WeWork Statistics and Facts (2021) | By the Numbers



wework statistics facts

Here are a few of the most interesting WeWork statistics I was able to dig up. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.

wework statistics

Two of the most hyped buzzwords in business over the past couple of years have been unicorn and disruptor. While they not be quite as well-known as their startup counterparts that these buzzwords describe, co-working landlord WeWork certainly fits both of these buzz-worthy descriptions.

With a $40 billion+ valuation and a gigantic membership consisting of companies of all sizes, it is tough to overlook WeWork. I recently sat down to scrape together a few stats and facts about WeWork that help us understand just how big and widespread WeWork has become in just a few years.

WeWork Facts

  • Website: wework.com
  • Launch Year: 2010
  • Headquarters: New York, NY
  • Founders: Adam Neumann, Miguel McKelvey
  • What is WeWork:

WeWork is a global network of workspaces where companies and people grow together. We transform buildings into dynamic environments for creativity, focus, and connection. More than just the best place to work, though, this is a movement toward humanizing work. We believe that CEOs can help each other, offices can use the comforts of home, and we can all look forward to Monday if we find real meaning in what we do. (source)

WeWork Statistics

WeWork number of locations:


WeWork number of members:

 


Number of cities WeWork has locations in:


Number of cities in the US WeWork has locations in:

25 cities

Last updated 1/17/19


Number of countries WeWork has locations in:

29 countries

Last updated 8/17/19


Number of desks offered :

719,000 total desks

Last updated 11/13/19


WeWork's total occupancy rate:

90%

Last updated 7/23/19


Reported amount raised in private capital:

$8.4 billion

Last updated 7/23/19


Reported valuation:

$47 billion

Last updated 4/3/19


Average amount WeWork reportedly loses every hour:

$219,000

Last updated 7/3/19


Reported amount Softbank invested in WeWork:

$6 billion


Percentage of customers that have over 500 employees:

38%

Last updated 8/17/17


Number of members in China:

20,000 members

Last updated 7/27/18


Revenue for 2018:

$1.8 billion


2018 loss:

$1.9 billion


Revenue for 2017:

$886 million


2017 loss:

$933 million


Estimated 2016 revenue:

$532 million


Amount that big business leases generated in revenue for WeWork in 2017:

$250 million


Number of locations in Manhattan:

33 locations

Last updated 6/20/17


Number of locations in London:

17 offices

Last updated 12/6/17


Number of offices in China:

40 offices

Last updated 7/27/18


Number of locations in New York City:

57

Last updated 8/23/18


Average occupancy rate for New York spaces:

90%

Last updated 3/22/18


Estimated amount of space leased in New York City:

around 5.1 million sq ft

Last updated 8/23/18


Reported amount that WeWork purchased Meetup for:

about $200 million