WeWork Offices Are Now Just as Full as They Were Before the Pandemic
Occupancy rate last quarter matches the one from late 2019.
Members work in the cafeteria at a WeWork office in New York in 2019.
Photographer: David 'Dee' Delgado/BloombergThis article is for subscribers only.
WeWork Inc. said offices were 72% full at the end of the second quarter, matching the occupancy rate from before the Covid-19 pandemic in late 2019 for the first time.
WeWork’s occupancy rate — the percentage of its total desks that were rented out — dropped dramatically during the first year of the pandemic, when many tenants canceled their rental contracts and decided to work from home. That metric hit its low point of 46% a year later.