Why WeWork Is Expanding Its Footprint in Orange County
WeWork is planning to open a third location in Orange County, which until now has been slower to adopt co-working than other Southern California markets.
“As our global WeWork platform has grown, we’ve seen interest in joining WeWork span far beyond our traditional tech startups and small business into professional services and enterprise,” Kley Sippel, general manager for Southern California at WeWork, tells GlobeSt.com. “Orange County is home to all those types of business, so it only makes sense that we’d start building the WeWork community there, too.”
The slower growth in Orange County, however, may not be a sign of lower demand for co-working. It could be that there are more facilities in Los Angeles available to accommodate the co-working space and the characteristics that WeWork needs in a building. “That may be because of the number of locations, perhaps,” says Sippel. If you look at inventory relative to available office space, we’ve actually been relatively aggressive in Orange County as well. Orange County will be crucial to our growth in 2019, with thousands of new desks coming online across the area.”
The newest WeWork location in Orange County fits the company’s needs. It is located on the sixth floor of the building, which is located in the Irvine Business Complex, and it will be the largest co-working facility in Orange County, able to accommodate more than 1,000 member. The building offers tons of amenities, which are important for the co-working brand, including bike storage, outdoor lounges, fitness and wellness center, a sky garden, parking, covered outdoor amphitheater, and on-site dining options. “The best WeWork locations are those that anchor the local community,” adds Sippel. “Since first exploring The Boardwalk project it was clear that this flagship property from would becoming a center of gravity for the Irvine area and the perfect spot for our next WeWork location.”
The new location opens in Spring 2019, but it is expected to be popular, as are the other co-working projects in Orange County. “We’ve seen high occupancy across all our Orange County locations and interest in this property is strong,” says Sippel. “We recently began touring an expect The Boardwalk to open at record capacity for the Orange County area, and maybe even Southern California overall.”