Workspace-sharing company expanding to Las Vegas

Courtesy WeWork

The common area of WeWork’s Manhattan office is shown.

The world’s largest coworking space provider is making Las Vegas the home of one of its newest expansion projects.

WeWork, the New York-based global leader in providing shared office space, will open a west valley location this spring, occupying 50,000 square feet on the Two Summerlin building’s second and third floors. It will provide modern office space with room for about 960 paying members of the WiFi café-style service.

“Las Vegas has become an amazing regional destination,” said Nathan Lenahan, the company’s Mountain West regional manager. “There are amazing things happening here, even outside the entertainment industry, and demand has been really healthy.”

Adding to the new facility’s open common areas, workspace and private meeting rooms — which are found in all of WeWork’s offices — the Summerlin location will provide a classroom to host corporate meetings. The company specializes in providing around-the-globe locations in major cities for its members to work, and is designed especially for startups, small businesses, freelancers and entrepreneurs. But WeWork’s clients also include major corporations like Facebook, Adidas, Microsoft and HSBC.

The company, established in 2010, serves 320,000 global members in 335 locations, 83 cities across 24 countries, including 26 U.S. cities. WeWork members have 24-hour access to any of the company’s facilities across the world. Unlimited monthly memberships start at $190, while individual use and on-demand memberships start at $45.

WeWork in August received a massive, $4.4 billion investment from Japanese firm SoftBank in exchange for a 20 percent ownership stake. After discussing pumping in an additional $15 to $20 billion into WeWork in October, SoftBank instead gave $3 billion last month, upping its total investment to at least $7.4 billion.

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