maturity amid sagging property values.
In a bid to lower costs and rightsize…

This story from markets.businessinsider.com was posted on 2023-09-08 by @oceanblaze.

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