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IWG will open a new Spaces location in West Hollywood, taking over a former 48,000 square foot WeWork space.
The location situated on North La Brea Avenue will feature 160 private offices, 12 meeting rooms, as well as 10 phone booths.
WeWork ended its lease last year after it offset some of its underperforming locations, which caused it to lose money.
IWG’s commissioned research shows that 70% of job candidates are seeking hybrid work arrangements, with half of employees threatening to leave their jobs if they are forced to return to the office full-time.
“Companies are rapidly appreciating that one size does not fit all when it comes to hybrid work,” said Mark Dixon, founder and CEO of IWG. “They are now adapting their approach to meet the new expectations of their employees, while taking advantage of the many competitive advantages that hybrid brings, including reduced costs, improved productivity and increased talent retention.”
