Have you considered different uses for your commercial property? One of the options you might think about is a coworking space. There are many reasons a person may want to work in this type of environment. Maybe they want the office environment but they’re an entrepreneur. Maybe they don’t have a good place to work at home remotely. Or, maybe they just need an office where they can have customers visit them. There are numerous reasons people may be interested in renting out a coworking space.
If you go this route, carefully consider your layout. 2020 quickly made us aware that we needed to future-proof our spaces since COVID made coworking a little trickier. When designing your coworking space, you can have areas where people can mingle and work near each other, but you also need to have foresight as to how to provide space and safety should it be needed.
An effective coworking space will also provide some closed offices for those workers who prefer a private space. You’ll want a conference room available as well, so tenants can easily have meetings with others (whether they be fellow teammates or clients). Overall, the layout needs to be able to provide various office space options to choose from, such as cubicles, open areas, and closed offices.
Another idea to consider is to rent out a part of the coworking space to an eatery. Those working in the building will enjoy being able to get a drink or a bite to eat. If you don’t want to go that route, you could consider vending machines in the building to offer some substance.
In addition, you’ll need to think about the basic needs for a coworking space. Printers, wifi, desks, office chairs, couches, etc. There’s really no need to provide computers since people will most likely plan to bring their own. There are spaces that you may not need to furnish, such as the individual offices. Often, tenants renting those will bring decorations of their own.
There are a lot of things to consider when you have a commercial rental space. You can rent it out in a traditional method or consider alternative ideas like designing a coworking space. Of course, there are things to keep in mind when creating a design that works in the age of COVID. You also need to consider other factors like how to attract tenants to your building. At PMI, we’d be happy to help you with your commercial rental endeavors. Partner with us and we’ll help you increase marketability and find tenants. To learn more, please visit our website today: https://www.sugarhillpropertymanagementinc.com/.
