Member Growth

Hi Everyone-

I realize every market is different and that no space is alike. However, I’m trying to gauge our growth here in Chattanooga to someone in a comparable market- potentially Asheville, Boulder, Fort Collins or something along those lines.

Our space is located in downtown Chattanooga. We have 4000 sq ft are currently at 35 members (we opened in Sept 2013). I’m wondering what the growth process has looked like for people in other markets? Again, I know it’s not a science, but I am trying to get a general idea.

Thoughts?

Hi Kelly,

Can you tell us what your total capacity is and what the ratio of hot desks to permanent desks/offices are?

  • Aaron
···

Aaron Cruikshank

Principal, CRUIKSHANK

Phone: 778.908.4560

email: [email protected]

web: cruikshank.me

twitter: @cruikshank

book a meeting: doodle.com/cruikshank

linkedin: linkedin.com/in/cruikshank

On Feb 10, 2015 11:55 AM, “Kelly Fitzgerald” [email protected] wrote:

Hi Everyone-

I realize every market is different and that no space is alike. However, I’m trying to gauge our growth here in Chattanooga to someone in a comparable market- potentially Asheville, Boulder, Fort Collins or something along those lines.

Our space is located in downtown Chattanooga. We have 4000 sq ft are currently at 35 members (we opened in Sept 2013). I’m wondering what the growth process has looked like for people in other markets? Again, I know it’s not a science, but I am trying to get a general idea.

Thoughts?

Visit this forum on the web at 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 [email protected].

For more options, visit https://groups.google.com/d/optout.

Some figures from our first few years of growth in this presentation from Indy Hall’s 2012 expansion:

https://speakerdeck.com/alexknowshtml/indy-hall-expansion-town-hall-2012

Note that in May 2009 we expanded from our original location (1800 sq ft) to one just a bit larger than the one you’re in now.

Also of note in that deck were some financial estimates for team rooms which we ended up deciding against after that Town Hall meeting.

-Alex

···

The #1 mistake in community building is doing it by yourself.

Join the list: http://coworkingweekly.com

Listen to the podcast: http://listen.coworkingweekly.com

On Tue, Feb 10, 2015 at 2:55 PM, Kelly Fitzgerald [email protected] wrote:

Hi Everyone-

I realize every market is different and that no space is alike. However, I’m trying to gauge our growth here in Chattanooga to someone in a comparable market- potentially Asheville, Boulder, Fort Collins or something along those lines.

Our space is located in downtown Chattanooga. We have 4000 sq ft are currently at 35 members (we opened in Sept 2013). I’m wondering what the growth process has looked like for people in other markets? Again, I know it’s not a science, but I am trying to get a general idea.

Thoughts?

Visit this forum on the web at 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 [email protected].

For more options, visit https://groups.google.com/d/optout.

Sure!

Our total capacity (for hot desks) is close to 80. We have expanded at a rate that has allowed us to only use space + add furniture as we need it, so we are not fully outfitted in workspace. We have 5 small offices (all taken) + 1 conference room that take up roughly 1500 sq. ft. total, leaving the other 2500 for hot desks.

Weirdly enough, we have a coworker with the last name Cruikshank- I have never seen it before!

···

On Tuesday, February 10, 2015 at 3:08:24 PM UTC-5, Aaron Cruikshank wrote:

Hi Kelly,

Can you tell us what your total capacity is and what the ratio of hot desks to permanent desks/offices are?

  • Aaron

Aaron Cruikshank

Principal, CRUIKSHANK

Phone: 778.908.4560

email: [email protected]

web: cruikshank.me

twitter: @cruikshank

book a meeting: doodle.com/cruikshank

linkedin: linkedin.com/in/cruikshank

On Feb 10, 2015 11:55 AM, “Kelly Fitzgerald” [email protected] wrote:

Hi Everyone-

I realize every market is different and that no space is alike. However, I’m trying to gauge our growth here in Chattanooga to someone in a comparable market- potentially Asheville, Boulder, Fort Collins or something along those lines.

Our space is located in downtown Chattanooga. We have 4000 sq ft are currently at 35 members (we opened in Sept 2013). I’m wondering what the growth process has looked like for people in other markets? Again, I know it’s not a science, but I am trying to get a general idea.

Thoughts?

Visit this forum on the web at 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 [email protected].

For more options, visit https://groups.google.com/d/optout.

Thanks for the notes, Alex.

···

On Tuesday, February 10, 2015 at 3:11:09 PM UTC-5, Alex Hillman wrote:

Some figures from our first few years of growth in this presentation from Indy Hall’s 2012 expansion:

https://speakerdeck.com/alexknowshtml/indy-hall-expansion-town-hall-2012

Note that in May 2009 we expanded from our original location (1800 sq ft) to one just a bit larger than the one you’re in now.

Also of note in that deck were some financial estimates for team rooms which we ended up deciding against after that Town Hall meeting.

-Alex


The #1 mistake in community building is doing it by yourself.

Join the list: http://coworkingweekly.com

Listen to the podcast: http://listen.coworkingweekly.com

On Tue, Feb 10, 2015 at 2:55 PM, Kelly Fitzgerald [email protected] wrote:

Hi Everyone-

I realize every market is different and that no space is alike. However, I’m trying to gauge our growth here in Chattanooga to someone in a comparable market- potentially Asheville, Boulder, Fort Collins or something along those lines.

Our space is located in downtown Chattanooga. We have 4000 sq ft are currently at 35 members (we opened in Sept 2013). I’m wondering what the growth process has looked like for people in other markets? Again, I know it’s not a science, but I am trying to get a general idea.

Thoughts?

Visit this forum on the web at 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 [email protected].

For more options, visit https://groups.google.com/d/optout.

We’re everywhere. :wink:

As for you current capacity - you’re sitting at about 45% - which is not terrible for open desks but… how are you counting them. The way I used to do the math was by full time equivalent (where 40 hrs/week = 1 fte). By that math, someone coming in 10 hrs/week would only count .25 towards my whole head count.

Do those 35 people represent 35 × 40 hrs/week?

  • Aaron
···

Aaron Cruikshank

Principal, CRUIKSHANK

Phone: 778.908.4560

email: [email protected]

web: cruikshank.me

twitter: @cruikshank

book a meeting: doodle.com/cruikshank

linkedin: linkedin.com/in/cruikshank

On Feb 10, 2015 12:36 PM, “Kelly Fitzgerald” [email protected] wrote:

Sure!

Our total capacity (for hot desks) is close to 80. We have expanded at a rate that has allowed us to only use space + add furniture as we need it, so we are not fully outfitted in workspace. We have 5 small offices (all taken) + 1 conference room that take up roughly 1500 sq. ft. total, leaving the other 2500 for hot desks.

Weirdly enough, we have a coworker with the last name Cruikshank- I have never seen it before!

On Tuesday, February 10, 2015 at 3:08:24 PM UTC-5, Aaron Cruikshank wrote:

Hi Kelly,

Can you tell us what your total capacity is and what the ratio of hot desks to permanent desks/offices are?

  • Aaron

Aaron Cruikshank

Principal, CRUIKSHANK

Phone: 778.908.4560

email: [email protected]

web: cruikshank.me

twitter: @cruikshank

book a meeting: doodle.com/cruikshank

linkedin: linkedin.com/in/cruikshank

On Feb 10, 2015 11:55 AM, “Kelly Fitzgerald” [email protected] wrote:

Hi Everyone-

I realize every market is different and that no space is alike. However, I’m trying to gauge our growth here in Chattanooga to someone in a comparable market- potentially Asheville, Boulder, Fort Collins or something along those lines.

Our space is located in downtown Chattanooga. We have 4000 sq ft are currently at 35 members (we opened in Sept 2013). I’m wondering what the growth process has looked like for people in other markets? Again, I know it’s not a science, but I am trying to get a general idea.

Thoughts?

Visit this forum on the web at 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 [email protected].

For more options, visit https://groups.google.com/d/optout.

Visit this forum on the web at 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 [email protected].

For more options, visit https://groups.google.com/d/optout.

Hey Kelly,

I’m not sure if you are asking about total capacity that you could have or just curious about your growth comparable to others. At 35 members after 18 months or so seems like you are a normal arch to us independent and mostly coworking spaces. There are plenty of spaces that have grown faster and they get headlines but they are intended for growth and need it. The coworking spaces in Denver that have a similar layout to yours all grew at about the same pace. Alex’s numbers jive with that and his consistancy for growth of neary 10% every month is darn impressive.

After 18 months Creative Density had about 30 members or so. We now have 75 after being open for 3.75 years, fyi.