Hi, everyone! Just like a lot of other people, I have been watching this group for a long time and have finally decided to jump in. I have been researching coworking for about a year now and am now seriously considering opening a space.
I live in Springfield, MO (area population about 250,000) and as far as I have been able to determine there are no other coworking places open here. My background is taxes and bookkeeping so I've spent a lot of time in offices! But just in my own family, I have found a real need for coworking (built-in customers, right?). And just discussing this with family members who are in networking groups, I think there is a real need here. I have started building a budget and looking at property for lease. I have found 3 properties of various sizes in an area that I think would work well. Here is my dilema: Prop 1 - decent size, smallest of the three but not a lot of room for expansion, all inclusive lease, no long term lease required. Prop 2 - larger space, triple NNN 3-5 yr lease. Prop 3 - even larger space, won't use all of it to start, so have room to grow, all inclusive lease, 3 yr min with some free rent for longer lease. All three spaces have comparable sq footage rates and can get in with minimal expense and time delay. Question: Is it better to start smaller, keeping expenses to a minimum, then expand by opening a second location in another area of town OR lock in good rent rate now on bigger space and expand there rather than opening a second location? I have knocked the pros and cons around on this for a few days now; but wanted to see what you all thought. Thanks in advance for your help! Diane -- You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
