From a business perspective private offices are great. They are easier to sell because people get what they are, they still command high rents, and it’s a more stable customer base then month-to-month coworking plans. I get why in Denver and across the nation more ‘coworking’ spaces are adding private offices. I even added a small second location that is mostly made up of private offices because people were requesting it and it will transition this year to adding more coworking memberships. I think we have done an OK job of keeping it a coworking like environment, but not great.
My question: When do you think a spaces turns into a cool new executive suite like WeWork versus being a coworking space? Is there a rough line that we can use to measure it?
Can a space that is 95% private offices still be considered a coworking space based on our core 5 values?