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Co-working Office Space - A Threat or Opportunity for Executive Suites?

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Join our discussion about co-working office space at LinkedIn OfficeFinder.

What is co-working office space fom http://en.wikipedia.org/wiki/Coworking

Coworking is a style of work which involves a shared working environment, sometimes an office, yet independent activity. Unlike in a typical office environment, those coworking are usually not employed by the same organization. Typically it is attractive to work-at-home professionals, independent contractors, or people who travel frequently who end up working in relative isolation. Coworking is the social gathering of a group of people, who are still working independently, but who share values, and who are interested in the synergy that can happen from working with talented people in the same space.

Some coworking spaces were developed by nomadic internet entrepreneurs seeking an alternative to working in coffeeshops and cafes, or to isolation in independent or home offices. A 2007 survey showed that many employees worry about feeling isolated and losing human interaction if they were to telecommute. Roughly a third of both private and public-sector workers also reported that they didn’t want to stay at home during work. Coworking offers a solution to the problem of isolation that many freelancers experience while working at home, while at the same time letting them escape the distractions of home.

Business accelerators, business incubators and executive suites do not seem to fit into the coworking model, because they often miss the social, collaborative, and informal aspects of the process, with management practices closer to that of a Cooperative, including a focus on community rather than profit. Many of the coworking participants are also participants in BarCamp and other related open source technology activities.

Coworking spaces are now open in cities around the world. A list of many of these locations is available at the Coworking Wiki.

Coworking is not only about the physical space but initially and mostly about establishing the Coworking community first. The benefits of Coworking can already be experienced outside of Coworking spaces and it is recommended to start with building a Coworking community first before considering opening a Coworking space. However, some Coworking Spaces don't build a community, they just get a part of an existing one by combining their opening with an event which attracts their target group.

A lot of Coworking communities are formed by organizing Casual Coworking events that can take place in people's living room or in public places such as suitable cafes, galleries or multi-functional spaces. During these events Coworkers can experience the benefits of Coworking and get to know each other which lowers the barriers to join a Coworking space later.

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Executive Suites , Flexible Workspace

Office Vacancy Index Picks Packers in Super Bowl

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Office vacancy index picks Packers in Super Bowl | Chicago Breaking Business

JLL "looked at vacant office space in team’ cities since 2000 and found that in seven of the cases, the team whose city had higher office vacancy rates brought home the Lombardi Trophy."

Kind of a safe pick in by book. In any case, as a Seahawk fan, I could never root for Pittsburgh! Go Packers.

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Office Vacancy Rate

10 Tips for Employee Office Satisfaction

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INC.com's 10 Tips for Making Employees Love Their Office:

  1. Stay Organized
  2. Make it Comfortable
  3. Give Everyone a Say
  4. Consider Openness
  5. Make the Workplace a Community
  6. Focus on Utility
  7. Make the Office Optional
  8. Make Education a Priority
  9. Consider Mixing Uses in a Great Space
  10. Add Some Perks

See the details at INC.com

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Office Space , Office Space Design

Bankers Think CRE Showing Recovery Signs

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According to a recent CoStar Blog post "Banks reported that commercial real estate markets displayed mixed results - still mostly negative - but that leasing markets and investment exhibited increasing signs of recovery, while nonresidential construction remained weak."

This doesn't mean that a full recovery is near, but any signs of improvement are good.

"We expect that the worst of the commercial credit cycle is behind us but we expect a few more quarters of uncertainty and choppiness in commercial charge-offs and non-performers."
Richard D. Fairbank, founder, chairman, and CEO, Capital One Financial Corp.

Via: OfficeTimes Blog

Buying Office Space , Office Space , Office Vacancy Rate

Commercial Insurance Guide for Office Tenants

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Operating a successful business today requires knowledge in many different areas, and one of the most important things to consider are the types and amounts of insurance coverage your business requires to be properly protected. Adequate insurance coverage is imperative for a firm to be successful, and without it your business is subject to financial ruin by property loss or legal action.

This guide is designed to help educate you on how to identify, minimize, and in some cases eliminate risk, and how to find a commercial insurance provider who will help you to get the right insurance coverage for your business.

Commercial Insurance Guide for Office Tenants

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