WeWork signed a lease for 40,000 square feet to open a co-working space in Miami Beach.
CBRE’s Maggie Guajardo Kurtz and Nancy Cibrano, of N Cibrano Realty, were the brokers for the landlord at 350 Lincoln Road. The 50,000-square-foot building, owned by The Wings Group, is now fully leased.
“This property’s location on the doorstep of the world-renowned Lincoln Road, along with its unique, historic features, makes it ideal for WeWork’s first Miami location,” Kurtz said in a news release.
WeWork offers flexible leases, from individual desks to small office spaces. Tenants are supported with high-speed internet and conference rooms, and also get discounts on services such as Shopify, Uber, Zipcar and legal services. It has more than 20 locations.
“The vibrancy of Miami’s small business and start up communities is the perfect match for WeWork’s unique offerings and energy,” said Mark Lapidus, director of real estate at WeWork. “We look forward to opening our doors and fueling the growth of the city’s many small businesses.”
WeWork should open in Miami Beach in the first quarter.