Industrious Opens LA Coworking Space

Flexible office provider Industrious has opened a new location at Westwood Center in Westwood, Calif. The company inked a leasing agreement with landlord Douglas Emmett for 20,752 square feet of coworking space in West Los Angeles.

The location will host 234 desks at the 333,830-square-foot property. Built in 1962, the tower rises 22 stories, featuring 30,202-square-foot floorplates and 14,500 square feet of retail space. It comprises amenities such as valet services, 24-hour security and on-site storage. Other tenants at the property include Savills, Gemini Partners and various law firms, according to CommercialEdge data.

The owner acquired the building in 2016 for $268.9 million, as part of a larger portfolio transaction amounting to nearly $1.4 billion, the same source shows. In 2021, Wells Fargo originated a $625 million loan for a collection of Douglas Emmett properties, including Westwood Center.

Located at 1100 Glendon Ave., within Westwood Village, the building is near Interstate 405, roughly 15 miles from downtown Los Angeles and less than 4 miles from The Getty. It is also some 5 miles from Santa Monica Airport and adjacent to the University of California.

Industrious’ expansion plans

The flex office provider also announced another coworking location in Santa Monica slated to open in winter 2024. This location will span 23,331 square feet comprising 242 desks. Also owned by Douglas Emmett, the building is located at 808 Wilshire Blvd., some 4 miles from Westwood Center.

The company has found that the best markets and submarkets for its locations are mixed-use neighborhoods that provide retail and dining options within walking distance, Industrious CEO & Co-Founder Jamie Hodari told Commercial Property Executive in a recent interview. This approach may lead to the coworking provider expanding in non-traditional office submarkets, Hodari added.