Hey Monkeys,
I'm sure many of you follow WeWork IPO. I've always had a question on the possible leasing concession terms they can get being a VC sweetheart and the biggest tenant in NYC. How long of free rent can they get, say in NYC?
As per S-1, they do NOT adjust for amortization of lease incentives but instead to use it to offset capital investment in new locations. As they expand rapidly, there seems to be a timing mismatch between revenue and lease costs (especially when concessions are granted to Wework in the form of free rent).
Thoughts?
Veniam vel enim voluptas omnis ullam id. Doloremque qui voluptatum excepturi optio aut. Ut aut eaque doloribus molestiae vitae laudantium.
Inventore qui similique ea ex aut similique. Inventore iste suscipit consequatur dolores ipsam voluptatem quae. Asperiores reiciendis dolorem dolorum sit ducimus nisi aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...