WeWork, which opened in Miami Beach on July 1, took The Real Deal on a tour of its new office at 350 Lincoln Road.
The co-working space company, valued at $10 billion, is leasing 40,000 square feet on four floors of the 50,000-square-foot building. SML 350 Lincoln Inc. owns 350 Lincoln Road, which was built in 1946. The company is led by Shaul and Meir Levy with a New York address.
Other shared office space companies in South Florida include Büro, MADE at the Citadel, Quest Workspaces and Pipeline. WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey, and is in at least 20 cities in the United States, England, Israel and the Netherlands.
Earlier this fall, WeWork signed a lease in downtown Miami for 96,000 square feet. The company will use the entire Security Building, at 117 Northeast First Avenue, when it opens at the end of the first quarter of 2016.
Like other shared office firms, WeWork offers unassigned desks, shared desks, labs desks and private offices. Kitchens are stocked with coffee and beer on tap.
Members in the Miami Beach location include Zeel, an on-demand massage company; Labelium, an international performance-based digital agency; and Jugofresh, the cold-pressed juice company.