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by andrewfong 2462 days ago
The anchors might lease, but it's essentially just them mitigating their risk at the expense of WeWork though, right? If Facebook leases an entire building via WeWork rather than doing it themselves (and they definitely have the capacity to do it themselves), it's because they've decided there's a good chance they'll vacate the space in a short period of time and they'd rather sign a short term contract with WeWork than deal with a 15 year lease. That's not great for WeWork though.