WeWork renting desk spaces to entrepreneurs; tenants worried about their finances
With more than 100 locations across the city, WeWork has kept all its doors open during the coronavirus pandemic, and now many of those tenants are worried about their safety and finances.
Some people who would be working at WeWork but are now working at home are wondering why they’re still paying.
"I don't know what the finances of my business are going to look like next month, six months from now, I cannot afford to pay $450 a month for a membership rent essentially that I can't use,” said CEO of Practice Makes Progress, Jill Raney.
Sources say attendance is down at least 90%. Meanwhile, the New York Post reports that at least seven WeWork members have contracted the coronavirus.
WeWork declined to comment on the exact number of cases. The company says they have to stay open because it provides essential services like mail and supports essential workers who run their business out of their facilities.
They told News 12 that they, “Are speaking to members individually to understand how (they) can support them.”
"If you want to pay your April or May rent in say, November, in addition to your November rent, we can do that if that helps,” said Raney.
Some reports reveal that WeWork has been negotiating plans on some of its own rent payments.
"So boldly a cash grab and not actually about their financial obligations. Or their moral obligations,” said Raney.