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Corporate co-working is seeing a big expansion in Phoenix—yet another sign of the market’s growing office sector. Serendipity Labs, a co-working model that serves corporate customers, is entering the Phoenix market with nine new locations. The first location, a 32,000-square-foot hub at Holuloa LaPour mixed-use development Camelback Collective, will open in January. Serendipity Labs is expanding throughout the West Coast, focusing on growing markets with a strong corporate office presence.

“We are growing throughout the West, and Phoenix is an important market in general, because of its size and because of its corporate presence,” John Arenas, chairman and CEO of Serendipity Labs, tells GlobeSt.com. “We were attracted to Phoenix because of the strategic necessity of us serving corporate users. We are looking our development in Phoenix as a hub-and-spoke approach where we build a network of locations within the market. Every market that we are entering, we are opening up several locations. It turns out that Phoenix, because of the way that it is set up geographically, it is set up for nine or 10 locations.”

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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 GlobeSt.com 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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