WeWork ‘growing again’ in NYC — years after crashing and burning
Airfind news item
By Steve Cuozzo
Published on March 9, 2026.
WeWork, a real estate subleasing company, has signed a lease for 37,000 square feet at 511 Fifth Ave. between East 42nd and 43rd streets in New York, adding to its growing, 3.3 million-square-foot portfolio of coworking spaces in the city. This move comes as part of a global portfolio of 45 million square feet. The deal brings WeWork's presence to 36 Manhattan locations, including 500 Seventh Ave., where it has 186,000 sq ft. The company's global head of real estate, Peter Greenspan, stated that it is growing again in line with demand and is paying market rents. Despite its bankruptcy in 2023, WeWork has managed to successfully downsize, pay off debt and restructure leases.
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