WeWork Plans To Triple Its Real Estate Activity In 2017

WeWork is already a dominant force in office markets around the world, particularly New York, where it is one of the biggest occupiers of office space in the city. The co-working unicorn's global head of real estate said it is going to take off even more this year.

WeWork has 140 open locations in 44 cities in 14 countries, with more than 8M SF of office space worldwide, WeWork global head of real estate operations Matt Fry said at Bisnow's NY Workplace of the Future event Thursday morning. "We’re going to double that, our real estate footprint, in the calendar year 2017 in terms of openings, and [we're planning on] three times the number of real estate transactions this year as opposed to last year," he said. "Growth is off the charts." By real estate transactions, a WeWork official clarified it could be something as small as a new floor in a building in which WeWork already has space. The growth will happen globally; in 2017 alone, WeWork launched or will launch in cities like Vancouver, Charlotte, Nashville, Buenos Aires, Rio de Janeiro, Paris, Beijing and Frankfurt.

Via bisnow.com