Occupiers cite shorter commute times, proximity to the airport, more relaxed environment, and less traffic issues as the main reasons to move into coworking spaces in these areas. Hollywood is a popular hotspot for coworking, with almost 300,000 square feet of space devoted to this use, followed by El Segundo / Beach Cities area with a similar amount. Other Popular Locations: Despite the above, there is also a clear trend involving a preference for coworking space outside of central Los Angeles. Here we observe high occupancy levels that keep increasing year after year, especially so in Little Tokyo, South Park, Fashion District, Historic District, the Arts District, and Central City West. Los Angeles is a prime office market, so coworking is a cost-effective solution.ĭowntown LA: Although coworking spaces are very popular across the entire Los Angeles metro area (stretching as far as Long Beach, El Segundo, and Santa Monica), downtown Los Angeles remains by far the most popular location for coworking, with almost a quarter of the total shared space footage for the metro area. The importance of coworking goes beyond the market's size, as Los Angeles has a coworking culture that reflects the city's willingness to adopt innovation and set new trends.Ĭoworking is Cheaper: Tight market conditions and high prices of traditional office space have been determining factors contributing to the popularity of this type of office space. This makes the LA coworking market the second largest in the nation, after Manhattan. Shared Office Space & Coworking Los Angeles, CAĪccording to a 2018 report on the office real estate uses in the Greater Los Angeles area, there are approximately 3 million square feet of space devoted to coworking. Now it is not unusual for established companies to sign up for entire floors in coworking spaces, an option increasingly popular among large corporates and firms in entertainment, media, and technology.Īs happens in other cities with an important coworking scene, in Los Angeles there is a correlation between the number of coworking spaces and the strength of the information - knowledge sector, which is a firmly established industry in the local area. Monthly hot desking solutions cost from $200 to $350Ĭoworking in Los Angeles is no longer the exclusive domain of individuals or micro-enterprises in their early stages. Weekly costs range between $100 to $200.Suburban Los Angeles locations are typically 10 and 30 percent cheaper than in Downtown LA.Hollywood and El Segundo / Beach Cities are the favorite locations outside of central LA.Downtown LA is the most popular location for coworking in the city.Experience the ultimate in workplace flexibility with these collaborative and creative workspaces. Typically housed in fully serviced office buildings or dedicated cowork spaces, the Los Angeles coworking and creative office space for rent on comes with a host of included facilities, amenities and services as standard, with optional extras that you can pay for as and when you need them. Shared Workspace | Creative Space for Rent | Startup Office SpaceĪs the country's creative capital, LA is home to a thriving media and entertainment sector and boasts some of the best coworking spaces and shared offices to be found anywhere. Add your review More offices in California
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