The Cannon Opens Coworking Location In Memorial City
The Cannon, a Houston-based coworking and startup development hub, opened its seventh location in Memorial City as the sector continues to see steady growth in the city.
The Cannon leased about 22K SF in MetroNational’s Two Memorial City Plaza at 820 Gessner Road in west Houston, the Houston Business Journal reported. The space has 38 private offices and more than 60 flex workspaces.
Members will have 24/7 access and free parking in the building’s attached garage, as well as access to networking events.
The Cannon started in 2017 with a mission of providing support and services for the startup and innovation community. It opened its first physical location in 2019 and went into rapid expansion mode after the onset of the pandemic, when hybrid work gained popularity.
Last summer, The Cannon opened a location in Amegy Bank’s newly renovated building in The Woodlands, contributing to Houston’s coworking market seeing the nation's most robust growth in the second quarter of 2023.
Houston had 215 coworking spaces in the fourth quarter, up from 211 in the third quarter, according to a Jan. 17 CoworkingCafe report. The average size of a coworking space in Houston is 19,940 SF, a slight drop from the previous quarter but in line with findings that smaller coworking spaces are gaining popularity, according to the report.
The Cannon’s new location, at 21,960 SF, aligns with the average local coworking square footage, though it is much smaller than the original 120K SF campus that opened in the Energy Corridor in 2019. That location, at 1334 Brittmoore Road, is less than 3 miles away from the new Memorial City location, according to the Houston Business Journal.
"We are delighted to unveil The Cannon Memorial as a pivotal addition to Houston's dynamic business landscape," Jon Lambert, CEO of The Cannon, said in a statement to the HBJ. "Our expansion into Two Memorial City Plaza aligns seamlessly with our mission to cultivate innovation, collaboration, and success within the business community. We eagerly anticipate welcoming entrepreneurs and professionals to experience the unparalleled environment we've created."
The Cannon has benefited from workers’ aversion to commuting combined with companies finding a happy hybrid medium, Lambert told Bisnow last summer.
"The coworking world is solving for some of the corporate real estate challenges and financial issues that not only the real estate owners but the corporations are dealing with, and creating a hybrid model," he said.
MetroNational last summer completed its $25M renovation of Memorial City Plazas, which features three Class-A office towers totaling nearly 1M SF. MetroNational originally built Memorial City Plazas in the 1980s and 1990s to be Class-A office towers.
