WeWork is going to give Cushman, CBRE and JLL agents bigger commissions

by Knotel: April 20, 2018

WeWork is opening its wallet to give office brokers bigger cuts if they fill coworking spaces.

The $20 billion startup signed agreements with CBRE, Cushman & Wakefield and JLL in North America, giving their brokers a 20 percent fee on a one-year lease and 5 percent on expansions and renewals, the Commercial Observer reported.

For the last year, WeWork has been offering individual brokers 10 percent on the first year of a lease and 2 percent for expansions and renewals.

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