Real Estate
WeWork’s Former NYC Headquarters Taken Over by Coworking Rival
- Industrious strikes deal to manage office space at Tower 49
- WeWork has been culling pricey leases in recent years
Industrious said it signed a 10-year agreement to manage office space at Tower 49 in midtown Manhattan.
Photographer: Olivier Douliery/AFP/Getty ImagesThis article is for subscribers only.
WeWork Inc.’s former New York headquarters spot has been taken by a coworking competitor, Industrious.
Industrious said it signed a 10-year agreement to manage office space at Tower 49 in midtown Manhattan, where WeWork used to have its headquarters. Industrious will oversee roughly 240,000 square feet (22,300 square meters) of space across 16 floors at Kato International’s 12 E. 49th St.