Story perspectives

WeWork Expands NYC Footprint Post-Bankruptcy, Revenue Rises

3/10/2026

Summary

Story summary

WeWork signed a 37,000-square-foot lease at 511 Fifth Ave, expanding New York holdings to 3.3 million.
The expansion follows WeWork's 2023 bankruptcy and a restructuring led by John Santora, CEO since 2024.
WeWork has adopted a disciplined approach by restructuring leases and reducing space.
WeWork reports that 87% of its New York locations are rented out.
Revenue rose to $2.3 billion in 2025 from $2.2 billion in 2024 as the company adapts to post-pandemic coworking demand.

1 of 1

Story summary

WeWork signed a 37,000-square-foot lease at 511 Fifth Ave, expanding New York holdings to 3.3 million.
The expansion follows WeWork's 2023 bankruptcy and a restructuring led by John Santora, CEO since 2024.
WeWork has adopted a disciplined approach by restructuring leases and reducing space.
WeWork reports that 87% of its New York locations are rented out.
Revenue rose to $2.3 billion in 2025 from $2.2 billion in 2024 as the company adapts to post-pandemic coworking demand.