WeWork Reports First Quarter 2021 Results
05/20/2021 | 05:37pm EDT
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WeWork continues to make significant progress in transformation of its business and strategic optimization efforts
Desk sales and occupancy trends improved sequentially during Q1 and WeWork has experienced continued strong momentum in Q2
Global desk sales increased sequentially throughout Q1, from 24k in January, to 25 in February and 38k in March, for a total of 87k desk sales in the quarter, or approximately 4 million square feet signed
Enterprise sales driving strong demand for WeWork’s suite of flexible product offerings; Enterprise represented 60% of total contract value signed in Q1