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WeWork Update- Week of November 25th 2019

Have you heard? Job cuts, immediate divestment, and rollback of services A class-action suit accusing former CEO Adam Neumann and current Softbank CEO Masayoshi Son was filed in the Superior Court of San Francisco late last week. The lawsuit alleges that top WeWork Directors breached their fiduciary duty to minority shareholders when they divested of […]
2Q2019 NYC Average Rents

Rent’s in the Nation’s largest office market have remained fairly stable over the past year despite a record low unemployment and continued expansion of tenants. Large tech giants like Google, Facebook, and Amazon, have dominated the market with unprecedented growth year over year. It’s also been another banner year for coworking providers like WeWork, Knotel, […]
What’s next for retail?

It’s hard to deny that retail has had a tough couple of years. The retail market oversaturation has caused mass store closures in 2019 with no end in sight. In 2018, we saw store closures from national and multi-national retailers such as Toys R’ Us, Sears, and Sam’s Club. These closures have resulted in over […]