WeWork to Shut Down 241K SF Office at One Lincoln St., Boston's Largest Location

WeWork, a major coworking company, is closing its largest Boston location, located at One Lincoln St. in the financial district. This decision is part of WeWork's strategy to reject leases and downsize its operations.

Lease Rejection

WeWork has filed in a New Jersey bankruptcy court to reject its 241,000 square foot lease at One Lincoln St. Despite efforts to negotiate with the landlord, Fortis Property Group, WeWork will abandon the lease by May 31.

Impact on Boston

This closure adds to WeWork's recent decisions to reject leases at other Boston locations, totaling 274,000 square feet. The reentry of these spaces into the market further challenges Boston's struggling office environment.