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The Real Deal Los Angeles

Serendipity Labs co-working plants another flag in LA

The firm will be occupying the entire 18th floor of CityNational2Cal building
By Natalie Hoberman | May 30, 2018 02:41PM

CityNational2Cal with Serendipity Labs exec John Arenas

Add Serendipity Labs to the growing list of co-working companies in Downtown Los Angeles.

The New York-based firm signed a deal to occupy 23,000 square feet at CIM Group’s CityNational2Cal building in Bunker Hill, the company said Wednesday. Terms of the deal were not disclosed.

It is slated to take over the entire 18th floor, and also offer an innovation center and outdoor event space on the plaza level of the 52-story building at 350 S. Grand Avenue.

Serendipity Labs’ offerings range from $850 per month for a dedicated desk to $9,000 for an eight-person suite, according to the company. Members also have some short-term options, such as 10-day packages or day rates.

The Downtown location is the second L.A. outpost for the co-working firm, which plans to open 10 locations in the city. It announced a new 37,000-square-foot lease at the Jerry Snyder-built Hollywood 959 building late March.

The firm already has locations in Chicago, Miami, Atlanta, and Denver among others.

Serendipity Labs, led by John Arenas, will be joining other co-working firms like WeWork, Cross Campus, Spaces, Industrious and Convene in DTLA. The companies occupy a combined 500,000 square feet of space in the neighborhood, the highest concentration across Greater L.A.