WeWork tops JPMorgan as No. 1 New York tenant as coworking booms [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
WeWork tops JPMorgan as No. 1 New York tenant as coworking booms | Reuters 2 Min Read NEW YORK (Reuters) - WeWork Cos said it surpassed JP Morgan ( JPM.N ), the biggest U.S. bank, as the largest tenant of Manhattan office space, a milestone highlighting growing demand for flexible leases. WeWork, a provider of co-work spaces with flexible leases that now has more than 50 locations in Manhattan, said in a blog post on Monday it signed a lease for 258,344 square feet at 21 Penn Plaza. The move makes it the largest private occupier of office space on the island with more than 5.3 million square feet. JPMorgan, the largest U.S. bank by assets, has 5.2 million square feet, according to brokerage Cushman & Wakefield. Flexible space accounted for 12 percent of Manhattan leasing activity in the first six months of the year, according to brokerage CBRE, and WeWork was responsible for about half of that as companies in search of extra space embrace coworking. Flex space providers sign long-te
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/18/24 - Form 424B2
- 4/18/24 - Form 424B2
- 4/18/24 - Form 424B2
- JPM's page on the SEC website