Knotel is continuing its reunion tour, signing a new 34,000 square foot lease in Malibu.
The coworking firm has inked a deal to open a new coworking space on Pacific Coast Highway — the largest office lease signed in the area in one decade.
Malibu, which is home to numerous celebrities, is a high-end suburb of Los Angeles. Although it initially doesn’t appear to be a hub for workspaces, the town is expected to add around 40,000 square feet of mix-use space in the near future.
This follows the trend of operators seeking to expand their presence in suburban areas and towns closer to workers’ homes as hybrid and remote work models become more popular.