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WeWork Closes Back Bay Location with Delayed Rent
WeWork has closed its location at 200 Berkeley St. in Boston’s Back Bay and rejected its lease with the building’s owner, John Hancock, as part of its bankruptcy proceedings, Boston Business Journal reported.
The coworking company also hasn’t paid rent for January at two other Boston locations, 33 Arch St. and 501 Boylston St. The closures and unpaid rent add to the challenges facing Boston’s office market, which is dealing with high vacancy rates and an influx of sublease space. Despite the closures and financial issues, WeWork still has seven locations open in Boston and one in Cambridge.
- ◦Lease
