[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.