Our smallest office is 8x11 ft and rents for $425/month, our largest office is $208 ft2 and sells for $700/month but it's in the basement with only 1 little window.
Aside from size, anything can be worked as a private office as long as it has a door, adding exterior windows seems to be the thing that drives up price and therefore profitability. You just want to make sure that you can get at least 40% more for the square footage of an office than what you pay in rent. Angel On Thursday, April 27, 2017 at 9:16:08 AM UTC-6, Jen Luby wrote: > > While we're on the subject, is there a guideline for private office > size (i.e. offices that are permanently rented out to members on a > monthly or even yearly basis)? I was originally thinking 10'x10', > which fits into the 100sf rule. But maybe it's different when you've > got four walls to define "your" space? > > Jen > > On Thu, Apr 27, 2017 at 8:48 AM, Alex Hillman > <dangerous...@gmail.com <javascript:>> wrote: > > Jen's numbers are pretty close - 100sf per person (that's counts for all > > common areas, too) is a decent rule of thumb. The 4-to-1 ratio only > works on > > flex desks though, so that final count isn't quite right. > > > > I generally recommend staying between 40-60% full time desks, and > keeping > > the rest flex, to avoid territorialism and maximize the > > serendipity/collision potential that everyone raves about with > coworking. > > > > So 5000 sq ft would could be 50 spots, and if you did an even split of > full > > and flex (you'd have a estimated membership capacity of 25 + (25*4), or > 125. > > For a 5000 square foot space, this is a much more realistic number > before > > you start running into issues or ever needing to worry about > overbooking. > > > > With all of that math said, two caveats: > > this calculation depends SO heavily on everything from the kinds of > members > > in your community, the other work environments they have access to/use > > already, and even the seasons and weather. > > > > The OTHER thing, and this is the most important, is that knowing what I > know > > now I would actively try to avoid tying membership capacity to square > > footage. Yes, the workspace has finite resources but the COMMUNITY can > exist > > (and thrive) beyond the walls of the space. 60%+ of our members almost > never > > use the space, but get value from membership through events and online > > community interactions. > > > > Honestly, we had this baked into our founding community and it kinda > fell > > off a few years in, but once we started focusing on it again it's been > the > > biggest aspect of our growth. People join before they need a desk to > have a > > supportive community as they figure out their next professional move, > and > > people keep memberships after job changes and physical relocations where > > they don't need a desk, but still have ways to belong and contribute. > > > > So get the numbers as a baseline, and make sure they add up. Then look > for > > ways to grow membership that aren't tied to square footage. That's where > the > > growth and resiliency is! > > > > -Alex > > > > > > On Apr 27, 2017, 9:30 AM -0400, Kevin Haggerty <kevinrh...@gmail.com > <javascript:>>, > > wrote: > > > > Thank you, Jen. This was very helpful. :) > > > > -- > > Visit this forum on the web at http://discuss.coworking.com > > --- > > You received this message because you are subscribed to the Google > Groups > > "Coworking" group. > > To unsubscribe from this group and stop receiving emails from it, send > an > > email to coworking+...@googlegroups.com <javascript:>. > > For more options, visit https://groups.google.com/d/optout. > > > > -- > > Visit this forum on the web at http://discuss.coworking.com > > --- > > You received this message because you are subscribed to a topic in the > > Google Groups "Coworking" group. > > To unsubscribe from this topic, visit > > https://groups.google.com/d/topic/coworking/dcS5nb6vpvQ/unsubscribe. > > To unsubscribe from this group and all its topics, send an email to > > coworking+...@googlegroups.com <javascript:>. > > For more options, visit https://groups.google.com/d/optout. > > > > -- > -------------------------------- > Jennifer Dunham Luby > jenni...@gmail.com <javascript:> > c: 847.207.0358 > -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to coworking+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
