Photo courtesy of Google Maps

WeWork, once the biggest name in coworking in Boston, plans to reject a lease for one of its locations next to South Station.

The company occupies slightly over 30,000 square feet at 711 Atlantic Ave. in Boston’s Leather District neighborhood. The lease was one of three – the others being in Los Angeles and Austin, Texas – the company named in a filing earlier this week that it hoped to walk away from as part of ongoing bankruptcy proceedings.

The owner of 711 Atlantic Ave., an affiliate of the Plymouth Rock Assurance insurance company, will have a chance to object, according to the filing.

If successful, WeWork will still have seven locations in Boston, including a location in the One Lincoln Street tower just across the Rose Kennedy Greenway from South Station.

Mark Fallon, director of research and strategy at commercial brokerage Hunneman, called the move likely an attempt by WeWork to “consolidate into what they believe to be their most marquee high profile locations.”

Fallon said coworking still has a place in downtown Boston’s office market, contrasting WeWork with competitor Regus, which filed for bankruptcy during the COVID-19 pandemic and shed space at 800 Boylston St. but still managed to generate record revenue in 2023, in part thanks to a more judicious expansion strategy.

“Coworking isn’t a new concept and smaller companies/single operators value the flexibility and economics they can provide,” Fallon said in an email.

WeWork Seeks to Walk Away from Atlantic Ave. Lease

by James Sanna time to read: 1 min