# Abridged summary of cowo...@googlegroups.com - 14 updates in 5 topics **URL:** \ **Category:** Models & Profitability\ **Created:** [April 2, 2014, 5:39pm UTC](https://forum.coworking.org/t/abridged-summary-of-cowo-googlegroups-com-14-updates-in-5-topics/5133 "2014-04-02T17:39:07Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![Becky\_H\_Smith\_Ed.D](https://forum.coworking.org/letter_avatar_proxy/v4/letter/b/f07891/32.png) [@Becky\_H\_Smith\_Ed.D](https://forum.coworking.org/u/Becky_H_Smith_Ed.D)\ **Post date:** [April 2, 2014, 5:39pm UTC](https://forum.coworking.org/t/abridged-summary-of-cowo-googlegroups-com-14-updates-in-5-topics/5133/1 "2014-04-02T17:39:07Z")
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 ![](https://forum.coworking.org/uploads/default/original/1X/68134f51a09aa795df22fc10ceda35c50c5bd59a.gif) > **···** > > On Wed, Apr 2, 2014 at 2:08 AM, [cowo...@googlegroups.com](mailto:cowo...@googlegroups.com) wrote: > > > Today’s topic summary > > > Group: [http://groups.google.com/group/coworking/topics](http://groups.google.com/group/coworking/topics) > > > - 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?](http://groups.google.com/group/coworking/t/56e2ff7ac7d9e6ed) > > > Alex Hillman [dangerous...@gmail.com](mailto:dangerous...@gmail.com) Apr 01 05:27PM -0400 > > > > ``` > > As the business aphorism goes, it's a lot easier to keep an existing > > > > ``` > > > > customer 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](http://groups.google.com/group/coworking/msg/346193f36fbfa3ac) > > Back to top > > > Jacob Sayles [ja...@officenomads.com](mailto:ja...@officenomads.com) Apr 01 02:43PM -0700 > > > > ``` > > Fun stuff! Yes, we track this stuff in Nadine and have some staff facing > > > > ``` > > > > stats 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](http://groups.google.com/group/coworking/msg/9f5b409013027e44) > > Back to top > > > Glen Ferguson [glen...@gmail.com](mailto:glen...@gmail.com) Apr 01 06:03PM -0400 > > > > ``` > > I recently started calculating average monthly recurring revenue, average > > > > ``` > > > > member lifetime, average lifetime of past members, member lifetime value, % > > > > renewal rates (which is the opposite of churn, > > […more](http://groups.google.com/group/coworking/msg/e0d01d2f8eef478a) > > Back to top > > > rachel young [rac...@camaraderie.ca](mailto:rac...@camaraderie.ca) Apr 01 07:14PM -0400 > > > > ``` > > We've tracked member usage since almost day 1, which was 4yrs ago, so we > > > > ``` > > > > can see how long a member has been here, when their anniversary date is, > > > > and what their usage patterns are. > > […more](http://groups.google.com/group/coworking/msg/511172078a9ef603) > > Back to top > > > [Airbnb now offer hourly desk space booking!](http://groups.google.com/group/coworking/t/6aad03f93d40b0c6) > > > cairo…@gmail.com Apr 01 08:50AM > > > > ``` > > [airbrb.com](http://airbrb.com) really? > > > > ``` > > > > -----Original Message----- > > > > From: Victoria Arnold [desk...@gmail.com](mailto:desk...@gmail.com) > > > > Sender: cowo…@googlegroups.com > > > > Date: Tue, 1 Apr 2014 01:03:20 > > > > To: \ > > […more](http://groups.google.com/group/coworking/msg/97c3991d2f27257b) > > Back to top > > > “Eric Y.F Lim” [er...@pc.jaring.my](mailto:er...@pc.jaring.my) Apr 01 04:59PM +0800 > > > > ``` > > Very good idea! I tried to register my spare table ..... then I realized > > > > ``` > > > > today is 1st April 😃 > > > > ``` > > [...more](http://groups.google.com/group/coworking/msg/3ff47d88edda5500) > > > > ``` > > > > Back to top > > > Victoria Arnold [desk...@gmail.com](mailto:desk...@gmail.com) 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 > > > cairo…@gmail.com Apr 01 09:18AM > > > > ``` > > :) > > > > ``` > > > > -----Original Message----- > > > > From: Victoria Arnold [desk...@gmail.com](mailto:desk...@gmail.com) > > > > Sender: cowo…@googlegroups.com > > > > Date: Tue, 1 Apr 2014 02:16:41 > > > > To: [cowo...@googlegroups.com](mailto:cowo...@googlegroups.com) > > > > ``` > > [...more](http://groups.google.com/group/coworking/msg/192caa85d8572bff) > > > > ``` > > > > Back to top > > > “Christian M. Macy” [christia...@gmail.com](mailto:christia...@gmail.com) Apr 01 02:19PM -0700 > > > > ``` > > But seriously has anyone found a good way to tie in with AirBnB so that > > > > ``` > > > > when 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 [bob...@gmail.com](mailto:bob...@gmail.com) Apr 01 02:34PM -0700 > > > > ``` > > I talked to them well a year ago about something like this. They were > > > > ``` > > > > starting a neighborhood ambassador program where people would be directed > > > > to the local coffee shop where they could learn the > > […more](http://groups.google.com/group/coworking/msg/657dd22100424abc) > > Back to top > > > [Academic Coworking](http://groups.google.com/group/coworking/t/5016e494f584f279) > > > “Piotr Boulangé” [piotr.b...@gmail.com](mailto:piotr.b...@gmail.com) Apr 01 10:06AM -0700 > > > > ``` > > This is very good paper for starters! and also the coworking space looks > > > > ``` > > > > great. 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 [outsid...@gmail.com](mailto:outsid...@gmail.com) 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 > > > [How did you find your coworking space?](http://groups.google.com/group/coworking/t/daba6051397edea5) > > > Barbara Sprenger [bspr...@thesatelliteinc.com](mailto:bspr...@thesatelliteinc.com) 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](http://groups.google.com/group/coworking/msg/bf0e084279d60d3c) > > Back to top > > > [How to approach a new market with the coworking concept?](http://groups.google.com/group/coworking/t/ff4b267c3fdda95c) > > > Daniel Rivera [thed...@gmail.com](mailto:thed...@gmail.com) 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/](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](http://groups.google.com/group/coworking/msg/b99eca299dc5fa6d) > > Back to top > > > > > > > > > – > > > > Visit this forum on the web at [http://discuss.coworking.com](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+…@googlegroups.com. > > > > For more options, visit [https://groups.google.com/d/optout](https://groups.google.com/d/optout). > > – > **Becky H. Smith, Ed.D., Founder** > > **Blue Ocean Innovation Center** > 1820 W. Lincoln St. > Bozeman, MT 59715 > > 406-551-1262 > > 406-579-2849 > > bsmi…@gmail.com > in…@blueoceaninnovationcenter.com > > This e-mail is a private communication and may contain confidential information. > If you are not the intended recipient, please note that any disclosure, copying, > distribution or use of the information contained in or attached to this e-mail is strictly > > prohibited. Please notify the sender of the delivery error by replying to this message > and then delete this e-mail. Thank you. ---
**Author:** ![Jerome](https://forum.coworking.org/letter_avatar_proxy/v4/letter/j/a587f6/32.png) [@Jerome](https://forum.coworking.org/u/Jerome)\ **Post date:** [April 2, 2014, 5:54pm UTC](https://forum.coworking.org/t/abridged-summary-of-cowo-googlegroups-com-14-updates-in-5-topics/5133/2 "2014-04-02T17:54:33Z")
My rule of thumb: 3 or 4 x rent. If your market rent is $14 + $3 NNN, then $4.26/SF (= 3 x (14+3)/12). Your 140sf office seems too cheap. Could be $600/mo. Your 325sf conference room could be $1385/mo! Jerome [www.BLANKSPACES.com](http://www.BLANKSPACES.com) > **···** > > On Wed, Apr 2, 2014 at 2:08 AM, [cowo...@googlegroups.com](mailto:cowo...@googlegroups.com) wrote: > > > Today’s topic summary > > > Group: [http://groups.google.com/group/coworking/topics](http://groups.google.com/group/coworking/topics) > > > - 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?](http://groups.google.com/group/coworking/t/56e2ff7ac7d9e6ed) > > > Alex Hillman [dangerous...@gmail.com](mailto:dangerous...@gmail.com) Apr 01 05:27PM -0400 > > > > ``` > > As the business aphorism goes, it's a lot easier to keep an existing > > > > ``` > > > > customer 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](http://groups.google.com/group/coworking/msg/346193f36fbfa3ac) > > Back to top > > > Jacob Sayles [ja...@officenomads.com](mailto:ja...@officenomads.com) Apr 01 02:43PM -0700 > > > > ``` > > Fun stuff! Yes, we track this stuff in Nadine and have some staff facing > > > > ``` > > > > stats 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](http://groups.google.com/group/coworking/msg/9f5b409013027e44) > > Back to top > > > Glen Ferguson [glen...@gmail.com](mailto:glen...@gmail.com) Apr 01 06:03PM -0400 > > > > ``` > > I recently started calculating average monthly recurring revenue, average > > > > ``` > > > > member lifetime, average lifetime of past members, member lifetime value, % > > > > renewal rates (which is the opposite of churn, > > […more](http://groups.google.com/group/coworking/msg/e0d01d2f8eef478a) > > Back to top > > > rachel young [rac...@camaraderie.ca](mailto:rac...@camaraderie.ca) Apr 01 07:14PM -0400 > > > > ``` > > We've tracked member usage since almost day 1, which was 4yrs ago, so we > > > > ``` > > > > can see how long a member has been here, when their anniversary date is, > > > > and what their usage patterns are. > > […more](http://groups.google.com/group/coworking/msg/511172078a9ef603) > > Back to top > > > [Airbnb now offer hourly desk space booking!](http://groups.google.com/group/coworking/t/6aad03f93d40b0c6) > > > [cairo....@gmail.com](mailto:cairo....@gmail.com) Apr 01 08:50AM > > > > ``` > > [airbrb.com](http://airbrb.com) really? > > > > ``` > > > > -----Original Message----- > > > > From: Victoria Arnold [desk...@gmail.com](mailto:desk...@gmail.com) > > > > Sender: [cowo...@googlegroups.com](mailto:cowo...@googlegroups.com) > > > > Date: Tue, 1 Apr 2014 01:03:20 > > > > To: \<[cowo...@googlegroups.com](mailto:cowo...@googlegroups.com) \> > > […more](http://groups.google.com/group/coworking/msg/97c3991d2f27257b) > > Back to top > > > “Eric Y.F Lim” [er...@pc.jaring.my](mailto:er...@pc.jaring.my) Apr 01 04:59PM +0800 > > > > ``` > > Very good idea! I tried to register my spare table ..... then I realized > > > > ``` > > > > today is 1st April 😃 > > > > ``` > > [...more](http://groups.google.com/group/coworking/msg/3ff47d88edda5500) > > > > ``` > > > > Back to top > > > Victoria Arnold [desk...@gmail.com](mailto:desk...@gmail.com) 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 > > > [cairo....@gmail.com](mailto:cairo....@gmail.com) Apr 01 09:18AM > > > > ``` > > :) > > > > ``` > > > > -----Original Message----- > > > > From: Victoria Arnold [desk...@gmail.com](mailto:desk...@gmail.com) > > > > Sender: [cowo...@googlegroups.com](mailto:cowo...@googlegroups.com) > > > > Date: Tue, 1 Apr 2014 02:16:41 > > > > To: [cowo...@googlegroups.com](mailto:cowo...@googlegroups.com) > > > > ``` > > [...more](http://groups.google.com/group/coworking/msg/192caa85d8572bff) > > > > ``` > > > > Back to top > > > “Christian M. Macy” [christia...@gmail.com](mailto:christia...@gmail.com) Apr 01 02:19PM -0700 > > > > ``` > > But seriously has anyone found a good way to tie in with AirBnB so that > > > > ``` > > > > when 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 [bob...@gmail.com](mailto:bob...@gmail.com) Apr 01 02:34PM -0700 > > > > ``` > > I talked to them well a year ago about something like this. They were > > > > ``` > > > > starting a neighborhood ambassador program where people would be directed > > > > to the local coffee shop where they could learn the > > […more](http://groups.google.com/group/coworking/msg/657dd22100424abc) > > Back to top > > > [Academic Coworking](http://groups.google.com/group/coworking/t/5016e494f584f279) > > > “Piotr Boulangé” [piotr.b...@gmail.com](mailto:piotr.b...@gmail.com) Apr 01 10:06AM -0700 > > > > ``` > > This is very good paper for starters! and also the coworking space looks > > > > ``` > > > > great. 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 [outsid...@gmail.com](mailto:outsid...@gmail.com) 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 > > > [How did you find your coworking space?](http://groups.google.com/group/coworking/t/daba6051397edea5) > > > Barbara Sprenger [bspr...@thesatelliteinc.com](mailto:bspr...@thesatelliteinc.com) 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](http://groups.google.com/group/coworking/msg/bf0e084279d60d3c) > > Back to top > > > [How to approach a new market with the coworking concept?](http://groups.google.com/group/coworking/t/ff4b267c3fdda95c) > > > Daniel Rivera [thed...@gmail.com](mailto:thed...@gmail.com) 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/](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](http://groups.google.com/group/coworking/msg/b99eca299dc5fa6d) > > Back to top > > > > > > > > > – > > > > Visit this forum on the web at [http://discuss.coworking.com](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+...@googlegroups.com](mailto:coworking+...@googlegroups.com). > > > > For more options, visit [https://groups.google.com/d/optout](https://groups.google.com/d/optout). > > – > **Becky H. Smith, Ed.D., Founder** > > **Blue Ocean Innovation Center** > 1820 W. Lincoln St. > Bozeman, MT 59715 > > 406-551-1262 > > 406-579-2849 > > [bsmi...@gmail.com](mailto:bsmi...@gmail.com) > [in...@blueoceaninnovationcenter.com](mailto:in...@blueoceaninnovationcenter.com) > > _\_ > > This e-mail is a private communication and may contain confidential information. > If you are not the intended recipient, please note that any disclosure, copying, > distribution or use of the information contained in or attached to this e-mail is strictly > > prohibited. Please notify the sender of the delivery error by replying to this message > and then delete this e-mail. Thank you.