LA leads nation in coworking space as traditional office demand plateaus
Los Angeles’ office market may still be grappling with sluggish leasing and elevated vacancy, but coworking operators are continuing to bet on the city’s appetite for flexible space. The metro area added 13 coworking locations in the first quarter, pushing inventory growth up 3.8 percent quarter over quarter, L.A. Business First reported, citing a new report from CoworkingCafe. The region now has nearly 8 million square feet of coworking inventory spread across 351 locations — the largest footprint of any market in California and the most coworking sites in the country. Coworking space now accounts for roughly 2.6 percent of […]This article originally appeared on The Real Deal. Click here to read the full story.
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