Coworking firm Industrious takes former WeWork space in Denver

Industrious, a national coworking brand, is opening a new location in LoHi.

The company has snapped up 25,000 square feet at The Lab building at 2420 17th St., just off Platte Street. Industrious has an existing LoHi location just up the road at 2128 W. 32nd Ave.

“They are going to draw from different populations. … No doubt they’re close to each other, but [this is a] different product type, just in terms of build-out,” said Peri Demestihas, an Industrious executive.

Demestihas said the current LoHi location has been full for two years, which indicates demand for more space. That existing spot is more for established businesses with a greater emphasis on private offices. The new location will be geared more toward smaller companies and the solo entrepreneur.

In total, there will be 379 dedicated “office seats” and 18 “access seats,” which can be used by anyone.

Industrious has a conservative mindset when it comes to growth, Demestihas said. The company also operates in Upper Downtown and by I-25 and Colorado Blvd.

“These are the submarkets we like and if we can find the right building and we can get the right structure, … without those things, we’re not going to go to those submarkets. It’s got to suit our members.”

The new location off Platte Street will open in July. The build-out won’t be too intensive. The space was last occupied by WeWork, a coworking business that shuttered there in 2023 and filed for bankruptcy later that year.

Industrious isn’t signing a traditional lease for the space. Instead, it opts to do a revenue sharing agreement with the landlord. The business was acquired by CBRE in 2025 for $400 million.

Demestihas acknowledged the other competition in the area, like Switchyards, which recently opened a neighborhood work club near Industrious’ existing LoHi location.

“It’s serving a different customer base that’s looking for a different thing, which is great, and it shows you that there’s demand across the entire segment,” he said.

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