WeWork closing four Denver locations to ‘rightsize’ its footprint
BusinessDen file)
WeWork is contracting its local presence in a big way.
A spokeswoman said Tuesday that the New York-based coworking firm is closing four existing locations in Denver: The Vault, at 821 17th St.; The Hub, at 3601 Walnut St.; The Lab, at 2420 17th St.; and Civic Center Plaza, at 1560 N. Broadway.
WeWork leased approximately 230,000 square feet across the four locations, according to data on CoStar.
“Over the last 12 months, WeWork has continued to rationalize its global real estate portfolio as a part of the company’s plan to achieve profitability,” the company said in a statement. “With an abundance of supply in the market, we have made the decision to rightsize our footprint across Denver where we will continue to provide our members with unmatched space, service, and flexibility.”