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goobster · 1473 days ago · link · · parent · post: WeWork Skips Some Rent Payments as Coronavirus Undermines Revenue
THIS. WeWork goes away, but the tenants stay and begin paying slightly higher rents to the building owners. Because the owners don't want the space vacant, anyone paying WeWork's rent can afford a little more, and the building landlord just hires someone to manage all the "small" contracts that were too small for them to consider as renters before. That is, once people are allowed to go inside the buildings again....