WeWork Is Ratcheting Up Broker Commissions to Lure New Tenants https://finance.yahoo.com/news/wework-ratcheting-broker-commissions-lure-190006193.html?soc_src=social-sh&soc_trk=tw via @YahooFinance

“The company is offering commercial real estate brokers worldwide a 100 percent commission on the first year of rent paid by any tenant who switches to WeWork from a top competitor and signs a lease by October 1. Tenants also get half off the first year’s rent if they sign for at least 12 months. That means, accounting for the discount, that WeWork’s current bonus to brokers is five times the standard commission it typically offers of 10 percent on the first year’s rent.”

V V comments: Lol.

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