Sorry to send this to the whole list but I can't find any source of info. How do I unsubscribe from this list? (It should really be on the end of each posting) Ta, Ivan On Mon, 1 May 2017 at 04:28, Alex Linsker <[email protected]> wrote:
> What's the longest lease for a coworking place or other businesses that > you know of that works well? Anything 15 or 20 years or more? > > Context: > > After getting paid to do this for 6 years, and having experimented with > not actually leading coworking for a portion of that, I can see doing it > for 50 more years or my entire paid work, whichever is more. > > Why not buy: I don't currently personally have resources to buy a > multi-million dollar building, and we're not yet where I see us buying a > building as a group, and I (and most members) see us growing into multiple > locations, so we could always buy buildings in the future. > > Why not do a shorter lease: When a lease ends, my sense is that rents go > up, and in Portland Oregon, rents have gone up quite a bit and seem to be > on track to go up quite a bit. I haven't found owners would would put a > renewal option into the lease other than to renew at 'market rate' which > isn't really a renewal option. > > The plus to a shorter lease could be that the business model is revised in > 5-7 years (moving out totally benefited us after 5.5 years at our first > location, when we moved to two very different locations), but right now we > are doing well with the current business model, and while I see how that > could change, it doesn't seem likely. > > So I could see a longer lease being better than a 5- or 7- year lease. Do > you know of businesses, or coworking places, that have signed long leases > and enjoyed that? The longest I know of for coworking are 12-year leases, > and that seems like it can work great; I know one company where it makes > total sense. I could see doing a 15- or 20- or even longer lease, with the > option to sublease or assign the lease. I've heard of one big retail > company that does 75-year leases, which seems too long to me, but where I'm > at right now, I could see between 15 and 20 years feeling good. I could > also see doing 7-year leases, and renegotiating or moving every 7 years, > and having rent go up 15% every year until we hit peak, whenever that will > be (I don't think we will for at least 15 years). > > A related question is risk management; if we have 2 venues now and grow to > more, what are the risks of growth and other risks (obviously not growing > too fast or overcommitting -- which could be what a too-long lease does -- > but under-committing seems to be what a too-short lease does, so it seems > to balance out), and how does one balance that. > > Would love your perspectives and hearing about your own experiences. > > -- > Alex Linsker | Business Owner > Collective Agency <http://collectiveagency.co/> > (503) 517-6900 office | (503) 369-9174 mobile > 3050 SE Division, Suite 245 | Portland Oregon 97202 > 1410 SW Morrison, Suite 850 | Portland Oregon 97205 > > -- > 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 [email protected]. > 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 the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
