Landlords, property owners, and prospective operators need to make decisions based on data, not instinct. That’s where DenSwap comes in. But what exactly do they do?
In an ever-evolving market, understanding the potential of putting a coworking business within your properties can make or break your success.
Phil Vanderwoude, COO of Coworks, sat down with DenSwap CoFounder Craig Baute for a three-episode conversation designed to empower prospective owners and operators with the knowledge and data to make smart choices, from location to model to members.
Many coworking operators come from hospitality. But for commercial real estate (CRE) professionals considering flexible workspaces, understanding the shift from B2B to B2C is crucial.
In this first conversation, Craig Baute and Phil Vanderwoude will delve into how a coworking feasibility study starts with a change in perspective. Learn how to gauge an area’s appetite for coworking, whether you own a building or are an entrepreneurial investor. Discover the critical data points that will inform your decision-making process.
What does your specific market want? From coworking models to amenities and pricing, episode two will explore the intricacies of meeting market demands.
Craig and Phil will reveal the insights a coworking feasibility study provides, helping prospective flex operators understand what will work best in their area. Gain the confidence to make informed decisions backed by solid data, ensuring your coworking space is designed to meet local needs and preferences.
Once your market and model have been validated with feasibility data, the next step is planning your path to profitability.
In the final episode, Craig and Phil will discuss the financial aspects of launching a coworking space. Learn about the upfront costs, revenue projections, and how to strategically plan for a successful return on investment. Equip yourself with the knowledge to confidently navigate the financial landscape of coworking spaces.
People become coworking owners and operatrors for a variety of reasons. But due diligence and market research can empower those decisions, limiting surprises and reducing risk. And letting you use data to build a powerful community.
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