Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Boston & New England  + Boston  + Office  | 

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. 

Connect

Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Lease