SAN FRANCISCO—Since the close of an $85 million Series C fundinground in 2018 and the appointment of Bryan Murphy as CEO inJanuary, flexible workspace provider Breather has focused its offeringsto address the trend toward longer-term hybrid real estatesolutions that provide the flexibility of co-working with the privacy of traditional leases. And, in thefirst half of 2019, Breather added 11 new spaces in San Franciscoand Los Angeles totaling 30,245 square feet, bringing its WestCoast portfolio to more than 110 spaces. Breather operates a globalnetwork of more than 500 private on-demand meeting spaces andoffices in 10 cities.

“The rising cost of commercial real estate in San Francisco andLos Angeles is forcing businesses to make a trade-off betweenflexibility and privacy. As epicenters of the country's tech andentertainment industries, the high value placed on original ideasand intellectual property makes this trade-off an especiallydifficult one,” said Jenny Hahn, breather's director of realestate. “As we grow our portfolio of flexible private spaces forlong- and short-term use, we're helping eliminate this risk andunlock business growth.”