Should I move my business to Los Angeles?

Bursting with innovation and creativity, Los Angeles is ideal for your business. Here’s where to move

Los Angeles is a truly global city, producing a gross domestic product bigger than many small countries and offering a wealth of opportunity across a range of sectors. Sure, the city is well-known for entertainment, but industries like manufacturing, banking, finance, health care, fashion, and research and development are also thriving here.

Its West Coast location makes L.A. an ideal launchpad if you’re looking to expand operations across Asia, Mexico, Central America, or South America. Tech startups like Dollar Shave Club, Snap, and Hulu all grew from Los Angeles—giving the city the moniker “Silicon Beach.” And L.A. county is home to several Fortune 500 companies, including AECOM, Edison International, and Avery Dennison Corp.

With vibrant culture, warm weather, booming business, and access to countless networking opportunities, Los Angeles is brimming with potential for new teams and established companies alike. If you’re looking to move your business to Los Angeles, here’s what you need to know.

Explore countless opportunities in Los Angeles

California has the fifth-largest economy in the world, and L.A. has a lot to do with this. The city itself is also home to more than 244,000 businesses—a record-breaking number of which are female-owned or minority-owned.

The vast amount of industry in Los Angeles doesn’t mean it’s impossible to start something new, though. According to analysts, the next big tech wave is likely to start in Los Angeles thanks to the abundance of investors (who are willing to invest) in this vibrant city.

Finding talented employees is a breeze, with Caltech—the “MIT of the West Coast”—right here. There are also over half a million manufacturing jobs in Los Angeles, which makes accessing resources simple.

What you need to know about the cost of office space in Los Angeles

Before moving to Los Angeles, it’s helpful to understand the types and costs of office space available. Generally, rental prices are comparable to markets like Miami and Chicago and significantly more accessible than markets like New York City or San Francisco. However, real estate prices hit record heights in 2018 and are showing no signs of slowing down.

While this is great for the economy, it brings with it increased competition to finding suitable office space in L.A.—and that’s where WeWork can help. Because our shared workspaces are already set up, you don’t have to deal with the steep upfront costs associated with moving. Plus, our offices come with all-inclusive amenities that assist in attracting talent and keeping employees engaged.

WeWork Manhattan Beach Towers in Los Angeles. Photograph by Floto + Warner/The We Company

Moving to Los Angeles with WeWork

Whether you’re a tech company looking for a private workspace or a creative agency looking for something more community-driven, WeWork has the space to meet your needs. Here are just a few of the many workspaces you can choose from across L.A., from Hollywood to Santa Monica and everywhere in between.

A creative space in Downtown Los Angeles

The beating heart of this vibrant city, Downtown Los Angeles is the place to be—and the WeWork Fine Arts Building offers you a way into this bustling city center. Teams will feel right at home in our comfortable lounges and sleek private offices, while exposed brick walls, hardwood flooring, and soaring ceilings make a powerful first impression.

Particularly popular with tech companies and startups, this location is best for teams looking for nightlife and entertainment options right on their doorstep. Plus, easy access to public transportation make commuting a breeze.

A modern workspace near Santa Monica Beach

With a relaxed vibe and understated business potential, Santa Monica is a favorite location for independent contractors or solopreneurs—those who can make their own schedule and break between tasks to enjoy the Southern California coast.

A standout in this sun-drenched neighborhood is Third Street Promenade, an eclectic pocket of culture filled with charming shops and restaurants. Here, our WeWork 312 Arizona Ave space supports professionals of every stripe, boasting floor-to-ceiling windows and amenities including a pool table, bike storage, and fully-stocked kitchens.

Enjoy a trendy setting in Hollywood

Iconic Hollywood is home to fashion designers, lawyers, and production professionals—all drawn by its unbeatable networking scene and top restaurants like Katsuya, TAO, and Umami Burger.

WeWork 7083 Hollywood Blvd offers a winning mix of private offices and open workspaces. Use our film screening room to show off your latest work, then spend a moment in our wellness room to reset and recharge. Four-legged friends are welcome, too.

In every WeWork office across Los Angeles, you can pick between private offices, hot-desking options, and custom buildouts. Located in some of the most beautiful buildings and high-profile neighborhoods in L.A., WeWork’s coworking spaces are designed to help your team grow and thrive.

Interested in workspace? Get in touch.