Adam Neumann leaves a global empire of coworking spaces. These are the cities with the most WeWork offices, and how much they cost.

Business Insider 1 month ago
  • WeWork CEO Adam Neumann stepped down Tuesday after the company delayed its highly anticipated IPO.
  • Neumann created a global WeWork empire during his reign, expanding to more than 110 cities in 29 countries. New York City has the most spaces with 60 locations, followed by Shanghai and London. 
  • Here are the 15 cities with the most WeWork offices, and how much it costs to rent space there.
  • Read more WeWork news here.

WeWork's cofounder Adam Neumann may be out as CEO, but he leaves behind a massive global empire of coworking spaces.

During his reign, Neumann expanded WeWork from its New York City headquarters to more than 110 cities across 29 countries. The company currently offers 604,000 workstations globally.

New York City has the most coworking spaces with 60 locations, but Shanghai and London each have over 35 spaces, according to UK-based gaming-supplies company Liberty Games. The company analyzed the number of WeWork offices around the world in a report on the best cities for coworking spaces. Per that research, renting an office can cost under $300 in Mexico City for a hotdesk (shared table space).

Neumann stepped down as CEO Tuesday after delaying its highly anticipated IPO due to concerns over the company's murky growth strategy and reports of being over-valuated. The CEO himself came under fire for leasing a handful of buildings that he owns back to WeWork, a potential conflict of interest.

Still, here are where the ousted CEO opened real estate across the world — and how much it costs to rent space in US dollars: 

15. Chicago, USA, has 11 total spaces.

14. Boston, USA, has 11 total spaces.

13. Mexico City, Mexico, has 14 total spaces.

12. São Paulo, Brazil, has 14 total spaces.

11. Paris, France, has 14 total spaces.

10. Seattle, USA, has 15 total spaces.

9. Washington, DC, has 16 total spaces.

8. Tokyo, Japan, has 16 total spaces.

7. Seoul, South Korea, has 17 total spaces.

6. Beijing, China, has 21 total spaces.

5. San Francisco and the Bay Area in the US has 26 total spaces.

4. Los Angeles, USA, has 27 total spaces.

3. Shanghai, China, has 37 total spaces.

2. London, UK, has 47 total spaces.

1. New York City, USA, has 60 total spaces.


Source link
Read also:
Business Insider › Finance › 1 month ago
Adam and Rebekah Neumann, the founding couple behind WeWork, left the coworking company after its disastrous IPO. In March, Forbes estimated that Adam Neumann was worth $4.1 billion. Since then, Forbes has downgraded the ousted WeWork CEO, estimating...
Business Insider › Finance › 1 month ago
Some board members at coworking startup WeWork aim to push out CEO Adam Neumann, according to a report from the Wall Street Journal. The board could meet this week and might discuss Neumann becoming WeWork's nonexecutive chairman, the Journal reported...
Business Insider › Finance › 2 weeks ago
Ex-WeWork CEO Adam Neumann inspired Halloween costumes this year. WeWork has been in the news for its failed IPO attempt and ousting founder Adam Neumann. The company has since been bailed out by SoftBank, and Neumann reportedly received $1.7 billion...
Business Insider › Technology › 2 weeks ago
Convene is a coworking and event space with offices in New York and 5 other cities. With WeWork's cancelled IPO, some analysts are questioning the coworking business model, but Convene has raised $260 million in equity funding and continues to grow...
Business Insider › Lifestyle › 2 months ago
Rebekah Paltrow Neumann cofounded WeWork in 2010 alongside her husband, Adam Neumann, and Miguel McKelvey. Investor pushback has led WeWork to strip back her influence over the company, including removing her from succession planning in the event of...
Business Insider › Finance › 1 month ago
WeWork is considering selling its 23% stake in the women's coworking space The Wing, Bloomberg reported on Tuesday. WeWork's percentage of The Wing was worth over $58.8 million in June, according to WeWork's IPO filing. WeWork is reportedly looking to...
Business Insider › Technology › 1 month ago
WeWork Japan has appointed a new CEO just days after WeWork boss Adam Neumann stepped down. Kazuyuki Sasaki replaces Chris Hill, who was WeWork Japan's CEO since the company first entered Japan in 2017. Sasaki previously served as WeWork Japan's...
Business Insider › Finance › 3 weeks ago
Current and former WeWork employees said they were upset with the payouts that former CEO Adam Neumann will received in SoftBank's rescue deal. Neumann will resign from WeWork's board but still earn a consulting fee. One New York employee said "people...
Business Insider › Finance › 1 month ago
WeWork is running into major roadblocks as it attempts to go public. The company's cofounder and CEO Adam Neumann is stepping down amid concerns with his management style and self dealing. In addition to Neumann stepping down, his wife and cofounder...
Business Insider › Finance › 1 month ago
Former Twitter CEO Dick Costolo called out WeWork CEO Adam Neumann in a profile of Neumann published Wednesday in the Wall Street Journal. "The degree of self-dealing," Costolo said Neumann, "is so egregious, and it comes at a time when you've got...
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google
OR