One key word that you can use that’s standard in the real estate world:
- “rev share”. This is common for retail stores inside malls. The more
you earn, the more rent you pay.
Another is like the hotel industry, where a hotel brand/operator might…
- have a minority ownership stake in the building, but this requires
the hotel to invest some $.
- win a bid to operate a hotel b/c the developer wanted a hotel from
the start.
So here’s the main difference b/w hotels and coworking: developers want a hotel
from the start, so they need an operator. Office developers mostly don’t want
coworking initially, but now are considering it, which is more of a fix for
their vacancy or rental income after the fact rather than initially.
Good luck!
JEROME CHANG <>
talk to us: (323) 330-9505 <>
chat w/ us: <>http://www.BLANKSPACES.com/chat <https://lc.chat/now/7173741/>
WEST: Santa Monica <> | <>1450 2nd St (@Broadway)
CENTRAL: Culver City <> | <>9415 Culver Blvd (@Main St)
EAST: Downtown LA <> | <>529 S Broadway (@Pershing Sq)
NORTH: Pasadena <> | <>680 E. Colorado, Ste 180 (b/w Lake and Los Robles)
SOUTH: Long Beach <> | <>309 Pine Ave (@Broadway) - opening Summer 2018
> On Jul 6, 2018, at 10:25 AM, [email protected] wrote:
>
> Hi group! I've been following all of your great questions and advice for a
> bit now. Thanks so much!
> My business partner and I are still in the "planning and searching for a
> space" phase. Still so much to learn!
> Since we do not have a large amount of capital to put in this business we are
> looking at all the options.
> Has anyone entered into an agreement with a landlord where they are the owner
> and you are the operator/manager? Is it traditionally known by another term?
> We keep hearing about such arrangements but would love to hear about a
> specific example and what kind of terms might be acceptable.
> You can read about the reference to the concept here (the second option in
> the article):
> https://www.globalworkspace.org/2016/03/three-ways-to-run-a-coworking-space-without-signing-a-lease/
>
>
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