Tony, Economically it makes sense for us to start with this smaller space at a discounted rate... it's the right size for the first year. Ideally I'd like an 18 month lease with two 2 year renewal options - and I'd be fine with paying a bit more at that point in time (but can't do so up front since I am likely funding this largely out of pocket). I'd also like the ability to start renting the other floor when it becomes available (that date is currently unknown, but I'm guessing is likely to be within 1-2 years based on the owner's situation). I'm taking some members of our community through the space next week. If they're excited about it, I'll work with my realtor to come up with some creative proposals.
*Aliza Schlabach* Founder Coworking for Parents (soon to be "Juice Box") www.CoworkingForParents.com <http://www.coworkingforparents.com/> <[email protected]> 215.858.4658 Sign up for our email newsletter <http://www.coworkingforparents.com/> | Join our Meetup group <http://www.meetup.com/CoworkingForparents/> | Like us on Facebook <http://www.facebook.com/CoworkingForParents> On Mon, Aug 20, 2012 at 1:35 PM, Tony Bacigalupo <[email protected]> wrote: > Aliza, it sounds like it's a judgment call. There's a balance to be struck > between what you can practically get done now and what you want it to > become. > > I pushed hard to get a big space of our own right off the bat, but it > wasn't practical at first, so we started with a temporary sublet. It let us > get in the door, work out kinks, and start building the business with very > little capital investment and minimal risk. 18 months later, we were > actually ready to take on the big space I wanted in the first place. Not > nearly as quickly as I wanted, of course, but that was how it worked out. > > If you have the means, and are able to wait until you get the right deal, > then by all means hold off. Especially if you plan to invest heavily in the > space. > > What kind of renewal option are you hoping for? > > Tony Bacigalupo > New Work City <http://nwc.co> > > > > On Mon, Aug 20, 2012 at 1:26 PM, Aliza Torok Schlabach < > [email protected]> wrote: > >> Hi everyone, >> >> I am curious about what kind of basic lease structures you all have (or >> had when starting your spaces). There's a space I'm interested in, and I >> can get a very good rate ($10/sq ft/yr, gross) for 18 months, but the >> landlord will not give me any kind of renewal options... which means I >> could get booted from the space after a year and a half. Right now it's the >> only compelling location on the table. Since I'm trying to incorporate >> child care into my plans, the space requirements are much tricker than for >> straight up coworking; I've been searching for a building since March and >> haven't had any luck yet. >> >> The landlord will pay for installing 2 bathrooms and a kitchenette (a >> bare minimum to start up the space). The only other work I'd really need to >> do is painting and installing some new lighting. There's another floor that >> I would love to expand to if all goes well (another 5,000 sq ft with 3 >> bathrooms and a kitchen)... but there's no guarantee that I'll be able to >> do so. >> >> My real estate agent doesn't recommend doing it - she says I'm too >> exposed to risk with this deal. Wanted to hear all of your thoughts... >> >> Thanks! >> >> *Aliza Schlabach* >> Founder >> Coworking for Parents (soon to be "Juice Box") >> www.CoworkingForParents.com >> <[email protected]> >> 215.858.4658 >> Sign up for our email newsletter <http://www.coworkingforparents.com> | Join >> our Meetup group <http://www.meetup.com/CoworkingForparents/> | Like us >> on Facebook <http://www.facebook.com/CoworkingForParents> >> >> >> >> -- >> 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. >> > > -- > 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. > -- 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.
