Alex,
Great article!!!
I have a question for the “group”. I have a nonprofit group called Adventure Scientists for Conversation using our one available office. We charge $250 a month for 140 sq. ft. He’s now grown to 8 people and has asked to expand into our small conference room, which is 325 sq. ft. We still have a larger conference room that can be used for small or large groups. Right now, their expanding group uses the small one too when not rented.
I had one commercial realtor tell me to charge $14/sq. ft. plus triple net of $3. Then a another realtor I have been working with in exploring downtown space said my formula was all wrong. He came over and wrote out the following:
Whole building sq. ft. = 5,250
Blue Ocean Innovation Center - 2500
Common Area in Blue Ocean - 1440 - large open work area and kitchen and couch area
Common Area in Entry Way and two bathrooms and access to outdoor area - approximately 510 sq. ft (shared by dental office in the other half
We own the building and pay $8,000/year as a member of a two building association for landscaping, parking, snow removal, trash/recycling.
We also pay $8500 in annual taxes for our building alone.
Coworkers get “free” printing and free color to a certain #, free coffee & tea…
The math formula provided by the last realtor said to figure out their percentage of entire Blue Ocean space, the # of sq ft of Common Area Space (CA), the triple net costs and come in with more square footage by percentage of their space and CA usage, charget $12 per square ft and $3 triple net…
Does anyone have a better formula or comments on the above. I could let them us the conference room as they are and still charge more because they have grown from 2-8 employees and not give it to them at all…it has to make economic sense. Thank you! Becky, Founder
···
On Wed, Apr 2, 2014 at 2:08 AM, [email protected] wrote:
Today’s topic summary
- Who’s tracking their membership churn? [4 Updates]
- Airbnb now offer hourly desk space booking! [6 Updates]
- Academic Coworking [2 Updates]
- How did you find your coworking space? [1 Update]
- How to approach a new market with the coworking concept? [1 Update]
Who’s tracking their membership churn?
Alex Hillman [email protected] Apr 01 05:27PM -0400
As the business aphorism goes, it's a lot easier to keep an existingcustomer than it is to get a new one.
I know there are a variety of systems out there that people are using, I’m
…more
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Jacob Sayles [email protected] Apr 01 02:43PM -0700
Fun stuff! Yes, we track this stuff in Nadine and have some staff facingstats pages that show us some basic data. I’d love to dive deeper and I’m
always trying to recruit data nerds that want to
…more
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Glen Ferguson [email protected] Apr 01 06:03PM -0400
I recently started calculating average monthly recurring revenue, averagemember lifetime, average lifetime of past members, member lifetime value, %
renewal rates (which is the opposite of churn,
…more
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rachel young [email protected] Apr 01 07:14PM -0400
We've tracked member usage since almost day 1, which was 4yrs ago, so wecan see how long a member has been here, when their anniversary date is,
and what their usage patterns are.
…more
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[email protected] Apr 01 08:50AM
[airbrb.com](http://airbrb.com) really?-----Original Message-----
From: Victoria Arnold [email protected]
Sender: [email protected]
Date: Tue, 1 Apr 2014 01:03:20
To: <[email protected] >
…more
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“Eric Y.F Lim” [email protected] Apr 01 04:59PM +0800
Very good idea! I tried to register my spare table ..... then I realizedtoday is 1st April
[...more](http://groups.google.com/group/coworking/msg/3ff47d88edda5500)Back to top
Victoria Arnold [email protected] Apr 01 02:16AM -0700
haha yes! so did I... renting your desk while you're at the bathroom...talk about resource utilisation
On Tuesday, 1 April 2014 09:59:27 UTC+1, Eric Y.F Lim wrote:
[...more](http://groups.google.com/group/coworking/msg/568e3492ff270dbd)Back to top
[email protected] Apr 01 09:18AM
:)-----Original Message-----
From: Victoria Arnold [email protected]
Sender: [email protected]
Date: Tue, 1 Apr 2014 02:16:41
[...more](http://groups.google.com/group/coworking/msg/192caa85d8572bff)Back to top
“Christian M. Macy” [email protected] Apr 01 02:19PM -0700
But seriously has anyone found a good way to tie in with AirBnB so thatwhen someone is visiting they know where they can go to work other than the
living room or a coffee shop?
[...more](http://groups.google.com/group/coworking/msg/866ad1c5fa71f75c)Back to top
Rena Tom [email protected] Apr 01 02:34PM -0700
I talked to them well a year ago about something like this. They werestarting a neighborhood ambassador program where people would be directed
to the local coffee shop where they could learn the
…more
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“Piotr Boulangé” [email protected] Apr 01 10:06AM -0700
This is very good paper for starters! and also the coworking space looksgreat. Nice website BTW
Thank you for sahring. If I should have any question, I’ll get back to you.
PB
[...more](http://groups.google.com/group/coworking/msg/90a8dd744022919)Back to top
Soleil Onoya [email protected] Apr 01 10:50AM -0700
Hi Tamara,Thanks for sharing that link. It’s quite informative and I really enjoyed
reading it.
Cheers,
Soleil
On Monday, March 31, 2014 8:02:19 AM UTC-7, Tamara Acosta wrote:
[...more](http://groups.google.com/group/coworking/msg/24a5bce1e01a22f0)Back to top
Barbara Sprenger [email protected] Apr 01 10:30AM -0700
Hi Karina,Where are you looking? We have a couple of amazing brokers. With both, we
were satisfied with the deal, and they went even further – getting us an
even better deal! LoopNet is the
…more
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Daniel Rivera [email protected] Apr 01 07:20AM -0700
Alex Hillman has a great article on focusing on your first 10.http://dangerouslyawesome.com/2011/09/how-to-fund-your-coworking-space/
I’m from South TX too, what is the name of your space? Can
…more
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Becky H. Smith, Ed.D., Founder
Blue Ocean Innovation Center
1820 W. Lincoln St.
Bozeman, MT 59715
406-551-1262
406-579-2849
[email protected]
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