WeWork has opened a forty five,000-square-foot coworking area at Pontegadea’s 1.2 million-square-foot Southeast Monetary Middle in Miami. That is the corporate’s first new location within the metropolis since 2019.
Again then, WeWork dedicated to 89,300 sq. toes on the property, occupying 4 full flooring. Final yr, the placement was listed within the agency’s schedule of assumed unexpired leases.
Nonetheless, the corporate’s new footprint at Southeast Monetary Middle at the moment spans solely two flooring. The coworking area options a number of communal work areas, assembly rooms and personal places of work.
Different facilities embrace a father or mother’s room, wellness room, cellphone cubicles and EV charging stations. The corporate additionally redesigned the area from an enterprise setup to a coworking surroundings as a part of its initiative to speculate as a lot as $100 million in upgrading its world areas all through 2025.
The biggest workplace constructing in Florida
Designed by Skidmore, Owings, and Merrill and accomplished in 1981, the property contains Florida’s largest and tallest workplace constructing. Southeast Monetary Middle consists of two buildings rising 55 and 15 tales, with floorplates averaging 23,000 sq. toes.
The tenant roster on the LEED Gold-certified high-rise contains Morgan Stanley, Rialto Capital and JLL, in addition to a number of legislation companies, corresponding to White & Case, Shutts & Bowen LLP and Winston & Strawn, based on CommercialEdge knowledge. Southeast Monetary Middle has been below Ponte Gadea’s possession since 2016, when the corporate acquired it from J.P. Morgan Asset Managemen, for $516.6 million.
WeWork, these days
WeWork has had a presence in Miami since 2015. The corporate’s area at Southeast Monetary Middle is its fifth location within the metropolis, with the opposite 4 at Brickell Metropolis Middle, Wynwood Storage, Giralda Palace and 2222 Ponce De Leon Blvd. The closest flex workplace to Southeast Monetary Middle is lower than 1 mile away at Brickell Metropolis Middle, the place the corporate leases 78,562 sq. toes of coworking area.
As of February, the variety of coworking areas throughout the nation had elevated by 25 p.c in comparison with the earlier yr, reaching a complete of seven,814 areas, a CommercialEdge workplace report exhibits.
The Southeast leads in each the variety of areas, which totals 1,960 areas, and sq. footage, which provides as much as 33.3 million sq. toes. Nationally, complete coworking area grew by 15.2 p.c to 140.1 million sq. toes, accounting for two.0 p.c of all workplace area.
