Coworking is here to stay (or more aptly put, Flexible office space). The competitive landscape and the number of choices a company has continues to be on the rise in every major city around the world.
And a lot of my clients are coming to me wondering HOW they should integrate Flexible office space into their real estate strategy.
Below I’ll give you 3 key pieces of advice to dispel the main misconceptions around choosing the right flexible environment.
1. Weigh out your options
Often companies are going to the ‘known’ brand names like WeWork or Spaces, which are both great offerings.
However, the reality is that there’s a huge variety of providers out there.
Other examples include Convene (who provide a high-end solution equivalent to business class that combines events/meetings & flexible workspace in one full stack), Knotel and Breather (who do private flexible space), as well as local brands, using Toronto as an example, Workhaus or Workplace One.
Each provider offers different things that might integrate better into your real estate strategy.
2. Don’t buy ‘off the rack’.
There’s always room for negotiation when it comes to real estate, and flexible office space is no exception. Often my clients think that the price is fixed, but it’s always appropriate to open up the conversation on what your provider can offer.
Which leads me nicely onto my next point…
3. Get some good advice.
Even when it comes to flexible spaces, it’s good to leverage an agent that can help you not only negotiate on price but also on the type of offering that works for you and your business. They will help you remove the mystery, avoid costly mistakes and ensure you’re in the best environment to contribute to your success.
Tell me how you’re integrating coworking into your Real Estate Strategy!