(NEW YORK, NY) — WeWork is 74,000 square feet away from becoming the largest office tenant in Manhattan.
The eight-year-old company’s footprint currently represents just under 3 percent of office space in the city, but it could rise to as high as 10 percent over the next decade.
WeWork is currently the second-largest private office tenant in Manhattan. The company falls behind JPMorgan Chase, but not for long.
74,000 square feet is the typical size of a WeWork, and with such a rapid growth rate, the company could surpass JPMorgan Chase any day now.
Over the past year, WeWork has drastically increased its Manhattan presence by signing a 167,000-square-foot lease at 18 West 18th Street as well as a 100,000-square-foot lease at 214 West 29th Street.
Just last month, the company almost reached the milestone through a lease at the World Trade Center. The company was bidding for 220,000 square feet of office space; however, the negotiation fell through.
The co-working company continues to dominate the market and currently operates in more than 20 countries.