WeWork Joining With Yardi To Build New Workplace Tech Tool
Companies will be able to offer the software to employees to use in the owned or leased space as well as at WeWork locations.
Companies will be able to offer the software to employees to use in the owned or leased space as well as at WeWork locations.
Newmark and Cushman & Wakefield also participated in the Series A funding round for flexible workspace tech startup Upflex.
The partnership intends to give a boost to the return-to-office movement in cities around the world.
Investors in the current climate are gun-shy of risk, lack of profitability, cash-intensive businesses – and in the case of WeWork, a storied history.
WeWork is moving into the multifamily space with its first-ever agreement with a residential developer and a collaboration with building tech company Latch.
Demand for WeWork space has soared in D.C. in 2022. Now, there's a new Dupont Circle location to meet local companies' needs.
WeWork allegedly stopped paying rent after putting its 125 South Clark St. space on a list of underperforming locations late last year.
WeWork said at the end of 2022 that it would close 40 locations.
WeWork's 75K SF Burbank location first opened in 2017.
The coworking giant's 40 locations set to shutter were just 42% occupied.
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