[Coworking] What's keeping you up at night lately?

[Angel Kwiatkowski]

What's stressing you out, keeping you up at night or otherwise making you 
banging your head on a wall? Let's see if the group can help!


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[Coworking] Re: Coworking Content Alliance

[Angel Kwiatkowski]

I love this group! I've done more with my content in the past few weeks 
than I have in 2 years!

On Thursday, April 27, 2017 at 4:29:48 PM UTC-6, Cat Johnson wrote:
>
> Hi everyone
>
> I recently started the Coworking Content Alliance 
>  Facebook group to 
> share content ideas, questions and resources and hold each other 
> accountable with our content creation. Already we've had great 
> conversations about Instagram marketing, live streaming, using Zapier for 
> automation, editorial calendars and much more. If you'd like to join the 
> alliance, we'd be happy to have you: 
> Facebook.com/groups/coworkingcontentalliance
>
> I also sent out a survey to my newsletter subscribers to find out how I 
> can better help them with content strategy and creation. If you have a 
> minute to fill it out, I'd appreciate it: Cat's Quickie Content Marketing 
> Survey 
> 
>
> Cheers,
> Cat
>

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[Coworking] Re: longest lease for coworking place?

[Angel Kwiatkowski]

I have a 10 year lease at Bandwidth and that was purely because our 
construction was so expensive and the space so specific that the only way 
we could make the math work was to pull it out over the course of 10 years. 

I feel the same way about not really ever wanting to do anything else but 
coworking for the rest of my days though I'm sure it'll evolve over time. 

I'm currently working on the feasibility of buying my building we've been 
in for 5 years. I'd much rather be building equity in a long term 
investment even at low margins than lining someone's else's pockets while 
we implement our vision in his space. He's a great, wonderful landlord but 
I'm ready to turn him into a seller :)

Since Cohere started in the worst economy and thrived, I'm not concerned 
about the market. I think it's a safer bet than most types of biz.

Angel

On Sunday, April 30, 2017 at 9:28:02 PM UTC-6, Alex Linsker 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 
> (503) 517-6900 office | (503) 369-9174 mobile
> 3050 SE Division, Suite 245 | Portland Oregon 97202
> 1410 SW Morrison, Suite 850 | Portland Oregon 97205
>

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Re: [Coworking] longest lease for coworking place?

[Jerome Chang]

Restaurants will sign for 20-25+ years.
Hotels might lease for 50+ years, as they do not always own their own buildings.
Anytime where the location is critical, as in business cannot transact 
elsewhere, you’ll want to stay put.

In these past 5-8 years, I can completely sympathize with itches to lock in 
lower rates, as rates have only gone up. But cycles do happen, and this bull 
run has been some 8+ years. I would say that building ownership is only for 
those with iron stomachs, or those like you, who are committed to staying put 
with one particular building for a long time. This is no different than those 
who own vs rent their homes.

Be careful re:sublease. Landlords can sometimes require that they get 50% of 
the sublease rent increase, which quickly evaporates any profit you might take. 
And then as the sublessor, you effectively become a landlord, without any of 
the perks of being the landlord.

Having more locations is like having kids: each has its pros/cons. You just 
hope the average is better, and/or one’s pros more than compensate for the 
other’s cons.


JEROME CHANG <>

talk to us: (323) 330-9505 <>
chat w/ us:  <>http://www.BLANKSPACES.com/chat 

WEST: Santa Monica <> |  <>1450 2nd St (@Broadway)
CENTRAL: Mid-Wilshire | 5405 Wilshire Blvd (2 blocks west of La Brea)
EAST: Downtown <> |  <>529 S. Broadway, Ste 4000 (@Pershing Square)

> On Apr 30, 2017, at 8:27 PM, Alex Linsker  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 
> (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 
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> .
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> .

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To 

[Coworking] Re: longest lease for coworking place?

[Liz Trice]

Alex,
One thing I've thought about with my own building is getting the community 
- a combination of members and neighbors - to buy the building. I know that 
equity crowdsourcing is legal now. Anyone with experience with this? 

> Liz Trice
PelotonLabs 
Portland, Maine

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Re: [Coworking] longest lease for coworking place?

[Alex Hillman]

Hey Ivan,

Instructions are at the bottom of every post :)

"To unsubscribe from this group and stop receiving emails from it, send an 
email to coworking+unsubscr...@googlegroups.com.
For more options, visit groups.google.com/d/optout."

If that doesn't work for you shoot me a message off list 
(dangerouslyawes...@gmail.com) and I'll take a peek at your profile.

-Alex

On May 1, 2017, 6:16 AM -0400, Ivan Pope , wrote:
> 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  (mailto:alexlins...@gmail.com)> 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 (tel:(503)%20517-6900) office | (503) 369-9174 
> > (tel:(503)%20369-9174) 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 coworking+unsubscr...@googlegroups.com 
> > (mailto:coworking+unsubscr...@googlegroups.com).
> > For more options, visit https://groups.google.com/d/optout.
>
>
>
> --
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Re: [Coworking] longest lease for coworking place?

[Ivan Pope]

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  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 
> (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 coworking+unsubscr...@googlegroups.com.
> For more options, visit https://groups.google.com/d/optout.
>

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