WeWork puts aside plans to lease more corporate areas in Brazil

The pilot project, entitled Station by WeWork, will start in October, with investments of R$44 million.

The company does not plan to expand in the country by leasing new corporate areas

09/23/2022

In an interview with Valor Econômico, WeWork's CEO for Latin America, Claudia Woods, stated that the company does not plan to expand in the country by leasing new corporate areas. According to the executive, WeWork has started to bet on its growth through the marketplace, where it will manage shared offices with partners.

The pilot project, entitled Station by WeWork, will start in October, with investments of R$44 million. According to the report, the next countries to receive the Station will be Mexico and Colombia.

The proposal to expand in the Brazilian market with the marketplace seeks to expand the brand's presence without the large expenses that involve leasing corporate properties, such as renovations, and fixed costs, such as condominiums and rent.

SiiLA monitoring indicates that in the last two years, the occupancy by coworking companies in corporate slabs in the CBDs regions of São Paulo, considering classes A+ and A, grew 2%, totaling 136,544 sq meters. In Mexico, the coworking sector adds up to 366,0535 sq meters of occupied area in the markets of CDMX.

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