WeWork's Impact on Property Value

WeWork, the world's largest coworking space founded in New York in 2010, now has a valuation of over $16 billion dollars. Their recent valuation is comparable to the market values of Vornado and Boston Properties. 

With data from Falkon, RE:Tech recently ran a sample study on the benefits of coworking operators like WeWork and their impact property valuation.

  • Since lease commencement, WeWork has increased property value by 25.4%.
  • 1 Little West Street increased in value by 123% one year after WeWork began operations.
  • Average Property Valuation: $16.8M
  • Average Percentage Appreciation: 25.4%
  • WeWork Valuation: $16B
  • Total Equity Funding: $1.43B