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WeWork tops JPMorgan as No. 1 New York tenant as coworking booms

from Business Times

WeWork said it surpassed JP Morgan, the biggest U.S. bank, as the largest tenant of Manhattan office space, a milestone highlighting growing demand for flexible leases. WeWork, a provider of co-work spaces with flexible leases that now has more than 50 locations in Manhattan, said in a recent blog post it signed a lease for 258,344 square feet at 21 Penn Plaza. The move makes it the largest private occupier of office space on the island with more than 5.3 million square feet. more

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