WeWork is continuing its expansion in Detroit by adding another floor of 1001 Woodward to its footprint. The New York City-based shared workspace provider signed on to lease the entire fourth floor, which spans 11,000 square feet, of the downtown office building from Bedrock, said Dan Leppink, senior leasing associate for the Dan Gilbert-owned property management company. The expansion brings WeWork's total footprint in Detroit to around 85,000 square feet and 11 floors between 1001 Woodward and Bedrock's Merchants Row at 1449 Woodward Ave. WeWork plans to open the new space Nov. 1, according to a company spokesman. The space was previously occupied by the University of Phoenix. The for-profit school opened there in 2011, and Bedrock inherited it as a tenant when it bought the 23-story office tower in 2013, Bedrock spokeswoman Sam West said. University of Phoenix closed its metro Detroit on-site operations last year. The terms and length of the lease with WeWork were also not disclosed. WeWork declined to say how much it is investing in build-out of the space. The average lease rate at 10001 Woodward is $26 to $32 per square foot, according to CoStar Group. "There has been great demand for this location since we opened last year, and we're thrilled to be able to provide the WeWork experience to more small businesses, mid-sized companies and even large enterprises," Megan Dodds, general manager of Midwest at WeWork, said in a written statement. WeWork has more than 1,500 desks in downtown Detroit. The company declined to say how many are occupied. Its clients include Planet M Landing Zone, Techstars Mobility, Pinterest and May Mobility. The expansion brings the 283,000-square-foot office tower to nearly 100 percent occupancy. "(The relationship has) allowed us to bring new industry and new companies to the city of Detroit and allowed them a seamless process to get up and running from day one," said Jen Skiba, Bedrock's vice president of leasing.
metro has signed a lease for the entire fourth floor of 1001 apartments in downtown Detroit . The 900 sq ft space , which is scheduled to open on 1 November , takes metro 's total space in the city to 900 sq ft .