Seattle & Northwest 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

Seattle & Northwest  + Seattle  + Office  | 

WeWork Closing Capitol Hill Location Amid Bankruptcy

WeWork, the global co-working giant, will close its Capitol Hill location on 11th Avenue, the latest shuttering of the company’s spaces following its bankruptcy. Founded in 2010, WeWork has hundreds of locations across the globe, including in downtown Seattle, the Chinatown-International District, Ballard and Bellevue, reported the Seattle Times.

In November 2023, the Softbank Group-backed office share company filed for Chapter 11 bankruptcy protection in New Jersey federal court. The company, once valued at $47 billion, reported liabilities ranging from $10 billion to $50 billion, according to the filing.

“As part of WeWork’s strategic restructuring efforts, we have made the difficult decision to end our operations at Kelly-Springfield,” the spokesperson said in a statement sent to Capitol Hill Seattle Blog. “We have offered affected members the option to relocate, with our support, to our other Seattle locations and deeply apologize for any inconvenience this may cause.”

Connect

Inside The Story

WeWork

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.