Oregon coworking firm headed to downtown Dallas’ Saint Paul Place tower | Real Estate

A Portland coworking firm is coming to Dallas with its first location outside Oregon.

Central Office has rented space in downtown’s Saint Paul Place building on Ross Avenue. The shared office firm — which operates three locations at home in Portland — hopes to have its Dallas facility ready by late this year or early 2019.

Chad Cook with building owner Quadrant Investment Properties says Central Office has rented about 23,000 square feet on the second and third floors of the tower that overlooks the Arts District.

The new shared office center will integrate the building’s new tenant lounge and outdoor terrace. “The common area will double as an event space, hopefully providing another amenity to our tenants,” Cook said.

Central Office got its start four years ago when it converted former bomb shelter space in Portland’s historic General Electric Building into a coworking concept. 

The company is building its fourth location in Portland and a new shared office center in downtown Los Angeles.

“We love the Dallas market and the Arts District,” said cofounder Jeff Arthur. “We like the repositioning of the urban core going on in Dallas and more and more people moving to the area to work and live.

“We think this will hopefully lead to other opportunities in the Dallas area and other locations in Texas.”

The Oregon company joins a growing list of firms offering shared office facilities in North Texas, including WeWork, Serendipity Labs, Industrious, Regus and Common Desk.

Coworking companies now occupy millions of square feet of Dallas-Fort Worth office space and are expected to grow their footprint even more in the area.

Nationwide, shared office providers have increased their space from less than 6 million square feet in 2010 to about 28 million square feet this year, according to a new study from commercial real state firm Avison Young. By 2022, the coworking companies are expected to have more than 59 million square feet of offices across the country.

Central Office is just the latest tenant to land in the Saint Paul Place building, which has just been renovated.

Owned by Dallas-based Quadrant Investment since 2016, the 22-story, 273,217 square‐foot office building is at Ross Avenue and St. Paul Street across from the Dallas Museum of Art.

Quadrant has done an overhaul of the building originally developed in the 1980s.

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