Search
 

L.A. Is One of the Top Markets for Flexible Space

With a booming tech market and a large student population, Los Angeles is seeing more and more corporate firms look into flexible office spaces.

By Kelsi Maree Borland | kelsimareeborland | Updated on August 09, 2017

Los Angeles is one of the top markets in the country for flexible office space, thanks to the market’s booming tech and start-up industries and its sizable student population. Now, corporate users are signing up for flexible spaces that allow them to be closer to talent and provide offices to mobile employees. LiquidSpace, a platform that pairs employees with short-term spaces, has produced its third quarterly report to track the niche office sector, and found a long runway of growth ahead for Los Angeles and the nation.

“There is a greater quantity and density of co-working spaces and shared workplace environments in L.A. on a per-capita basis relative to other similar or larger markets like San Francisco and New York. That reality reflects well with what we are seeing in transactional activity as well as a knowledge of the worker base there. L.A. from a employee base is at the high end of the scale for freelancer employees. One out of five employees in L.A. self reports as a freelancer,” Mark Gilbreath, CEO and founder of LiquidSpace, tells GlobeSt.com. “Where we see strong freelancer communities, we in turn see a higher amount of engagement with co-working and shared workplace environments and a higher percentage of customers transacting space on short terms versus long-term commitments to space.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.