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The surge in co-working leases that accompanied the rise of WeWork will take a pause in the aftermath of the startup’s abandoned IPO, a prominent New York developer said Thursday.

In recent quarters, as much as 25 percent of office leases in New York have gone toward flexible workspace. But a “precipitous drop” may come over the next six to nine months, said Scott Rechler, chief executive officer of RXR Realty, which owns buildings including 75 Rockefeller Plaza.

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