WeWork has opened a 45,000-square-foot coworking space at Pontegadea’s 1.2 million-square-foot Southeast Financial Center in Miami. This is the company’s first new location in the city since 2019.

Back then, WeWork committed to 89,300 square feet at the property, occupying four full floors. Last year, the location was listed in the firm’s schedule of assumed unexpired leases.

However, the company’s new footprint at Southeast Financial Center currently spans only two floors. The coworking space features several communal work areas, meeting rooms and private offices. Other amenities include a parent’s room, wellness room, phone booths and EV charging stations. The company also redesigned the space from an enterprise setup to a coworking environment as part of its initiative to invest from $80 million to $100 million in upgrading its global locations throughout 2025.

The largest office building in Florida

Completed in 1981 after the designs of architecture firm Skidmore, Owings, and Merrill, the property comprises the largest and tallest office building in the state of Florida. Southeast Financial Center consists of two facilities rising 15 and 55 stories, with floorplates averaging 23,000 square feet. average floorplates.

Its tenant roster at the LEED Gold-certified high-rise includes Morgan Stanley, Rialto Capital and JLL, as well as several law firms, such as White & Case, Shutts & Bowen LLP and Winston & Strawn, according to CommercialEdge data.

Southeast Financial Center has been under Ponte Gadea’s ownership since 2016, when the company acquired it from J.P. Morgan Asset Management, for $516.6 million, the same source shows.

WeWork, lately

WeWork has had a presence in Miami since 2015. The company’s space at Southeast Financial Center is its fifth location in the city, with the other four at Brickell City Center, Wynwood Garage, Giralda Palace and 2222 Ponce De Leon Blvd. The closest flex office to Southeast Financial Center one is at Brickell City Center, less than 1 mile away, where the company leases 78,562 square feet of coworking space.

WeWork will soon open its largest coworking location across the U.S. at the Civic Opera Building, a century-old Chicago landmark. The 68,000-square-foot flex office is scheduled to begin serving its customers starting in June of this year.

As of February, the number of coworking locations across the nation had increased by 25 percent, compared to the previous year, reaching a total figure of 7,814 spaces, a CommercialEdge office report shows. The Southeast leads in both the number of locations, which totals 1,960 spaces, and square footage, where it adds up to 33.3 million square feet. Nationally, the total coworking space grew by 15.2 percent, to 140.1 million square feet, accounting for 2.0 percent of all office space.