03:18
+5 C°
Traffic jam:   0
$
77.1657
91.7809

Some WeWork tenants want memberships paused during pandemic

23 May 2020
1950
2 min.
1
Some WeWork tenants want memberships paused during pandemic

A large office sharing company has kept nearly all of its locations throughout New York City open during the pandemic, despite orders from the governor for non-essential workers to stay home.

Some tenants of WeWork say they're struggling to pay the bills for space they can't use and want their membership agreements paused or revised.

"All they care about is getting memberships, even though members can't access the space," said Joanna Savad, who rents office space on Greenwich Street in the West Village. "It doesn't make sense."

Savad said she hasn't been able to use the space, as her marketing and communications company isn't considered an essential business. She and her employees have been working from home.

"We are paying over $4,000 a month for a space, which is about 100 square feet," she said. "So the reason we are paying that much is really because of everything else they offer."

She didn't sign a lease with WeWork, she signed a membership agreement.

It's a membership that offers benefits like group activities for workers and communal perks that she's not getting right now. Savad compares it to have a gym membership, and she's one of a handful off business owners. Investigates spoke with who want their WeWork memberships put on pause or renegotiated.

WeWork is the largest private renter of office space in New York, and its renters include thousands of small business owners.

More than a dozen lawmakers sent the company a letter asking them to close its doors and suspend the collection of reimbursement fees. That was back in March.

"They're not negotiating, I mean even what if it was half off membership, anything, it's dangerous to go there," Savad said. "It just doesn't make sense."

In a statement, a spokesperson for the shared office space company said, "WeWork has been working closely with individual member businesses to offer mutually beneficial solutions, and ultimately has been able to provide concessions to an overwhelming majority of those that have requested one."

A spokesperson said they're providing essential services still like mail delivery and that some of the communal perks are still taking place now online.

Source: https://abc7ny.com/business/some-wework-tenants-want-memberships-paused-during-pandemic/6204614/

Companies1 in the news

WeWork
1 place
Section:

Discussion

Rating companies
Tesla
52 Mention
Apple
51 Mention
Amazon
49 Mention
Nasdaq
46 Mention
Dow Jones
40 Mention
Facebook
38 Mention
White House
31 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director