WeWork, the largest coworking company in the US, recently announced that it will occupy 50,000 feet in Heights Union an office building under construction in the Heights. The Heights is a mixed-use development on the northern end of downtown Tampa. WeWork is scheduled to occupy that site in early 2020. Shortly after that announcement, WeWork announced that it will open a second location at 501 East Kennedy in downtown Tampa. That lease is for 60,000 feet and the building will be renamed WeWork Place. Occupancy in the second location is also scheduled for early 2020. Finally, there are rumors that WeWork is also looking to open an office at MidTown Tampa where construction of Phase I is set to begin in the second quarter of 2020.
While not yet announced, reliable sources have indicated that We Work is also finalizing a lease for 30,000 feet at One Progress Plaza in downtown St. Petersburg.
All of this new coworking space bodes well for Tampa Bay’s burgeoning tech and startup scene. Startups have difficulty leasing traditional office space as their space needs can change dramatically making it hard for them to commit to a traditional long-term lease.
Click here for a list of all of Tampa Bay’s existing co-working spaces.
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