Zoe Demarco is a Staff Writer at STOREYS and was formerly the Urbanized Editor at Daily Hive. Born and raised in Toronto, she has a passion for the city's ever-changing urban landscape.
Following its bankruptcy filing earlier this week, WeWork has "rejected" leases at nearly 70 of its co-working spaces, including five in Canada.filed this week, the co-working company said it has "rejected" a total of 69 leases, effective November 6. More than half of the shuttered offices are located in New York City, where WeWork is headquartered.
In Toronto, WeWork has rejected its lease at 292 Adelaide Street West in the city’s downtown core, and shuttered its location at 171 East Liberty Street in Liberty Village.Leases at 1090 West Pender Street and 1045 Howe Street in downtown Vancouver have been terminated, as has the lease at 4635 Lougheed Highway in Burnaby. As part of its departure, WeWork has abandoned "miscellaneous furniture, fixtures, and/or equipment" at the sites.
"WeWork is going to emerge from this process as a much financially stronger company," Tolley said. "WeWork is here to stay and we sincerely look forward to continuing to work with each of you for many, many years to come."Colleges, Universities Descend On Toronto's Vacant Office Space
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