Wednesday 1 April 2020

WeWork offers rent discounts as incentives to secure long-term leases

WeWork has reportedly offered some customers generous discounts on their rent if they agree to sign long-term lease agreements. The co-working giant made the offers to reduce the number of cancellations during the pandemic, according to Bloomberg, which cited sources familiar with the matter. WeWork regularly uses price adjustments as incentives for its tenants, whom it calls members. The latest offers have been more frequent because of the virus, Bloomberg reported, but it is unclear



source https://therealdeal.com/2020/04/01/wework-offers-rent-discounts-as-incentives-to-secure-long-term-leases/

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