New Co-Working Space Signals Kelowna's Entrepreneurial Growth
The details
Assembly Co-Work, a Vancouver-based flexible workspace operator, has signed a lease for 18,000 square feet on Ellis Street in downtown Kelowna. The location is expected to open in September 2026 with capacity for approximately 200 members.
Why Kelowna?
The company's founders cited three factors:
- Net in-migration: Kelowna continues to attract remote workers and small business owners relocating from the Lower Mainland.
- Startup ecosystem: Organizations like Accelerate Okanagan have built a pipeline of early-stage companies that need affordable, flexible office space.
- Lifestyle appeal: Proximity to lakes, ski hills, and wine country makes the city a draw for talent.
Commercial real estate angle
The lease fills one of the largest remaining vacancies on Ellis Street. Commercial brokers say the deal is evidence that downtown Kelowna's office submarket is tightening across all size categories.
Residential implications
Co-working spaces tend to attract residents who live within walking or cycling distance. The announcement may further boost demand for downtown condos and Lower Mission rentals.
This article is based on local media reporting and a company press release.
This article summarizes reporting from Castanet. Read the full piece at Castanet.
Disclaimer: This summary is generated with the assistance of AI and reviewed by our team. While we strive for accuracy, it is not a substitute for reading the original source material. The content does not constitute professional advice. If you believe something is inaccurate, please let us know.
Share this article