[jcstauffer]

> Almost certainly, the video glosses over (read: ignores) the likely fact that the 47.2bn is over that 15 year average, and the 3.4bn is over the 15 month average, so this doesn't necessarily represent a shortfall in the long term.

$47.2bn/15 yrs = $3.15bn/yr lease obligation $3.4bh/1.25 yrs = $2.72bn/yr lease revenue

So, if they can manage to continue leases at their current rate, they'll be losing $400m/yr.

[jiveturkey]

Thank you for mathing it! That's very helpful.

Big office spaces go un-rented for long periods between tenants. In WeWork's case, maybe they expect shorter dead times.

Keep in mind also, 15 years on WeWork's side means they've locked those prices in, whereas 15 month terms on the client side means rents will go up on each renewal. (assuming no downturns in real estate, of course.)

So, this might pencil out to break-even or a few millions in gross profit ... over 15 years. Hardly a good business.