Why Startups Should Choose a Los Angeles Coworking Space

Flexible coworking spaces are becoming increasingly popular, particularly among startups and SMEs. The Coworking Space Global Market Report valued the industry at $19.05 billion in 2023.

This was up from $16.17 billion in 2022 and is due to grow to $34.99 billion by the end of 2027. This coworking phenomenon is fuelled by many factors.

Technological advancements are making it easier than ever to work from anywhere. And, with global socio-economic issues impacting spending, startups are searching for ways to reduce costs and increase agility.

In the US alone, over one million workers are choosing coworking. When it comes to the most popular cities for coworking, Los Angeles ranks close to the top.

With almost 600 coworking spaces in the LA metro area in 2022, it was second only to Manhattan. Whether you’re a startup or an SME, this article will explore some of the top reasons to consider a Los Angeles shared workspace.

Why startups should choose an LA coworking space

Aside from being home to one of the world’s most famous industries, Los Angeles is a thriving business hub in its own right.

From coworking in Beverly Hills to hot desking in Downtown Los Angeles, there are many vibrant districts to choose from. Let’s explore why Los Angeles is a prime location for getting the most out of a shared workspace setting.

1. Third largest startup ecosystem

According to the Global Startup Ecosystem Index 2023, Los Angeles had the third-largest startup ecosystem in the US. It also had the fourth-largest globally. Outranked only by Silicon Valley, New York City, and London, LA is an exciting destination for startups.

This high ranking is a testament to the city's vibrant business environment, rich in opportunities and resources vital for startup growth. Locating your business in LA therefore puts you close to plenty of investors and like-minded entrepreneurs.

Meanwhile, a coworking office space in Los Angeles provides access to these benefits while keeping costs down. With flexible terms like monthly membership and rooms by the hour, you can reduce overheads during uncertain times and have the agility to scale up when business is booming.

2. Excellent for accessibility

Coworking spaces in Los Angeles often prioritize accessibility, offering proximity to public transportation as well as major business hubs. This strategic location not only facilitates easy commuting but also places you in the heart of a thriving business community.

Purpose-built shared office space also tends to come with on-site or nearby amenities. This can include coffee shops, restaurants, gyms, and more so you can enjoy a comfortable and healthy work-life balance.

3. Community building

Operating in shared workspaces creates opportunities to network with like-minded people. From mentors to investors to collaborators, you can build a strong community in a Los Angeles shared office.

Engaging with this diverse professional network doesn’t just foster collaboration and idea exchange. It also provides a stimulating environment that boosts motivation and productivity. but it could be instrumental to your professional development.

This is not only great for your daily work dynamics but could be instrumental to your professional development.

4. Prime location

Along with proximity to local businesses, workspaces in Los Angeles put you within easy reach of a vast network of startups and key players. Serviced by five airports, LA is very accessible for both domestic and international clients.

For example, a coworking space in North Hollywood puts your business within a 15-minute drive from Hollywood Burbank Airport. Meanwhile, an office in Culver City places you within easy reach of both Santa Monica Airport and LAX International Airport.

Perhaps most notably, Silicon Valley is only an 85-minute flight away. Because of this, tech startups should consider shared workspace in Los Angeles to minimize costs while maintaining access to key industry players.

5. Emerging business hubs

While tech, entertainment, and aerospace have long been prominent in LA. However, the region is also experiencing growth in industries like construction, civil engineering, and bioscience.

This diverse business landscape not only broadens the scope for collaboration. It also brings greater innovation and presents new opportunities for startups and entrepreneurs.

Using a shared office in Los Angeles provides access to these emerging industries and the flexibility to move around as the market develops.

6. Diverse economic landscape

Surrounded by a diverse set of industries, shared office space in Los Angeles comes with many expansion opportunities. Some of the area’s most lucrative industries include entertainment, real estate, tech, transport, and retail.

This variety not only enriches the business ecosystem but also opens the door to cross-sector collaboration.

The Los Angeles Area Chamber of Commerce alone represents 235,000 businesses across 35 industries. And, with a labor force of over 4.8 million, LA is filled with opportunities to meet collaborators, investors, and customers.

8. Tech and startup potential

Along with a startup scene evolving to rival the likes of New York City and Silicon Valley, LA holds huge growth potential. This evolution is driven by factors such as increased venture capital investment, a strong culture of innovation, and a diverse talent pool drawn to the city.

Particularly in tech sectors, the number of skilled workers is a major strength, making LA an attractive destination for emerging startups. Additionally, organizations such as the Center for Innovation & Technology are pivotal, offering support that grows the startup ecosystem.

Coupled with government incentives for startups and productive collaborations between academic institutions and businesses, LA's environment is ideal for startups not only to establish themselves but also to thrive and innovate.

9. Prestigious universities

Los Angeles is home to several well-respected universities. These include the University of California, Los Angeles (UCLA), the University of Southern California (USC), and the California Institute of Technology (CalTech).

These universities produce some of the world's brightest graduates. From medical researchers to scientists to engineers, the talent pool is exceptional.

Having an office close to these universities is key to attracting emerging and established talent. It offers direct access to a stream of highly skilled professionals, essential for innovation and growth in any industry.

10. Finance opportunities

Home to two of the world’s most prominent startup hubs, California is a top destination for Venture Capitalists. The LA area also hosts 480 centi-millionaires and 42 billionaires, making it a highly desirable location for private investors.

Whether it’s a coworking space in Beverly Hills or a shared office space in Sherman Oaks, the financing opportunities available here could help your business grow.

11. Job creation

Over the last few years, US startups have had higher job creation rates than established companies. With more jobs attracting more talent, this can have a significant and compounding impact on economic growth.

With 3882 startups registered in Los Angeles in 2023, the area is likely to experience a healthy and growing economy for some time. This makes it an excellent time to establish a business in LA.

12 best coworking spaces in LA for startups

When it comes to coworking space, Los Angeles has plenty of options to choose from.

Whether you need to book office space and meeting rooms for a day or rent dedicated desk spaces in Los Angeles on an ongoing basis, there are some excellent options.

1. Sepulveda Center

For a modern and hi-tech coworking space in west Los Angeles, Sepulveda Center is a fantastic option.

Close to Santa Monica, Century City, and Beverly Hills, it’s the ideal location for startups and freelancers who want to network and mingle.

Highlights include

• Business lounge
• On-site sandwich/coffee bar
• Accessible

Information about Sepulveda Center

• Location: 3415 South Sepulveda Blvd., Los Angeles, CA, 90034
• Starting cost: From $279 per month
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: Palms WB & Sepulveda FS Bus Stop (a four-minute walk away) and Sepulveda Blvd & Charnock Rd Bus Stop (an eight-minute walk away)

2. 6600 W Sunset Blvd

6600 W Sunset Blvd offers convenient and collaborative coworking spaces in Hollywood. Enjoy open-plan spaces with modern industrial decor as well as quiet and private rooms for meetings.

This bustling neighborhood is ideal for small businesses that want to collaborate and grow their network. And, with Hollywood’s most iconic landmarks a short walk away, it’s perfect for startups that want to entertain clients and investors.

Highlights include

• Fully equipped meeting rooms
• Collaborative break-out areas
• On-site café

Information about 6600 W Sunset Blvd

• Location: 6600 W Sunset Blvd, Los Angeles, CA, 90028
• Starting cost: Prices available upon request
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: Hollywood & Highland Subway Station (a 13-minute walk away) and Sunset & Wilcox Bus Stop (a three-minute walk away)

3. 718 South Hill St

If you’re looking for coworking space in Downtown Los Angeles, explore the workspaces of 718 South Hill St.

Here you can enjoy a collaborative and open space with plenty of color and natural light. With the arts district less than two miles away, this is an ideal coworking space in DTLA for innovators and creators.

Highlights include

• Fully equipped meeting rooms
• Fully stocked kitchens
• Ground floor café

Information about 718 South Hill St

• Location: 718 South Hill Street, Los Angeles, CA, 90014
• Starting cost: From $279 per month
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: Pershing Square Subway Station (a six-minute walk away) and 7th & Hill St Bus Stop (a one-minute walk away)

4. US Bank Tower

With panoramic views of both the Hollywood Hills and the Pacific Ocean, US Bank Tower is a premium space for coworking in downtown Los Angeles. If you’re looking for an LA address that wows clients and potential employees, this is an excellent option.

Host client catch-ups or treat yourself to a decadent lunch at one of the three on-site restaurants. And, if you’re brave enough, you can even impress clients with this skyscraper’s iconic outdoor slide.

Highlights include

• On-site lunch restaurant
• On-site sandwich/coffee bar
• Gym facilities

Information about US Bank Tower

• Location: 633 West Fifth Street, Los Angeles, CA, 90071
• Starting cost: From $299 per month
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: Pershing Square Subway Station (a five-minute walk away) and 7th Street Metro Center (a seven-minute walk away).

5. City National Plaza

City National Plaza is perfect for startups wanting to network, collaborate, and create a buzz. On the inside, this iconic building offers plenty of natural light. It also has a variety of engaging and open spaces to inspire creativity and productivity.

Surrounded by an array of restaurants and shops, it’s the ideal location for entertaining clients or meeting with investors.

Highlights include

• Bicycle storage
• Gym facilities
• Outside seating area

Information about City National Plaza

• Location: 515 South Flower Street, Los Angeles, CA, 90071
• Starting cost: Coworking spaces start at $49 per day
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: 7th Street Metro Center (a four-minute walk away) and Pershing Square Subway Station (a nine-minute walk away)

6. Hollywood Entertainment & Production Center

For startups in the digital, media, tech, or entertainment industries, there’s no better location than the Hollywood Entertainment & Production Center.

Work from the light and spacious open-plan office space or hire executive suites to impress clients. For presentations and sizzle reels, there’s also a comfortable and fully-equipped screening room on site.

Highlights include

• Outside seating area/terrace
• Gym facilities
• On-site parking

Information about Hollywood Entertainment & Production Center

• Location: 1800 North Vine Street, Los Angeles, CA 90028
• Starting cost: From $309 per month
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: Hollywood & Vine Metro Station (a six-minute walk away) and Yucca & Vine Bus Stop (a one-minute walk away)

7. Fine Arts Building

The Fine Arts Building is right in the heart of Downtown LA. Surrounded by plenty of bars, restaurants, and businesses, it’s an exciting and vibrant place where new startups can thrive.

With five floors of modern industrial office space, it’s a welcoming and collaborative environment for innovators and industry-shakers. It’s also close to the city’s Financial District, making it ideal for brand-new startups who want to secure capital.

Highlights include

• Break-out rooms
• On-site parking
• Lounge

Information about Fine Arts Building

• Location: 811 W. 7th St, Los Angeles, CA, 90017
• Starting cost: From $209 per month
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members.
• Nearby transport links: 7th Street Metro Center (a one-minute walk away) and 7th Street & South Figueroa Street Bus Stop (a one-minute walk away)

8. Union Bank Plaza

With two floors of shops and restaurants as well as Grand Avenue Park nearby, Union Bank Plaza is great for promoting work-life balance.

It also offers unobstructed views of the city, making it a fantastic place to meet with potential clients and collaborators.

Highlights include

• Gym facilities
• On-site lunch restaurant
• On-site sandwich and coffee bar

Information about Union Bank Plaza

• Location: 445 S. Figueroa Street, Los Angeles, CA, 90071
• Starting cost: From $299 per month
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: 7th Street Metro Center (a six-minute walk away) and South Figueroa St & West 5th St Bus Stop (a one-minute walk away)

9. 777 South Alameda

777 South Alameda is an excellent coworking space in the Arts District of Los Angeles. Modern, spacious, and filled with natural light, it’s ideal for innovators and businesses in the creative industries.

In the heart of the Row neighborhood, this coworking space offers proximity to cool bars, restaurants, and boutiques. It’s also accessible by car or public transport, making it commutable for staff, clients, and potential investors.

Highlights include

• Elevator
• On-site lunch restaurant
• On-site parking

Information about 777 South Alameda

• Location: 777 S. Alameda, Los Angeles, CA, 90021
• Starting cost: From $229 per month
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: 7th & Alameda Bus Stop (a five-minute walk away) and Central & 8th St Bus Stop (a 16-minute walk away)

10. La Brea Ave

Modern, cozy, and scalable coworking spaces are abundant at La Brea Ave. This coworking space in West Hollywood is ideal for startups in the real estate and entertainment industries.

It’s also only a short drive from trendy bars, diners, and iconic music venues. This makes it a fantastic location for businesses wanting to promote and enjoy a healthy work-life balance.

Highlights include

• Fully equipped meeting rooms
• Collaborative break-out areas
• Vibrant, contemporary decor

Information about La Brea Ave

• Location: 925 N. La Brea Ave., Los Angeles, CA, 90038
• Starting cost: From $309 per month
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: La Brea & Willoughby Bus Stop (a one-minute walk away)

11. Century Plaza Towers

If you want shared office space by Beverly Hills surrounded by big names in tech, entertainment, and manufacturing, Century Plaza Towers is worth exploring.

Right in the heart of Century City and only a short drive to Beverly Hills, this is a prestigious location for any business. And, with plenty of other businesses in the area, it’s ideal for entrepreneurs looking to network with collaborators and investors.

Highlights include

• Secure underground parking
• On-site dry cleaning
• On-site lunch restaurant

Information about La Brea Ave

• Location: 2029 Century Park East, Los Angeles, CA, 90067
• Starting cost: From $89 per day
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: Century Park East & Constellation Bus Stop (a two-minute walk away) and Century Park East & Santa Monica Bus Stop (a six-minute walk away)

12. Oppenheimer Tower

Oppenheimer Tower is in the heart of LA’s Westwood Village. Vibrant and brimming with character, it is a fantastic location for young startups.

Enjoy comfortable, modern, and collaborative workspaces by day. Then, by night, take advantage of the area’s countless boutiques, trendy restaurants, and entertainment venues.

With plenty of neighboring businesses across industries like fashion, technology, and aerospace, there are plenty of opportunities to network, collaborate, and grow here.

Highlights include

• Secure underground parking
• On-site sandwich/coffee bar
• On-site lunch restaurant

Information about La Brea Ave

• Location: 10880 Wilshire Blvd., Los Angeles, CA, 90024
• Starting cost: From $365 per month
• Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
• Nearby transport links: Westwood SB & Wilshire FS Bus Stop (a one-minute walk away) and Westwood & Lindbrook Bus Interchange (a two-minute walk away)

Find a coworking office in Los Angeles with Regus

Whether you are looking for a dedicated desk in a regular office or prefer hot desking in different areas with our flexible membership packages, Regus can provide access to some of the best coworking in Los Angeles.

From quiet coworking spaces in Woodland Hills to open-plan coworking in North Hollywood, there’s something to suit every business.

Browse our coworking options to find the right solution for your needs. Or, for help finding your ideal workspace, talk to our office space experts today.