WeWork is expanding its North Texas presence with two more locations in Fort Worth.
The New York-based coworking concept leased space at 420 Commerce St. on the building’s third floor, in addition to space in Sundance Plaza at 505 Main St., according to a report from the Dallas Morning News.
Combined, the two new shared office spaces will add 650 WeWork desks to the Fort Worth market. WeWork opened its first Fort Worth open at the 270-acre Clearfork development earlier this year.
Both of the new spaces are slated to open next spring or summer.
In total, WeWork has six locations in North Texas, with three spots in Dallas and another two in Plano.
North Texas’ business growth continues to attract coworking spaces jockeying to bring in new tenants.
Last month, the Dallas Business Journal reported three new coworking office leases have been announced in the region. Dallas-based Common Desk plans to bring a 26,500-square-foot space to Fourteen5, a new office development off the Dallas North Tollway in Addison.
“Fourteen5 is a visionary project with a robust amenity set, and it provides the perfect space for our exciting entry into Addison,” said Nick Clark, founder and CEO of Common Desk.
Clark added that his company has received multiple requests over the years to open a location in the Addison area.
Venture X, a Florida-based company, announced two new franchised locations this month as well. One will span 22,500 square feet on the fifth floor of the One McKinney Building at Hall Street and McKinney Avenue in Uptown Dallas.
Another, announced a week after the first, will be one of Venture X’s largest in North Texas. At nearly 24,000 square feet, it will occupy the top two floors of Campbell Centre’s north tower. The office complex is located at North Central Expressway and Northwest Highway in Dallas, near NorthPark Center.
Both Common Desk and Venture X are among the coworking companies looking to capitalize on North Texas’ freelance community and growing demand for office space. While Common Desk and Venture X have multiple spaces open or under development in DFW, the companies face competition from other concepts. Executive Workspace, Serendipity Labs and CENTRL, are working to establish footprints in North Texas.
Still, Venture X’s President Tom Weber told the Dallas Business Journal last year that the company has big plans for DFW.
“Venture X decided to launch its flexible workspace in Dallas because of the astounding business growth the market is facing,” he said at the time. “The brand wants to associate itself with the positive advancements in the market.”
By Staff report
Article published originally via “coworking” – Google News https://www.bizjournals.com/dallas/news/2018/12/04/wework-fort-worth.html