L.A. Is One of the Top Markets for Flexible Space

Los Angeles is one of the top markets in the country for flexible office space, thanks to the market’s booming tech and start-up industries and its sizable student population. Now, corporate users are signing up for flexible spaces that allow them to be closer to talent and provide offices to mobile employees. LiquidSpace, a platform that pairs employees with short-term spaces, has produced its third quarterly report to track the niche office sector, and found a long runway of growth ahead for Los Angeles and the nation.

“There is a greater quantity and density of co-working spaces and shared workplace environments in L.A. on a per-capita basis relative to other similar or larger markets like San Francisco and New York. That reality reflects well with what we are seeing in transactional activity as well as a knowledge of the worker base there. L.A. from a employee base is at the high end of the scale for freelancer employees. One out of five employees in L.A. self reports as a freelancer,” Mark Gilbreath, CEO and founder of LiquidSpace, tells GlobeSt.com. “Where we see strong freelancer communities, we in turn see a higher amount of engagement with co-working and shared workplace environments and a higher percentage of customers transacting space on short terms versus long-term commitments to space.”