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IWG Sees Certain Markets Rebound
After over a year of the global office market attempting to stay afloat, IWG’s CEO believes that the worst is behind the company.
IWG said that the past three months was its “most challenging quarter” due to occupancy falling to 66% from 75% the year prior, causing it to leave behind underperforming locations.
Additionally, revenue dropped 21% compared to this time last year, which saw a record high of £528 million.
“It looks like the worst is behind us. We can see improving markets not across the board, but in a number of areas,” said Mark Dixon, chief executive at IWG.