May 9, 2018

WeWork's impact on neighborhoods and cities

Mike Allen

Aerial view of a WeWork space — A WeWork in Shanghai, China. Photo: Jackal Pan/VCG via Getty Images

Los Angeles Mayor Eric Garcetti today will join WeWork founder and CEO Adam Neumann for the unveiling of a report showing economic ripple effects that the workspace company has on small businesses, neighborhoods and cities. The reports cover New York, Chicago and L.A.

By the numbers: In eight years, WeWork has built a global community of 250,000 members across 200 locations in over 70 cities around the world.

70% to 80% of members did not work in the neighborhood prior to joining WeWork.
In L.A., 28% of WeWork members rely on sustainable transportation, compared to 11% of workers citywide.
In Chicago, over 80% of members rely on sustainable transportation, compared to 38% citywide.

The reports follow yesterday’s announcement of Bjarke Ingles as the company's first Chief Architect.

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WeWork's impact on neighborhoods and cities

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