Phoenix among JLL-represented WeWork markets
WeWork has selected JLL as leasing agent for 38 locations in seven cities nationally, including its locations in metro Phoenix. In this role, JLL will act as an extension of WeWork’s in-house sales team, providing agency leasing for small occupiers as well as enterprise companies seeking creative and flexible solutions.
In addition to Phoenix, JLL will market and lease co-working and flexible space in New York City, Boston, Atlanta, Dallas, Denver and San Francisco. JLL Managing Director Ryan Timpani and Senior Associate Nick Bialkowski from the Phoenix office of JLL will lead the assignment locally.
The availability of office space and sublease space has increased significantly during the past year. However, flex space has become increasingly attractive as it provides a wide array of additional options and flexibility to companies that may need to pivot as conditions change. Now more than ever, businesses are hoping to adjust quickly to the “new normal” and WeWork can provide a turnkey solution that businesses of all sizes can scale as necessary, as their workforce evolves.
“We are excited to work alongside JLL during this time of rapid change in the office environment,” said Shyam Gidumal, president and chief operating officer of WeWork. “JLL’s deep industry knowledge, experience, and relationships will enable us to connect with the expanding range of small to large enterprise tenants who can benefit from WeWork’s portfolio of flexible space offerings.”
“Phoenix is experiencing an influx of new market requirements – a scenario in which the availability of high-quality, turnkey flexible office space is critical,” said Timpani. “WeWork spaces give companies a way to quickly plant a flag here, immerse themselves in the local market and gather the labor and submarket familiarity they need to put strategies for long-term local growth into action.”
JLL is a market leader in Phoenix, employing more than 646 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process. In 2020, the Phoenix team completed 75 million square feet in lease and sale transactions valued at $2.2 billion, directed $186 million in project management and currently manages a 54.2 million-square-foot portfolio.