U.S. Markets close in 3 hrs 31 mins

WeWork Opens Monthly Record Number of New Buildings

-- December Openings Continue Momentum, with More on Track to Open Before End of Year --

WeWork, the world’s leading co-working and space-as-a-service platform, reported that it has already opened a record 52 new buildings in cities across the world in December, with plans to open more by year-end.

New locations include 24 in the U.S., Canada, and Israel, and 28 in cities across EMEA, Latin America, China, the Pacific, and Japan.

"This monthly record number of new building openings is driven by strong demand from companies of all sizes for co-working in our beautiful, functional spaces, and the flexibility of our space-as-a-service platform," said Marcelo Claure, Executive Chairman of WeWork. "WeWork continues to provide an exceptional member experience, as we meet the evolving and global real estate needs of companies across our regions."

Additionally, the company continues to see strong demand for our space, signing more than 280 new enterprise companies in the past 90 days. Today, two-thirds of the Global Fortune 50 have memberships with WeWork. Organizations large and small increasingly seek cost-efficient, flexible and scalable workplace solutions and an environment that promotes productivity and employee engagement.

About WeWork

WeWork provides members around the world with space, community, and services through both physical and virtual offerings. Its mission is to create a world where people work to make a life, not just a living. WeWork has 625 locations in over 127 cities and 33 countries. Our 609,000 memberships represent global enterprises across multiple industries. We are committed to providing our members around the world with a better day at work for less.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191204005930/en/

Contacts

press@wework.com