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WeWork has issued a stark warning regarding its ongoing viability. “Our losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern,” WeWork reported to the SEC on Tuesday.
In a move that reflects Microsoft's efforts to streamline its office usage, the tech giant has made available for sublease 42,000 square feet of office space at 11 Times Square.
Twitter is taking steps to cut costs by subleasing office space at its New York City HQ. The company has listed nearly 200,000 square feet of office space for sublease at two interconnected buildings.
A few weeks ago, an advertising agency looking for furnished office space in Chelsea contacted OfficeSublets about finding a new office. Their office space search required a one-year lease, and they needed to move ASAP because their current office lease in Midtown was about to expire.