The lease signing underscores the continued popularity of alternative work spaces, where open formats, stylish furniture and beer taps cater to young professionals and their preferred way of work life.
Spaces, the cooler co-working offshoot of shared office space giant Regus, has inked a deal to occupy 33,806 square feet at Block D, the recently completed six-story commercial office building in East Village’s Makers Quarter.
Slated to open in early 2019, the new co-working venue will occupy the second, third and fourth floors at Block D, taking up more than half of the 60,000 square-foot “green” office development. Spaces will also have its own private entrance at Block D, which itself touts a number of creative office perks, including a natural ventilation system complete with rollup garage doors on every level and motorized exterior blinds.
The lease signing underscores the continued popularity of alternative work spaces, where open formats, stylish furniture and beer taps cater to young professionals and their preferred way of work life.
San Diego County is home to more than 1.2 million square feet of flexible workplaces, according to a May 2018 report issued by commercial real-estate brokerage Cushman & Wakefield. Flexible workplaces include both classic-format executive suites and the more millennial-friendly, open-format design popularized by New York-based real-estate upstart WeWork.
Founded in 1989 and based in Luxembourg, Regus is the subsidiary of International Workplace Group; it’s the top flexible work space firm in the San Diego market with 18 locations comprising 288,315 square feet. Locally, that’s more than double the space occupied by WeWork, which debuted here in December of 2016.
IWG’s hipper Spaces brand, which originated in Amsterdam and was acquired by Regus to appeal to 20- and 30-something entrepreneurs, has 124 locations with…
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Reprinted via San Diego
Photo Credit: Nick Merrick/Maker’s Quarter