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CityLab Daily: Imagining New York Without WeWork
Also: When climate activists target public transit, and why asking for bike lanes isn’t smart.
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The big app fell: Not long ago, the coworking company WeWork looked like it was going to take over the world, or at the least the Big Apple. In 2018, WeWork became the largest office tenant in New York City, and today, it holds some 8.9 million square feet of the city’s office space. But after a stalled-out IPO and CEO Adam Neumann’s ouster, the company’s sudden decline has observers wondering: What will happen to New York’s real estate markets if WeWork goes under?