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Regus Affiliates Start Scrapping Leases in Sign of Coworking Industry Struggle

Lease Rejections Could Have the Affiliates Exiting Over 100,000 Square Feet
The interior lobby of the Atlanta office building at 1 Concourse Parkway NE, where Regus has a Spaces coworking location. (CoStar)
The interior lobby of the Atlanta office building at 1 Concourse Parkway NE, where Regus has a Spaces coworking location. (CoStar)

Shared office provider Regus, with more than 1,000 locations in the United States and Canada, has now begun the process of walking away from some of its office leases in bankruptcy court as the pandemic cuts demand at coworking sites.

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