WeWork’s revenue doubled last quarter as occupancy rate climbs

WeWork’s revenue climbed 110 percent to $342 million last quarter, according to a staff email Thursday regarding the unicorn’s financial performance. The increase comes as the co-working startup’s occupancy rate is on the rise, Bloomberg reported. It rose to 82 percent at the end of the first quarter, up from 73 percent a year ago, the report said. The company expanded to 73 cities — from 40 a year ago — and more than doubled […]

Source: Real Estate

Leave a Reply

Your email address will not be published. Required fields are marked *