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WeWork's retrenchment caused a deep drop in Q4 2019 commitments and other providers were expected to pick up the slack in Q1 2020, says a CBRE report. But such plans never materialized, stymied by the advent of COVID-19.
"It could've been very easy for them to throw their hands up and decide that it wasn't a good time or it wasn't the right time and be able to back out of that deal," said Eric Wojak, development director for TTRG.
In many instances, the commercial property and sales tax revenue generated from a WPG asset is essential to the municipality within which it is situated, Louis G. Conforti writes.
Realogics Sotheby's International Realty makes moves to further establish market share in the Greater Seattle Area at a time when luxury sales are on pace on new inventory and new sales are constant.