Flex Office Provider Expands in Miami

Mindspace office. Image courtesy of Sofia Henriques

The Gateway at Wynwood, a Class A office building in Miami, has leased 30,000 square feet to Mindspace. The entire sixth floor will be occupied by the global boutique flex office operator, which is set to install 435 workstations.

Owned by Aron Rosenberg, The Gateway at Wynwood offers 195,000 square feet of leasable office space in addition to 25,900 square feet of ground-floor retail. Built in 2021, The Gateway at Wynwood was designed by Kobi Karp. The Miami office building is LEED Gold Certified and features 24/7 security, parking, a car wash and flexible floorplans.

Located at 2916 N. Miami Ave., The Gateway at Wynwood is in proximity to the Design District, Midtown Miami and Edgewater. The property’s tenants include Ripple, Victory Polymers, Spearmint Energy, Baseline, DALIYAH and MIZU Rooftop Garden. According to CommercialEdge data, Mindspace has the largest office lease, with Ripple coming in second at 6,500 square feet.

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Mindspace amenities in Wynwood will include a parent’s room, a rooftop deck, private offices, privacy booths, meeting rooms, a podcast room and lounge areas. Members of Mindspace will have access to the Miami office as well as all other locations. Other sites include San Francisco, London, Washington D.C. and Tel Aviv. The Miami space is set to open in the spring of 2023.

R&B Realty Group is responsible for all property management for The Gateway at Wynwood, while Colliers acts as leasing broker. Colliers’ Stephen Rutchik, executive managing director, Tom Farmer, managing director, and Tyler de la Pena, director, led the Mindspace leasing deal.

Flex office space on the rise

In November 2021, Mindspace announced it had secured $72 million in funding and has since opened offices in Germany. The company has doubled its portfolio size over the course of 2022. Other flex office spaces have grown too. WeWork noted a 24 percent membership increase in 2021.

Flex office space is growing in popularity across many major metropolitan areas. According to a CBRE report, in 49 markets across North America nearly one-third saw their square footage expand in a year period ending last September. Despite the height of the pandemic being over, other factors, such as hybrid work models, support the flex office industry.