IBM has agreed to sign a membership deal for all desks in WeWork’s 88 University Place, in the first reported case of a single corporation taking an entire WeWork space in New York. The deal comes as WeWork tries to extend its appeal beyond startups and freelancers into the lucrative market for corporate clients.
The technology giant is set to move up to 600 employees to 88 University Place, sources told The Real Deal. The agreement means the building will essentially become IBM’s corporate office, but designed and managed by WeWork. The co-working company occupies eight floors covering around 70,000 square feet in the 10-story, 86,927-square-foot building.Read Complete Article