As Doubts About WeWork’s Future Rise, Landlords Look for Backup Tenants

Landlords leasing spaces to WeWork have been increasingly approaching rival venture- and private equity–backed office rental startups, such as Codi, Industrious and Serendipity Labs, to gauge their interest in taking over WeWork spaces ahead of a possible WeWork bankruptcy, say industry executives.

One challenge for landlords, however, is that some startups aren’t enthusiastic about taking on additional spaces, given the relatively weak demand for office space.