Premier Workspaces Leases Space at Irvine Towers
The Irvine-based coworking provider will occupy about 20,130 square feet across a 10-year lease at the 18200 Von Karman Avenue complex.
Updated on Nov. 3, 2026 in Commercial
Premier Workspaces, an Irvine-based coworking provider, signed a 10-year lease for about 20,130 square feet at Irvine Towers. The space is at one of the complex's five buildings and will be Premier's 23rd location in Orange County.
Why it matters
The lease reflects continued demand for flexible office space in Irvine as traditional office vacancy in Orange County has eased. For the local commercial real estate market, it adds another operator to a growing segment of the office sector.
The lease covers roughly 20,130 square feet for a 10-year term at Irvine Towers. Orange County direct office vacancy fell to 11.5 percent in the third quarter from 12.3 percent a year earlier, and the rent and pricing terms of the lease were not reported.
The players
Premier Workspaces
Premier Workspaces is an Irvine-based coworking provider operating nearly 90 locations across the country.
The details
Premier plans to open more than 80 furnished private offices, meeting rooms and virtual office services at the site. The company said it was drawn to the campus because it offers the chance to build a substantial new location in a market where it has operated successfully for many years.
Timeline
Premier plans to move into the Irvine Towers space in early 2027.
The Orange County vacancy figure reflects the third quarter of 2026.
Market Landscape
The lease comes as WeWork shrank its footprint after its 2023 bankruptcy, opening room for independent operators such as Premier in the Orange County market. Los Angeles added 1.4 million square feet of coworking offices in 2025, a 16 percent increase over 2024, underscoring the segment's expansion across Southern California.
Irvine residents and businesses may see more flexible workspace options as Premier opens more than 80 furnished offices, meeting rooms and virtual office services at Irvine Towers. The expansion gives small companies and remote workers another local alternative to traditional long-term office leases.
The takeaway
Businesses seeking flexible office space in Irvine now have an additional coworking option at Irvine Towers. Comparing short-term workspace terms with traditional leases can help determine which arrangement fits current staffing needs.
Further reading
For more on the local office market, explore Irvine Commercial coverage.
Source note: This article includes information reported by The Real Deal New York.
