Skyscrapers soar up from Congress Street in Boston's Financial District. File photo

After its CEO was unceremoniously shown the door last week, coworking giant WeWork said it plans to continue signing new leases, but at a slower rate than its previous breakneck pace.

“WeWork continues to sign new lease agreements with our landlord partners. We expect the pace of entering new lease agreements to slow over the next several quarters as we pursue more strategic growth and focus on accelerating our path to profitability,” a WeWork spokesperson told Banker & Tradesman.

The Financial Times reported last week that the company had halted the signing of new leases. The paper then reported on Friday that the company had resumed signing a “limited number” of deals.

Co-working providers occupy 3.8 million square feet of office space in Boston, Cambridge and Somerville, according to recent research by brokerage Avison Young. The latest WeWork deal this summer expanded its local footprint to approximately 1.6 million square feet and recently signed a lease for another 87,000 square feet in Back Bay. However, the size of its local footprint has raised concerns about how it might impact the city office market in any eventual recession.

Skepticism about WeWork’s business model has mounted in recent weeks after it delayed a planned initial public offering. WeWork leases buildings and divides them into office spaces to sublet to members, which include small businesses, start-ups and freelancers who can’t afford permanent office space. But with location operating expenses – mostly rent – amounting to some 80 percent of revenue, it has been heavily reliant on cash infusions from its private investors.