WeWork's impact on neighborhoods and cities
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.