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WeWork Signs First NYC Lease Since 2019

WeWork has signed a 60,000-square-foot lease agreement with AmTrust RE at 250 Broadway, its first in New York City since 2019 and its first in the U.S. post-restructuring. The new location is expected to open in December and will span five floors.

“New York City holds immense value and opportunity for WeWork,” said CEO John Santora. “It’s not only where the company began and now operates over three million square feet, but it’s also one of the critical launchpads for our new era of strategic growth.”

AmTrust RE’s Anne Holker and a CBRE team of Brad Gerla, Michael Rizzo, and Alex Benisatto represented ownership. Peter Greenspan and Whitney Anderson from WeWork were represented by Peter Riguardi, Clark Finney, Alexander Riguardi and Dana Goldman of JLL.

The 250 Broadway lease occurs as WeWork plans to invest $80 million to $100 million to elevate its global portfolio in 2025, and as the company is seeing increased demand in New York City.

Read More News Stories About: WeWork
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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