News Summary
Serendipity Labs, a provider of flexible office spaces, is opening its first Orange County location in Costa Mesa at the former WeWork site. With 39,000 square feet planned, the facility will feature private offices, team suites, and meeting rooms designed for modern businesses. Memberships will also grant access to coworking spaces throughout their network. The opening is set for July 2025, marking a significant shift in the flexible workspace industry following WeWork’s bankruptcy closure.
Costa Mesa Welcomes Serendipity Labs
Serendipity Labs Inc., a New York-based provider of flexible office spaces, is set to open its first location in Orange County at the former WeWork site in Costa Mesa. The company has secured a lease for 39,000 square feet at Pacific Arts Plaza, located at 3200 Park Center Drive, directly across from South Coast Plaza and adjacent to the Segerstrom Center for the Arts. The opening of this facility is planned for July 2025.
Facility Features and Services
The new Serendipity Labs location is designed to meet the needs of modern businesses, featuring private offices and team suites that can accommodate up to 100 employees. Additionally, memberships will provide access to coworking spaces and on-demand meeting rooms. The layout and design of the facility aim to emphasize flexibility, agility, and service to support both employers and employees.
Members will benefit from access to work lounges and meeting rooms throughout the entire Serendipity Labs network, including their existing site in downtown Los Angeles. The new Costa Mesa location will also include amenities such as seven meeting rooms and access to a nearby conference center capable of hosting 100 people.
Background on WeWork’s Closure
The site was previously occupied by WeWork, which declared Chapter 11 bankruptcy in late 2023, leading to the closure of 170 locations globally. This Costa Mesa site was part of WeWork’s restructuring efforts amidst a significant decline from its peak valuation of $47 billion in 2019.
Market Context in Orange County
The entry of Serendipity Labs into the Costa Mesa market underscores a growing trend in the flexible office space sector. While current coworking operators account for only 2.4% of Orange County’s total operating inventory, the area is home to 118 coworking locations and offers 2.3 million square feet of coworking space. According to CoStar data, the vacancy rates in Orange County’s office market have seen a decline, contrasting with the national growth in coworking space that has risen by 3%
Serendipity Labs, founded in 2011, has expanded significantly and currently operates 30 locations that prioritize upscale coworking environments. As the flexible workspace industry continues to evolve, Serendipity believes that the Costa Mesa market presents promising opportunities, with plans to explore additional locations in the future.
Conclusion
The opening of Serendipity Labs in Costa Mesa not only revitalizes a space recently affected by WeWork’s closure but also reflects the ongoing demand for flexible workspaces in the region. As companies increasingly seek innovative solutions for office needs, Serendipity Labs appears well-positioned to serve a growing clientele in Orange County and beyond.
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Additional Resources
- Orange County Business Journal: Serendipity Labs Snatches Former WeWork Space
- Wikipedia: Coworking
- CoStar: Coworking Firm Capitalizes on Suburban Flex Space Demand
- Google Search: Future of Flexible Office Spaces
- OC Register: Real Estate News
- Google Scholar: Coworking Space Trends
- Bisnow: This Week’s LA Deal Sheet
- Encyclopedia Britannica: Coworking
- Orange County Business Journal: Keck Medicine Opens Cancer Clinic
- Google News: Flexible Workspace Growth
