Industrious Signed Playa Vista Coworking Lease
The operator has secured a 21,000-square-foot office space in Playa Vista, replacing a former WeWork location.
Updated on Sept. 30, 2026 in Commercial
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Industrious has officially signed a new lease for a 21,000-square-foot coworking space located at 12655 Jefferson Boulevard in Playa Vista. This move marks a replacement of a previous WeWork office at the property.
Why it matters
The transition underscores a shifting landscape in the local commercial office market, as coworking operators reshuffle within buildings struggling with debt. This property, owned by Mani Brothers, is currently tied to a loan in special servicing.
Industrious is entering a 21,000-square-foot space in a building that carries a $54 million loan currently in special servicing. This location adds to the 20 existing Industrious sites across Greater Los Angeles, a region where coworking space accounts for 2.6 percent of total office inventory.
The players
Industrious
A coworking office operator that maintains 20 locations throughout the Greater Los Angeles area.
Mani Brothers
A commercial real estate ownership group that acquired the 12655 Jefferson Boulevard property in 2017.
CBRE
A global commercial real estate services firm that represented Industrious in the lease transaction.
The details
Industrious is taking over the site at 12655 Jefferson Boulevard previously occupied by WeWork. The deal was brokered with the assistance of real estate firm CBRE. The landlord, Mani Brothers, purchased the site in 2017 for $82 million, and the property now faces financial headwinds with its debt load.
Timeline
Mani Brothers purchased the building in 2017.
The building loan landed in special servicing during 2026.
The new office is expected to open in winter 2026.
The Home Front
Coworking spaces now comprise 2.6 percent of the total office inventory across Los Angeles. This move reflects the continued evolution of office leasing patterns as operators navigate the financial realities of commercial property debt.
If you are a remote worker or business owner looking for flexible space, track the opening schedule for this Playa Vista location as it prepares for a winter 2026 debut. Keep an eye on regional office trends if you own property or invest in the local commercial sector.
The takeaway
The addition of this new office helps stabilize the tenant occupancy for a property currently held in special servicing. Check the official Industrious website for updates regarding membership availability and the specific opening date later this winter.
Further reading
For more on how shifts in local office space use impact the region, see our coverage of Commercial.
Source note: This article includes information reported by The Real Deal New York.
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