WeWork Solidifies Boston Portfolio with Revenue-Sharing Agreement at One Lincoln

Boston, MA - November 4, 2024 - WeWork, the leading global flexible space provider, today announced that it will continue to operate three floors at One Lincoln, a premier building in Boston's Downtown, under a new revenue-sharing agreement. This arrangement cements WeWork's long-term presence at the Class-A location and positions the company for a successful future in Boston.

"We're excited to renew our commitment to One Lincoln, a flagship office building in Boston and a fixture in our local portfolio," said Kate Harper, Vice President of Real Estate at WeWork. "WeWork is proud to be the flex operator of choice for trophy properties like One Lincoln, and we look forward to continuing to provide flexible workspaces that help propel Boston's businesses to new heights. We are thankful for the collaboration and partnership of the building's ownership and for the resulting agreement that positions us all for sustainable and strong operations well into the future."

WeWork has incorporated more alternative lease structures, like revenue-sharing agreements, into its portfolio to increase the value it delivers to members and landlords. Through such strategies, operators and owners of real estate can share in the growing demand for flexible work solutions and provide tenants with a differentiated workplace experience, while remaining competitive in today's office market. In fact, a recent survey found that in the next two years, 59% of companies plan to invest in flexible workspaces, believing the office drives profitability, productivity and culture.

About WeWork

WeWork was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we've become the leading global flexible space provider committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at wework.com.