WeWork has closed one of its Brooklyn locations after an employee tested positive for COVID-19. The company has irresponsibly kept all its U.S. locations open throughout the pandemic on the grounds that some of them operate “essential businesses.”
- Why it matters: This is not the way for new CEO Sandeep Mathrani to gain trust with the real estate community and WeWork tenants. Seems reckless and shortsighted.
- Month-to-Month leases come back to haunt WeWork: One tenant told TRD: “They are putting all the members’ lives at risk while trying to keep their employees safe at home just to continue to profit off many small business owners.” Internal WeWork message boards have shown anxious tenants who will not be returning when social distancing guidelines are eased.