WeWork Entices Brokers from CBRE, JLL and Cushman with Bigger Commissions

WeWork, a $20 billion co-working 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, according to Bisnow.

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.

WeWork, which pulled in $900M in revenue last year, plans to open 200 new locations this year.