A top commercial property company is teaming up with North Texas’ biggest shared office provider.
New York-based WeWork has hired JLL as the exclusive agent for eight Dallas-area locations. JLL will be the broker for 517,583 square feet of co-working space in the area.
WeWork will use JLL to represent customers leasing space in its shared office centers in Plano’s Legacy business park, in Santander Tower in downtown Dallas, on McKinney Avenue in Uptown, in Victory Park, Las Colinas and Preston Center in North Dallas.
“As more companies determine how they will handle the hybrid workplace model, WeWork offers ideal accommodations for both single office users needing to work near home and Fortune 500 companies looking for scalable, branded space,” JLL senior vice president Ashley Curry said in a statement.
Co-working companies have struggled to bring in business during the COVID-19 pandemic with most office workers staying home.
WeWork has faced financial hurdles and has restructured its operations in some markets. The more than decade-old shared office firm says that during the past year it has updated its offerings in more than 800 buildings to accommodate social distancing and with infection prevention features.
Several co-working companies have formed ventures with office landlords and real estate service firms to boost their businesses.
As businesses reopen, real estate analysts expect more use of flexible office options, including co-working spaces.
“Companies recognize the flexibility of offering employees enterprise spaces to set up at any WeWork location closest to home in the Dallas area — or across the country,” JLL’s Andrew Scudder said in a statement.
