opened as a co-working company Cruz Campus office in downtown Los Angeles next month, the tenant companies typical environments are to create seek common work, common coffee and flexibility of a short-term contract lease.
But the location of 33,000 square meters on the Wilshire Boulevard company is also a less typical variety, including real estate developers, law firms and FactSet Research Systems Inc., a number of financial data publicly traded company in Connecticut, more than 8,000 people worldwide.
Long the domain of technology entrepreneurship and individual workers, large companies such as FactSet, Delta Air Lines and homebuilder Lennar Corp. Now offices Coworking rent. And many are trying to do so for the same reason, start-ups are attractive concept: hip environment and lack of commitment to a job offer leasing shortly.
"The business world begins to look into this," said Olshansky Ronen, CEO of Campus de la Cruz, a company co-working is based in Santa Monica. "They appreciate the flexibility."
Rising demand has companies like Cruz campus expansion through Los Angeles and helped the nation to fill vacancies and rents all market participants to increase commercial real estate.
The companies have a private office tenants, often in a shallow glazed with other companies that share facilities such as pool tables, cafes and meditation rooms. You could also events such as lunch Bloody Mary and speaking entrepreneurs.
A company or individual entrepreneur can even renting an office if they do not need an office or not afford.
Coworking - which in the past decade in the last half of the technology - exploding boom - has given new opportunities for large companies, the conditions are jobs or operations for the introduction of new cities.
Normally they would have driven short - term contracts or employees in business centers - a more comprehensive version of the co-jobs today, said John Zanetos, Vice - President of Real Estate Services CBRE Group Inc.
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Elizabeth Brennan, Vice - President of FactSet said co-operation, the company makes a market without large financial commitment in an area to enter, which is often unknown. At the same time, employees receive a "hip, cool" workplace.
The location of the campus in Santa Monica Cruz FactSet is now, for example, provides the cock craft beer, craft coffee and the chance to take your dog to the office.
"These are to provide all the keys to the employees happy," said Brennan. "We are interested in the rooms that not only allow us to do great work and innovation work, but also the places where you want to go to work."
In the coming weeks, the company will move to data from the Santa Monica area in the center of the cross site Campus - comes from the city, which will have about 10 employees, who continue to have the access to the conference room and space Westside side ~~ POS = HEADCOMP should want to host a meeting.
"This is very useful because we have customers from downtown - city, we have customers near the beach," Brennan said.
In fact, the large distances in the region and independent divisions said the first Los Angeles basin for the growth of co-working are, Jamie Hodari, co-founder of the worker, a company that plans to open a center position - of common work in this summer city and Lennar as a tenant in other regions.
"More than any other place, have to offices in different parts of the city, is to be attractive," she said - her.
The cost may be lower than a normal lease office because less direct space, conference rooms can be divided and equipment and furniture are delivered generally required in the price.
For example, as a report from CBRE a traditional lease for 10 employees in Washington, DC, 1400-1900 square feet and cost between $ 72,000 and $ 97,000 per year should be on average, including configuration space needs tenants. A Co-job for 10 people, now runs between $ 52,000 and $ 84,000.
The same dynamics are at play in the Los Angeles area.
A site Campus Santa Monica Cruz, an office of 10 people starts about $ 4500 per month and includes offices, drinks, valet parking, and access to shared meeting rooms.
With an average rental rate of $ 4.53 per square foot per month on the west side, an office of 1,500 square meters would be $ 6,795 per month - and that is before a company paid for offices and all changes to the made settings such as the installation of a conference room ,
Meanwhile cooperating companies can make a profit, because they can pay more than a foot per square meter than the market, while more tenants on one floor packaging, Zanetos said.
The co-main company working nationwide WeWork based in New York, sustainable risk a company worth $ 16 billion, which is more than 75 locations in the US and worldwide.
WeWork opened a 91,000 square foot location in the center of the Gas Company Tower - Add center, two in Santa Monica and Hollywood - city in February, another hub. Offices in Pasadena, Culver City, Playa Vista and Irvine are also on the way.
In Santa Monica, WeWork tenants include Delta and Storage - company Dropbox cloud Inc. said Jon Slavet, West Coast General Manager WeWork.
Elizabeth Wolf, a door - Delta speech, so the company used as Heimats WeWork "temporarily" to "some members of our team, as they grow up in LA and looking for a new permanent office space in the city."
Another new wrinkle is working in co-tenant to sign multi-year contracts as the working environment, among other companies like - something that can not be created by the tenants themselves - same Slavet said.
"The people who have a month to month changes considered community in the past," he says - it.
FactSet Brennan said the company is likely to Campus Cruz exceed 1 day but I did not expect that little returns the size of the company to work together.
"Even with the robust growth, I think we'll be there for many years."
At this time - no, the company will have a better idea of where in Los Angeles he wants to eliminate.
andrew.khouri@latimes.com
Twitter: @khouriandrew
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