A Nasdaq-listed e-commerce company is opening its Bethesda headquarters to entrepreneurs and small businesses – and LocalWorks is running the space.
LocalWorks has announced a partnership with Liquidity Services (Nasdaq: LQDT) to establish a small business incubator inside the company’s Bethesda, Maryland headquarters on Arlington Road. The coworking space includes 46 turnkey office cubes and suites, two conference rooms, and high-speed internet – all available to technology and professional service entrepreneurs and small businesses on a no-lease, all-inclusive basis.
The announcement was made via GlobeNewswire on May 24, 2021. LocalWorks will manage the space on behalf of Liquidity Services, extending its model of operating flexible, low-commitment office environments inside underutilized corporate real estate.
What the Partnership Offers
The incubator occupies space inside Liquidity Services’ Bethesda headquarters – a highly desirable location on Arlington Road in one of the Washington D.C. area’s most established business corridors.
For small business owners and entrepreneurs in the DMV, this represents access to a furnished, professionally managed coworking environment in Bethesda without the friction of a traditional lease. Members get private office space, conference room access, and high-speed internet on terms designed for the way small businesses actually work: flexible and all-inclusive.
Interested parties can contact LocalWorks directly at [email protected] or 202-210-9556.
Why Liquidity Services Chose to Open Its Doors
Liquidity Services is the world’s largest B2B e-commerce marketplace for business and government surplus, with more than $8.5 billion in completed transactions and over 3.8 million registered buyers. The company has been in a period of sustained growth – recording 44% growth in Gross Merchandise Volume and more than tripling adjusted EBITDA year-over-year in Q2 FY2021.
The decision to open a coworking incubator alongside its own operations reflects a deliberate philosophy about how innovation happens. Bill Angrick, co-founder, chairman and CEO of Liquidity Services, described the intent plainly in the announcement: the company wants to attract and inspire other entrepreneurs and small businesses to build market-leading solutions under the same roof as Liquidity Services.
Novelette Murray, Chief Human Resources Officer at Liquidity Services, added that the Bethesda location has become a center of excellence in developing and growing e-commerce marketplaces – and the company sees sharing that environment with the broader small business community as a natural extension of its values.
What This Means for Small Businesses in Bethesda
For entrepreneurs and small businesses looking for office space in the Bethesda area, the practical implications are significant.
Bethesda is one of the most sought-after business addresses in Washington D.C. metro area. Commercial space on Arlington Road – in the heart of Bethesda’s business district – typically comes with long-term lease obligations and significant upfront costs that put it out of reach for early-stage companies and independent professionals.
This incubator removes those barriers. The 46 available offices and suites are turnkey and furnished. Conference rooms are shared. High-speed internet is included. And because LocalWorks manages the space under its standard model, there is no long-term lease required – members can access the space on an as-needed basis.
For a growing segment of the DMV’s small business community – founders building technology companies, consultants, professional service firms, and entrepreneurs who took their ventures online during the pandemic and are now ready for a physical home base – this fills a genuine gap.
LocalWorks’ Role: Turning Unused Corporate Space Into Opportunity
This partnership is a direct expression of what LocalWorks does. Rather than signing leases and building out new spaces from scratch, LocalWorks specializes in activating real estate that already exists – second-generation office space, underutilized corporate headquarters, sublease inventory – and converting it into accessible, professionally managed coworking environments.
The Liquidity Services partnership is notable because it brings that model into a corporate headquarters setting. A publicly traded company with a global operation is opening its Bethesda offices to the small business community, with LocalWorks as the trusted operator to make it work.
It also reflects a broader shift in how established companies are thinking about their office footprint post-pandemic. Hybrid work has left a meaningful portion of corporate real estate sitting partially empty. Partnering with LocalWorks is one way for companies to put that space to productive use – generating activity and community inside buildings that might otherwise feel underoccupied.
About LocalWorks
LocalWorks is a flexible office space management company that partners with property owners and corporate tenants to operate coworking environments and affordable office rental in suburban markets. With locations across the Washington D.C., Boston, and Chicago suburbs, LocalWorks provides private offices and shared workspaces on 3-, 6-, 12-month terms, no long-term lease required.
The Bethesda incubator is open to technology and professional service entrepreneurs and small businesses in the DMV area.
Contact LocalWorks about the Bethesda incubator or other locations: localworks.us
Originally announced via GlobeNewswire, May 24, 2021. Update was made on June 2, 2026, to reflect new information such as prices and terms.
