WeWork Reports Best Sales Since Dropping IPO Plans in 2019
- Occupancy rate climbs to 53% in May, from 47% in late 2020
- Company vacated 17 buildings, revised 51 leases in April, May
A WeWork office facility in Chicago, Illinois.
Photographer: Scott Olson/Getty Images
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As vaccination rates rise and workers start to trickle back into offices, WeWork is having its best months in almost two years.
The global co-working company said Monday that it sold enough desks in April and May -- and had fewer cancellations -- to record its best net desk sales since September 2019.