Coworking space
Twin Cities
Coworking spaces are continuing to expand across the globe.
We work differently than we used to and we don’t necessarily work in the same space every day. So what is coworking anyway? Coworking is one of the fastest growing sectors in commercial real estate yet represents only 1% of the world’s office space.
Coworking is:
Membership-based, shared workspace with open, dedicated and private offices
Cool, shared, common space with lots of community and camaraderie
Amenity-rich and for anyone from a solopreneur to a Fortune 100 organization
The term was first used in 1999, and the first coworking spaces were developed in San Francisco in 2006 – including Hat Factory and Citizen. Today there are over 19,000 coworking spaces across the globe and over 25 coworking operators in the Twin Cities area. Some building owners are even starting to get into the coworking business to monetize common area spaces.
KimbleCo is especially experienced in coworking:
We are coworking members
We are consultants to coworking brands
We are real estate brokers and project managers to coworking brands
Our experience includes:
New coworking business, brand and space
Develop business model
Develop financial pro forma
Build the project team
RFP, contract negotiation and management of brand consultant
RFP, contract negotiation and management of architect
RFP, contract negotiation and management of contractor
RFP and management of furniture vendor
Project management of development and construction process from design - construction
Assist with marketing
New coworking business, brand and space in a niche coworking concept
Develop business model
Develop financial pro forma
Review and comment on business plan
Assist with funding resources
Negotiate selection of architect, manage contract negotiations
Negotiate selection of contractor, manage contract negotiations
Provide tenant rep services to find space – assist with lease negotiation
Project management coordination services for development of new space
Existing coworking business
Consulting services and marketing of existing coworking locations
Tenant rep services to find new locations
Benefits of a coworking space
Flexible terms
Reduced costs
Built-in amenities
Business networking
Business services
Cool common space
Opportunity to work in multiple locations
Product type
Coworking
scope of services
Development & New Business Consulting
Project Management
Marketing & Promotion
Client
3 Local Twin Cities Coworking Companies
Goals and vision
Growth & Profitability
Unique Brand Development
Competitiveness
Challenges
Growing Competition
Budget
Schedule