Industrious Secured Lease at Playa Vista Office

The firm signed for 21,000 square feet at a building formerly occupied by WeWork in Los Angeles.

Updated on Sept. 30, 2026 in Commercial

Screen-print poster illustration of a modern commercial office building facade with geometric windows, rendered in mustard, teal, and cream tones. — Flexible workspace provider Industrious has secured a 21,000-square-foot lease at 12655 Jefferson Boulevard in the Playa Vista neighborhood of Los Angeles. AI Illustration. Upload story photo >

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Industrious has leased a 21,000-square-foot office space at 12655 Jefferson Boulevard in Playa Vista. The location is set to replace a previous WeWork site, expanding the company's footprint in the Los Angeles market.

Why it matters

The deal arrives as the property owner faces financial strain, with a $54 million loan tied to the building currently in special servicing. Industrious continues to grow its presence in the region despite broader shifts in the office sector.

The new site at 12655 Jefferson Boulevard marks one of 20 Industrious locations in Greater Los Angeles. The building was purchased by Mani Brothers in 2017 for $82 million.

The players

Industrious

This company is a national provider of premium coworking and flexible office spaces.

Mani Brothers

This firm is a real estate investment and management company that owns commercial properties in California.

WeWork

This global company provides shared workspaces and offices for technology startups and other enterprises.

CBRE

This corporation is a global commercial real estate services and investment firm that provides brokerage and consulting.

The details

Industrious was represented by CBRE in the transaction for the Playa Vista property. The office is scheduled to open to members this winter.

Mani Brothers purchased the building in 2017.
The loan for the properties landed in special servicing in 2026.
The new office location is expected to open in winter 2026.

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Culture Shift

The expansion reflects a pivot in the flexible office market as established providers fill space left behind by previous operators. This trend highlights the ongoing consolidation of high-end coworking footprints within major metropolitan commercial hubs.

Local professionals and businesses in Playa Vista will gain access to a new flexible office option upon the site's winter opening. The transition replaces a vacant or former coworking space, potentially stabilizing activity levels within the commercial building.

The takeaway

Businesses looking for flexible space should monitor how new operators adapt to existing office assets in high-demand areas. Understanding the stability of building owners can also provide insight into the long-term viability of specific coworking locations.