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.