Co-working is breathing new life into obsolete and vacant retail, and giving landlords some relief. According to a new report from JLL, co-working companies leased a combined 75,000 square feet of vacant retail spaces in Los Angeles last year. Glendale, Santa Monica and Central Los Angeles were key markets were co-working operators turned to retail spaces as a new venue for space. Register Now *May exclude premium content Already have an account? Sign In Now
Obsolete or vacant US retail buildings are ripe for converting into co - working locations , according to a report by architects . It said such buildings are generally centrally located , providing flexible retail access to shops and restaurants , while at the same time generating revenues for businesses above the standard retail rate . JLL reported in 2018 co - working firms occupying a total of 75,000 sq ft of vacant Los ##cale retail space .