Comment

Would you live in a Haunted House?

Screen Shot 2018-10-08 at 12.55.07 PM.png

Hard Nopes

JudyG Designs: “I don’t believe in ghosts. That said, no, I would not buy a haunted house, because I would be afraid I was wrong.”

Shaun Ma: “No. Nope. Nuh uh. Not because I believe in ghosts but because of my overactive imagination. Like some others said, once the idea is there, it’s hard to let go of.” 

mcg910: “Hell no. I would skip the perfect house in a heartbeat if anyone thought it was haunted.”

https://www.houzz.com/ideabooks/95221904/list/would-you-live-in-a-haunted-house

Comment

Comment

Coworking Industry Provides Greater Opportunity in Small Towns

Downtown-St.-Joseph-MI-1080x675.jpg

Interesting read from our good friend Craig Baute! Check out his blog below:

http://craigbaute.com/coworking-industry-provides-greater-opportunity-in-small-towns/

Small towns across America yield the highest growth segment in the coworking industry. Owners in some of the smallest towns are choosing to join in their local coworking space. Anticipating it will provide themselves or their staff with a higher sense of community and productivity.

There are over 14,000 coworking locations in the US. The progressing coworking industry is dispersing from large dense cities into smaller rural communities. Members joining in on the movement in these small towns are experiencing better efficiency. With the growing numbers of coworking spaces allowing members to participate in small towns, 22% of owners in small towns believe there is an opportunity for more, while only 7% think there are enough coworking spaces.

The demand for coworking spaces shows a 66% expansion rate this year alone. Many of the larger brands and big spaces owned by coworking companies consume the headlines, yet over 55% of spaces have less than 40 members. In small towns spaces which range from 2,000 to 5,000 square feet are perfect for cultivating the coworking industry.

Many small towns have existing structures which hold great potential for coworking. Spaces incorporated into old downtown buildings, retail locations, strip malls, lofts, or traditional office buildings are very adaptable for the coworking business and its members. It is reported that 58% of workers transitioning into coworking come from a home office. Providing these members with a hub which brings the community together and out of isolation brightens spirits and enhances their business.

Reported Member Benefits 

  • 75% feel more productive

  • 96% have stronger social connections

  • 80% leverage business network

  • 77% of people express knowledge sharing as an important and critical benefit

Working within your community and getting out of your home office is proven to provide higher productivity. Small towns are no exception and owners are flooding the coworking industry to reap the benefits.

Comment

Comment

THE GCUC EXPERIENCE THROUGH THE EYES OF A DIGITAL NOMAD

through-the-eyes-of-a-digital-Nomad.png

This past year I’ve been traveling, working, and writing out of over 80 different shared workspace and coworking spaces in 50+ cities around the world. It wasn’t until this past week that I had the opportunity, for the first time, to get together with people from across all sectors of the industry. 

I am talking about GCUC UK. 

From the moment the event started on the rooftop of a building overlooking the Thames River to the closing remarks, I was meeting owners, operators, builders, 3rd party suppliers, brokers, investors, managers, and many others who were each shedding a new light on the industry. 

Each new connection further expanded my understanding of where we were as an industry, but it also sparked ideas that I could share in the future. After all, knowledge, connections, and growing together is why we decided to come together for a conference in the first place.

Day one covered a number of topics including a discussion from The Office Group founders to a look at wellness in the industry. Day 2 was focused more on corporates, mastermind groups, as well as the unconference portion of the event, where attendees get to create their own content and vote on which topics to discuss.

Day 3 involved a group of coworking tours. As a digital nomad traveling and writing about coworking spaces around the world, this was the day I was most looking forward to. I have to admit, I was curious about the dynamic of touring spaces together with space owners, operators, industry professionals, and future entrants. 

It was quite the experience, as I got to hear and share in on perspectives I wouldn’t have typically thought of.

Read the rest here: https://allwork.space/2018/10/the-gcuc-experience-through-the-eyes-of-a-digital-nomad/

Comment

Comment

SHOULD PROPERTY OWNERS DELVE INTO OPERATING A COWORKING SPACE?

how.png

Coworking is the new normal and it has revolutionized the commercial real estate industry. The flexible workspace industry has set a new standard on how commercial space is used, experienced, and leased. The past couple of years have seen an increase both in demand and also supply of flexible workspace. WeWork has become the largest office tenant in Manhattan and London, JLL predicts that 30% of corporate office space will be flexible, and private investment continues to pour into the industry. 

The growth of flexible workspaces caught the eyes of large companies, giving rise to corporate coworking. More recently, it has caught the eyes of property owners and real estate companies, which has changed the relationship between landlords and flexible workspace operators. Some large real estate companies and owners have opted to eliminate the middleman and launch their own brand of coworking or flexible workspace. Others have instead opted to enter into profit-sharing agreements with operators or to acquire existing brands, which many believe is the future of the industry

Examples of the former include Dexus, the GPT Group, WKO Inc., and British Land, among others. Examples of the latter include Blackstone, which acquired The Office Group; Grosvenor, which partnered with Central Working; Washington Prime Group, which partnered with COhatch; and CapitaLand, which acquired a 50% stake in The Work Project; among others. 

Allwork.Space spoke with George Vogelei, Executive Vice President at Transwestern, to understand the opportunities and risks that coworking presents to property owners that are looking into operating their own flexible workspace brand and whether landlords pose a threat or an opportunity for operators

Allwork.Space: What are some of the key trends you believe are currently shaping the flexible workspace industry?

George Vogelei: I think that the number one trend at the moment is strength of scale; we are seeing large flexible workspace providers become more aggressive to fill their workspaces. Additionally, there’s also increased consolidation activity; larger groups and private investors are buying smaller providers and grouping them together. 

The Latest News
Delivered To Your Inbox

In terms of scale, we are also experiencing the importance of having a robust network; operators are increasingly expanding their footprint beyond key cities like New York and London. Flexible workspace brands that want to survive in the future and compete for larger accounts need to offer a strong network of locations across the globe. This is one of the main reasons why regional operators are going national, and national ones are going international. 

We’re seeing property owners and landlords become increasingly interested in the world of coworking. Some have entered into management agreements and others have launched their own flexible workspace brands. What’s your take on both of these strategies?

I think profit sharing is a really smart strategy, both for coworking operators and landlords. It mitigates the risk for both of them. I think the profit sharing model will reach a point where it’ll be quite similar to the hotel model, where the owner of the building gets a share of the profits and the hotel brand runs the space. It’s a smart strategy as it allows each player to focus on their core business and expertise.

Launching an owned flexible workspace brand will provide property owners with more profit, however it involves more risk. This step makes sense for property owners that have a vast real estate portfolio. If we look at what’s driving coworking today, it’s the potential of scale, so property owners that meet the above criteria already take care of the scaling part, especially as it will help them create a strong workspace network. 

Yet, launching an owned coworking brand is still a significant undertaking, and property owners should think about it carefully, as it would mean they will get into an auxiliary line of business and it will take away funds, time, and human resource from their core business. Not only is this strategy capital intensive, but it also would mean shifting operations into a more consumer-oriented business. Which is why for local and regional property owners, it makes more sense to go into profit sharing agreements. 

Do you see any additional opportunities for established coworking operators now that landlords are more interested in coworking?

There is an opportunity for experienced coworking operators to do consulting with building owners. If owners want to get into the business of coworking, they need to understand what it will take to be successful before they make any investment; having an experienced operator that knows and has overcome the challenges is an important asset. 

Anything else you’d like to add?

The industry has gone through phenomenal growth; it’s now a crowded market where consumers are having a hard time understanding the differentiation between one brand and another. This, plus the fact that since the last economic downturn this type of arbitrage hasn’t been present makes it an interesting and fascinating time to watch the industry and see what happens.


https://allwork.space/2018/10/should-property-owners-delve-into-operating-a-coworking-space/

Comment

Comment

One Big Potential Beneficiary Of The Coworking Space Trend: Brick-And-Mortar Retailers

https---specials-images.forbesimg.com-dam-imageserve-39549226-960x0.jpg?fit=scale.jpg

The drumbeat of retail store closings and struggles has dominated news headlines, led by Toys “R” Us’ recent closing of its entire U.S. store fleet. While the closings of underperforming retailers are far from over, the brick-and-mortar retail sector can take some comfort in the fact that it still holds plenty of appeal: Just look at the crop of coworking spaces, housing retailers’ coveted millennial customers, that are eager to move in.

Coworking space in malls, street fronts and other retail properties will grow at an annual rate of 25% through 2023 to reach about 3.4 million square feet, commercial real estate research and services firm JLL JLL +0.03% wrote in a study published Thursday. How significant is that? The average annual growth rate in occupied retail square footage between 2010 and 2017 was just 0.9%, JLL said.

“Coworking presents a viable solution for vacant retail space by decreasing vacancy and driving additional foot traffic with a guaranteed daytime population,” the research firm said in its first-ever study looking at 75 U.S. coworking retail spaces, totaling one million square feet. “Added foot traffic may also help revitalize the center and attract new retail tenants.”

https://www.forbes.com/sites/andriacheng/2018/08/10/retail-coworking-spaces/#26b63b306d6f

Comment

Comment

What Coworking Tells Us About The Future of Commercial Real Estate

2016-05-26-1464293025-2324945-pastedimage02-thumb.png

What’s often forgotten amongst all the focus on coworking, are the much larger, more complex and far more interesting global trends at hand.

With a valuation of more than $16 billion, WeWork’s incredible growth, alongside the emergence of at least 100 other growing coworking brands, proves just how popular shared and flexible office spaces have become. But as valuations climb and the headlines keep coming, we may be seeing the tip of the iceberg for an incredible wave of change coming to the commercial real estate industry.

What’s often forgotten amongst all the focus on coworking, are the much larger, more complex and far more interesting global trends at hand. As growing companies compete in rapidly changing markets, leases have been getting shorter and shorter for years. And landlords, who constantly compete for the best and brightest tenants, continue to load their buildings with amenities and “lifestyle” services.

For example, take into account the transformation of residential tract development to more inclusive community-construction. From baby boomers to millennials, people are increasingly choosing compact, mixed-use communities with reliable, convenient transit systems.The sea change at hand lies within these service layers, as coworking and its implications send ripples into the biggest commercial real estate (CRE) players. In New York, this is already being seen as 180 Maiden Lane undergoes a $28 million renovation to include a 250-seat cafeteria, 150-seat luxury conference room, and brand new fitness facility.

https://www.huffingtonpost.com/entry/digging-deeper-what-cowor_b_10150894

Comment

Comment

26 UNIQUE THINGS TO DO IN DENVER THIS WEEKEND

Denver has some popping events lined up this weekend that you do not want to miss. Kick off your weekend by seeing an action-packed film at the Action Figure Film Festival and end it by getting cultured with food at The Art of Brunch. Whatever you have planned, make sure to take a look at this roundup of events happening in Denver.

https://303magazine.com/2018/09/this-weekend-denver-events-67/

Comment

Comment

Perfect-For-Fall Day Hikes Near Denver

aspenleaves 2.jpg

A waning Colorado summer brings cooler nights, earlier sunsets and an onset of radiant hues throughout the Front Range. See the best of fall in the Centennial State with these six accessible hikes—all less than 90 minutes from Denver. 

FALL HIKES WE LIKE

Raccoon Trail in Golden Gate Canyon State Park

By Terri Cook

Peaks to Plains Trail

By Terri Cook

Left Hand Trail Near Boulder

By Natasha Gardner

North Twin Cone Peak

By Logan AbbottTerri Cook

Kenosha Pass

By Natasha Gardner

Elk Falls at Staunton State Park

By Katie Hearsum

Meyer Ranch Park Loop

By Terri Cook

Caribou Ranch Loop

By Terri Cook

https://www.5280.com/packages/perfect-for-fall-day-hikes-near-denver/

Comment

Comment

Major Trends in Coworking

8 Major Trends in the Coworking Industry

We at CoworkingResources have been recently invited by a large national coworking chain to talk about major trends in the coworking industry at their annual retreat.

While that was great, we wanted to make the list with the main points we’ve talked about available to everyone. Some of them might be controversial but we’d be happy to get your comments and discuss them.

1 - Real estate is becoming an on-demand experience

A lot of companies we work with move every 18 or 24 months. What sense do 10 year leases still make? Companies look for fast solutions and there is no bigger trend visible than real estate adapting to the needs of companies and trying to become an on-demand product.

2 - Coworking is not a hippie camp, it’s modern facility management

Coworking has often been laughed at as a lifestyle choice. Truth is: large coworking space operators build out prime locations in cities and snag these spots away from interested corporate companies. To make the point: This is modern facility management, not a hippie camp.

3 - Technology can create a 5* experience

You can’t and actually don’t want to have a 20 people management team per location. Smart use of the right technologies can avoid problems and create a superior experience. More and more coworking spaces offer companies and small teams  a high technology enabled environment without having to plan and cover those fixed costs themselves.

4 - Corporates are not only using but adopting coworking

We’ve seen outposts of large corporate companies camping in small coworking spaces. But if you think about it – when those companies plan new facilities, they are incorporating coworking as part of their concept.

5 - Large coworking spaces can’t use coworking tools

Coworking tools have been built for spaces between 20 and 200 members. What happens if you have 10 spaces with 400 members each? Would managing your members in Salesforce make more sense? You can’t keep the Apple Airport Express you used with a 50 member space forever, at some point you will have Cisco routers.

6 - Coworking spaces fight for the same goal

Working with many coworking spaces in one city makes it clear to us: they don’t compete for “the best space in the city” anymore, there is enough supply in coworking members for everyone. Maybe one space is more real in their intentions than others, but the only question remains: how fast can we make the city a coworking city?

7 - Technology decides on how fast you can scale

If you are hiring a large operations team to help with every little problem, chances are you have trouble scaling that model. The more of your on-and off boarding you have automated while keeping the member experience high defines how fast you’ll be able to scale – without much team additions.

8 - Your team will have more engineers

Someone has to connect all the API’s, set up the IT infrastructure, make sure the space is secured with cameras and access control as well as keep your own data safe. Chances are you are hiring an office automation engineer this year.

Conclusions

With venture capital funds pouring more and more money into the industry in 2018 (see the massive investments for Knotel in the U.S. and Woo Space in China), independent business owners entering the market, and more and more technology tools serving shared workspaces, this really appears to be just the beginning for this vibrant sector!

We are committed to staying on top of new trends and always draw an up-to-date picture of the state of coworking.

Hope it was fun to read and got your thoughts going. If you have any comments or questions, feel free to get in touch! If you liked what you read, share it with your friends via email, LinkedIn, Facebook or meet in VR!

 

By Alberto Di Risio with Coworking Resources

 

https://www.coworkingresources.org/blog/major-trends-coworking?utm_campaign=Cowork%20Email%20Newsletter&utm_source=hs_email&utm_medium=email&utm_content=65817628&_hsenc=p2ANqtz-97cAjV5293H-DVLPva8fRtKripiHoqoVUqhW5E49qQvei4S5CaUH-yL8RcLXfXsvfIXIR0vpH0Dk3P7rYoa8JJMOT5PySgAShvjhH5HnuIhSm14Bg&_hsmi=65817630

Comment

Comment

4 Benefits That Explain Why Large Companies Are Increasingly Turning to Coworking

20180905212635-GettyImages-991439446.jpeg

Check out this article from Entrepreneur.com

 

If you picture "coworking" as a group of tech-startup millennials sitting around on second-hand furniture in a common space, think again. Today’s professional coworking sites attract a diverse array of companies and individuals as members. Most also provide chic environments with such amenities as 24/7 access, custom coffees and teas, honor bars and cafes, high-tech security, private offices, workout facilities, high-end furnishings, social and networking events, learning opportunities and much more.

Related: How Coworking Impacts Innovation for Startups and Small Businesses in the U.K.

"Coworking" is typically defined as membership-based workspaces where diverse groups of freelancers, remote workers, and other independent professionals work together in a shared, communal setting. As these alternative work settings have matured, they've begun to attract large enterprise clients who see these spaces as a solution to some of the tough challenges they face.

 

Check out the rest of the article here:

https://www.entrepreneur.com/article/319605

Comment

Comment

Is the Coworking Bubble set to burst?

coworking-1.jpg

It seems that the world is abuzz with thoughts of creating the next big tech startups, with the prospects of such innovations touted on both individual and societal levels.

For instance, a soon to be published paper from Rotman academic Laura Doering highlights the entrepreneurial potential of poor communities in Panama. Such communities have just as much potential as richer communities, they say, but they struggle to sustain those businesses into profitability compared to their richer peers.

“Poorer entrepreneurs often don’t get the chance to profit from the creativity that they’re bringing to market,” the authors say. “It helps us understand why entrepreneurship generally doesn’t serve as an avenue for economic mobility for the poor.”

 

The start-up bubble

 

The study was pertinent because this week I attended the launch of a new co-working facility in the London borough of Croydon. The facility, called TMRW, is part of a multi-billion pound effort to regenerate a part of London that is perhaps typified by the 2011 images of rioting and looting in the area.

Read the rest here:

https://www.huffingtonpost.com/entry/is-the-co-working-bubble-set-to-burst_b_10137868.html

Comment

Comment

The new offices are getting walls!

We are very excited to share the most recent construction photos of our new space at Cobalt Workspaces! Opening October 1st, we have 3-10 person offices, along with coworking and dedicated desk space. Please come by for a tour! Email us to schedule: hello@cobaltoffbroadway.com

 

 

IMG_0962.jpg
IMG_0956.jpg
IMG_0957.jpg
IMG_0959.jpg
IMG_0964.jpg

Comment

Comment

The Future of Coworking

2016-01-10-1452448553-7308490-EnerspaceKitchen-thumb.jpg

This article originally published in the inaugural edition of the Business of Furniture on January 6, 2016 and can be found at this link. If you enjoy this story, you will love the first issue of Workplaces Magazine, a sister publication of the Bellow Press that will launch February 1, 2016. The first issue will explore the world of coworking.


“The word coworking won’t be a word in the future, it will probably just be the way we work.” -Rahul Prakash, partner at Hatch Today.

Twenty years ago, the goal was to get the job, then work your way up “Madmen” style to the office on the 30th floor. Now people on average — not just millennials — stay at their jobs only 4.4years. As workers redefine the goal line from the corner office to autonomy and work-life balance, you can bet the landscape of the office will drastically change. We are already seeing it with the rapid emergence of coworking offices everywhere. However, it’s not just coworking, it’s the motivation behind coworking -autonomy, independence, choice and meaning- that is changing the face of the workplace overall.

 

That said, coworking can’t completely take over the workplace just yet. One of the challenges of coworking is the vulnerability of the revenue model. Since most operators typically stumble into coworking space ownership from other, unrelated industries, it can be a steep learning curve. Rebecca Brian Pan of Covo Coworking says, “Coworking is a vulnerable business model in and of itself. It is not a high margin endeavor. Having all of your revenue come from membership dues, especially when you don’t own the property - and most don’t - there is a lot of risk.” She goes on to explain that lease negotiations are very dependent on market swings. When the lease expires, some landlords push rent up as much as 300%. Suddenly, what was a perfectly viable, profitable business is now working really hard just to exist.

A lot of coworking spaces, upon recognizing the vulnerability of the model, try to buy property or add additional revenue streams. In other countries, like Canada, it is possible to crowd source funding for buildings (i.e. each coworking member pays a portion and becomes an “owner”). Pan explains, “In Canada there is something like an equity bond where any individual can invest in anything they want. A friend owns The Foundry in Toronto. Members can purchase a minimum $1K bond certificate (or more if desired). By this, they were able to crowd source funding to buy the building that they originally had a lease on. We can’t do that in the US.” She went on to explain that in the US, due to laws, in order to invest every one of those people would have to be an “accredited investor.” This means they would have to have at least one million dollars in assets to qualify to invest. Laws have changed, but are not yet executable because regulations aren’t yet in place through the SEC. When this movement fully realizes, it will be a huge coup for coworking spaces.

 

https://www.huffingtonpost.com/entry/the-future-of-coworking_b_8950140.html

Comment

Comment

Digging Deeper: What Coworking Tells Us About The Future of Commercial Real Estate

Authors: Amol Sarva and Jayson White

With a valuation of more than $16 billion, WeWork’s incredible growth, alongside the emergence of at least 100 other growing coworking brands, proves just how popular shared and flexible office spaces have become. But as valuations climb and the headlines keep coming, we may be seeing the tip of the iceberg for an incredible wave of change coming to the commercial real estate industry.

What’s often forgotten amongst all the focus on coworking, are the much larger, more complex and far more interesting global trends at hand. As growing companies compete in rapidly changing markets, leases have been getting shorter and shorter for years. And landlords, who constantly compete for the best and brightest tenants, continue to load their buildings with amenities and “lifestyle” services.

Read the rest here:

https://www.huffingtonpost.com/entry/digging-deeper-what-cowor_b_10150894.html

Comment

Comment

Cobalt Food Spotlight: Gabribaldi Mexican Bistro

o.jpg

You would never know it is there....hidden in a gas station, in the heart of Englewood, Gabribaldi's has become my favorite authentic Mexican restaurant in Denver! Fresh, light, classic Mexican seasonings and style of cuisine, this is not your dressed up 'fancy' taco joint, just your mouth-watering, stuff your face, flavor explosion, simple and perfect authentic Mexican food.

Check them out....and you're welcome.

https://www.yelp.com/biz/garibaldi-mexican-bistro-englewood?osq=mexican

Comment

Comment

Working remotely doesn't mean you should work from home!

19dv9q4atb93xjpg.jpg

You're a permanent freelancer or an early stage entrepreneur and you don't have an office to go to. Your options are usually one of these three things: work at home, work at a coffee shop, or work at a coworking space.

This post originally appeared on The Next Web.

In my own progression as an entrepreneur, I've gone through the above stages in that order and here's my insight into how you should evaluate your own space:

Working at Home

The big perceived incentive for working at home for most people is the savings. Spending money to rent a desk or buying coffee/food is cash that could otherwise be used on your business. It's a valid assumption, but it's important to think about how much value you could be getting by not using your home as a workspace.

Read the rest here:

https://lifehacker.com/working-remotely-doesnt-mean-you-should-work-from-home-1510086412

Comment

Comment

Pop Up Coworking

L.L. Bean, Industrious bring outdoor pop-up coworking with wi-fi, outlets, and stationary bikes to Navy Yard

dixon-615538-f-wp-content-uploads-2018-07-1229134_adf4b960771e8e1-1200x800.jpg

Check out more  info below!

http://www.philly.com/philly/business/retail/l-l-bean-industrious-outdoor-coworking-wifi-outlets-stationary-bikes-navy-yard-20180718.html

Comment

Comment

The rise of women-only coworking spaces

womanonly.jpg

For entrepreneurs, a coworking space can be the perfect place for a great idea to take root. Without a designated office to go to every day, freelancers, artists, and independent business owners can rent a desk in these hip spaces, which serve not just as an alternative to the noisy coffee shop, but also as a networking spot, where connections are made and ideas forged.

Indeed, coworking has been on the rise for years. The most infamous coworking company, WeWork, has 120,000 customers in more than 150 offices across the globe, and is worth a stunning $20 billion. But not everyone loves this trend. Some women find the spaces on offer so packed full of men who work in the tech industry, they might as well be called "broworking" spaces.

As the #MeToo and Time's Up movements shine a light on some of the hazards of working while female, coworking hubs for women and people who identify as non-binary are popping up around the country.

Read the rest here:

http://theweek.com/articles/759527/rise-womenonly-coworking-spaces

Comment