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14 Nov 2023

WeWork Bankruptcy Exacerbates US Office Vacancy Crisis

WeWork's filing for Chapter 11 bankruptcy, with the firm planning to terminate some US leases, could exacerbate stress on commercial landlords. The co-working company, which presently operates in over 600 locations across major American cities, stands as a key tenant in many office buildings, where already 20% of spaces lay unoccupied. [Source](