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WeWork Offers 50% Discounts to Tenants who Sign Longer Term Lease Contracts

Many of these discounts are aimed at tenants in the United States who have short-term contracts lasting only two or three months.

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WeWork’s offices in San Diego (USA).

The coworking space company, WeWork, has offered some of its tenants discounts of up to 50% of their rent if they sign long-term leases. This is the company’s strategy for minimising cancellations during the pandemic, according to Bloomberg.

Most of these sales are aimed at tenants in the United States who typically have short-term contracts lasting only two or three months. The New York-based company has frequently used these discounts to lock-in tenants.

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