WeWork has signed a lease for more than 116,000 square feet in Santa Monica. The location, at 3000 Olympic Blvd., will be called WeWork Lantana. It is scheduled to open in summer 2019. The value of the lease was not disclosed. The space will fit 1,100 members. WeWork has 19 other locations and roughly 1.2 million square feet in Los Angeles, according to data from CBRE Group Inc. WeWork already has locations in Santa Monica at 312 Arizona Ave. and 520 Broadway. WeWork is not the only co-working company rapidly expanding in Los Angeles. Last week CBRE announced that IWG-owned Spaces signed a lease for nearly 70,000 square feet in Santa Monica and a nearly 49,000-square-foot lease in Pasadena. Commercial real estate reporter Hannah Madans can be reached at hmadans@labusinessjournal.com. Follow her on Twitter @HannahMadans For reprint and licensing requests for this article, CLICK HERE.
WeWork has signed a lease for its third location in Santa Monica, Los Angeles. The company is also looking to open another office in the city and will be moving into an existing building on Pico Boulevard this summer.