As shared workspace office company WeWork aims to get out of bankruptcy by the end of the month, the company announced Monday it finished its review of its Colorado real estate.

WeWork filed several motions to assume – or keep – all six of its leases in the Denver metro area, where all its Colorado locations are concentrated. 

The coworking company wrapped up its review in most of the major metros in the U.S. and Canada including Denver, Chicago, Houston, San Francisco, Vancouver, Seattle, Salt Lake City and Washington D.C.

WeWork has decided to keep 97% of its remaining leases worldwide and said it found a path to reduce rents by more than $11 billion. The company said it kept on to its strongest and most popular locations.

“With our lease rationalization across the United States and Canada nearly complete, WeWork is positioned for a strong and bright future,” said Peter Greenspan, WeWork’s global head of real estate, in a news release.

WeWork first announced at the beginning of the month it was keeping two Colorado offices. The first offices WeWork planned to keep in the region were in downtown Denver’s Triangle Building, 1550 Wewatta St.,

and Boulder’s Canyon 28, 2755 Canyon Boulevard.

The company saw consistent demand in Denver and Boulder from small businesses, entrepreneurs and large companies, a WeWork spokesperson told the Denver Gazette after the first announcement.

“We remain in productive, ongoing conversations with many of our landlords in the Denver market and our goal in all negotiations is to remain in as many buildings as possible,” the spokesperson added.

Then last week, the company announced it was adding its five-story office space inside North Capitol Hill’s Wells Fargo Center, 1700 Lincoln St., to the list.

As the organization wrapped up its review, WeWork announced it plans to keep the rest of its Denver locations at the Financial House, Circa Building and Tabor Center. The motion still needs to be approved by the federal bankruptcy court in New Jersey with a hearing expected at the end of the month.

WeWork would not disclose how much it plans to save on rent in the Denver area.

In April, WeWork reached a settlement with its creditors and got more cash from its senior lenders in the midst of its bankruptcy proceedings. The company also rejected a $650 million offer from its former owner and cofounder Adam Neumann.

The company, run by SoftBank, was once valued at $47 billion after a rapid expansion before filing for bankruptcy in November 2023.

It canceled about 160 leases out of 450 locations during its bankruptcy and used bankruptcy protections to help reduce its rent costs.

The company estimates WeWork could be worth about $750 million after bankruptcy.

Reuters contributed to this report.