Dear Coworking folks,
I’ve been a long time lurker on the list, and have been constantly inspired by the frank dialog on and reading the challenges we all face running our spaces.
A little background: My co-founder and I started a small design office, called Greater Good Studio 3 years ago and after a period of running the business from our bedroom, we needed a space to collaborate with our team and clients. We came across our current building and started renting from our landlord just over a year now. And in a dual effort to offset our overhead as well as grow a studio culture, we opened our coworking space called The Logan Share. Our focus has simply to make it the most distraction-free coworking space in Chicago.
Our current situation: We have 9 months left of our current lease and we fully expect to sign on for 5 more years. We have been very fortunate and in the last 15 months grown from just 1 renter to now 24 renters, covering all all our overheads and making a little on the side.
My questions and concerns: Has anyone had any experience with their building, that they run their coworking space from, sold out from under them? Is buying the building outright the only way to prevent this from happening to us? Were there any signs this was going to happen beforehand that we should look out for? Is there language we should include in our lease to prevent/delay/help us so it doesn’t happen?
If anyone have experience or advice in this area, I would greatly appreciate it.
[The Logan Share](http://the most distraction-free coworking space in Chicago)
2864 N Milwaukee Ave
Chicago, IL 60618
*The most distraction-free *
coworking space in Chicago