Bob Thagard Bob Thagard

The co-working market is finally making a big splash in Orange County. Co-working operators have been active in Los Angeles and San Diego, and now the Orange County market is seeing an increasing demand for co-working space. The market has grown to more than 680,000 square feet. While the market is still said to be in its “infancy,” it is expected to grow thanks to the millennial population and adopting of technology in the workspace. We sat down with Bob Thagard, executive managing director in Cushman & Wakefield’s Irvine office, and Eric Kenas, research director of Greater Los Angeles and Orange County, to talk about how the co-working sector in Orange County has grown. What is driving the expansion of co-working space in Orange County? Bob Thagard: The strong millennial presence coupled with technological advances utilized by a multi-generational workforce, has placed a much stronger emphasis on on-site amenities and the employee experience in the workplace. Co-working spaces provide resources and infrastructure to a generation that, increasingly, makes their living outside of the traditional office. As companies seek to enhance their workplace experience, co-working facilities have become an attractive concept to both corporations and freelancers alike. This type of flexibility and service is most advantageous for smaller users as well as those looking for a short term commitment.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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