WeWork CEO John Santora Continues to Expand Empire in NYC with Latest Lease in Lower Manhattan's 250 Broadway
WeWork's expansion in New York City continues with a new lease in Lower Manhattan, further solidifying its dominance in the co-working market.
After temporarily halting its expansion efforts in New York City, WeWork's CEO John Santora has announced that the company is once again on the hunt for "the right building in the right markets" to secure new leases. And it seems that Lower Manhattan is still a top priority for the co-working giant, as they have just signed a lease for 60,000 square feet at AmTrust RE's 250 Broadway.
WeWork's continued expansion in the city comes as no surprise, as New York has always been a key market for the company's ambitious growth plans. With this new lease, WeWork will undoubtedly solidify its dominance in the co-working market in Lower Manhattan, where it already has a significant presence.
While some may see this as a controversial move, with some even questioning the sustainability of WeWork's business model, Santora remains confident in the company's success. In his own words, "for the right building in the right markets, we'll take a new lease." And it seems that Lower Manhattan is definitely the right market for WeWork.
Originally reported by The Real Deal.
https://therealdeal.com/new-york/2025/07/08/wework-grows-back-in-new-york-city-with-large-lease/