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A WeWork Bankruptcy Would Be a Problem for New York

More Than Half of the Coworking Provider’s Space Is in Less-Desirable Buildings

The potential abandonment of more than 5 million square feet of office space would weigh heavy on New York's office market. (Getty Images)
The potential abandonment of more than 5 million square feet of office space would weigh heavy on New York's office market. (Getty Images)

With the recent news that WeWork may file for bankruptcy as early as next week, the potential fallout would largely affect the New York office market where WeWork has more locations than any other city, and by a large margin.

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