WeWork says it will renegotiate nearly all of its leases - and it's another sign that commercial real estate is in trouble

• WeWork is attempting to renegotiate all of its leases for commercial office space, according to the company.
• The move is designed to help the company rightsize its cost structure after years of unsustainable growth.
• It's also worrying sign of deep trouble in commercial real estate as debts near maturity amid sagging property values. 

In a bid to lower costs and rightsize its business, WeWork said it is embarking on a plan to renegotiate nearly all of its leases with the owners of the buildings in which it rents space. 

The move is a sign of the company's ongoing distress, as it navigates the aftermath of a period of unsustainable growth, but it is also a warning sign for the broader commercial real estate industry.