As WeWork and its rivals stumble\, 18 million square feet of space in NYC is at risk. Here\'s how that could intensify a real-estate market downturn.

As WeWork and its rivals stumble, 18 million square feet of space in NYC is at risk. Here's how that could intensify a real-estate market downturn.

Business Insider Tuesday, 12 May 2020 ()
As WeWork and its rivals stumble, 18 million square feet of space in NYC is at risk. Here's how that could intensify a real-estate market downturn.· In recent years, flexible-workspace firms grew dramatically in New York, amassing a nearly 20-million-square-foot portfolio of space that could now result in vacancies.
· Flexible-space firms have had layoffs, sought to restructure and terminate leases, and face an uncertain future as a result of the coronavirus...
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