- For REITs/Funds
Central Business District Denver, CODemand 200K sfSupply 163K sfRecommendation High-end Modern FlexSunnyside / Highlands Denver, CODemand 80K sfSupply 63K sfRecommendation Executive SuitesCommerce City Denver, CODemand 1.5K sfSupply 0K sfRecommendation Do not Invest
DenSwap's Flex Intelligence Platform translates our proprietary data and real-world coworking experience into insights and actionable strategies that help our clients realize the full potential of their commercial real estate. Stay up-to-date with client demand and capture the upside of flex space throughout your CRE portfolio, then follow up with the go-to-market strategy to win & retain the right tenants.
- For Building Owners
Are you considering transforming your commercial property into a flexible coworking space? Our feasibility reports can provide you with the insight you need to make a confident investment decision. Our team of experts utilizes market data APIs, proprietary information on coworking spaces, and unique consulting expertise to assess whether a given building is suited for a successful flex/coworking business.
- For Flex Operators
Are you considering opening a new coworking space? DenSwap's Demand Analysis Report is a quick validation tool so you can move forward or back off on potential plans. You give us a zip code, and we'll outline the general demographics of the area as they relate to coworking. You'll get a good estimate of how many potential customers are in your area, how many square feet the region can support, and what type of buildout and business model we'd recommend.
- For Building Owners
Business & Space Overview
The coworking space is a well established facility, the first co working space established in Portland back in 2005. Prior to the pandemic it operated consistently at 80% occupancy with long term clients. The building was designed by award winning architect and boast an open floor plan with tons of natural light and fresh air.
Highlights
This neighborhood coworking space is located on the second floor of a beautiful building, set off Fremont and 45th in the heart of the Beaumont Village neighborhood. Surrounded by bars, restaurants, coffee shops, shopping and fitness studios the co working space is in a residential neighborhood. Most members live within a mile or two of the property.
The current configuration offers 25 desk spaces, a conference room, patio, kitchen and shower.
Daily Operations
As the owner/operator of the spaceI spend roughly 3 hours a week on general upkeep. The majority of members are long-term with relatively low turnover. We host monthly lunches for members and a happy hour now and again.
Marketing
We are lucky to do very little marketing and people find us and want to work with us. We have an Instagram account, we are a part of the neighborhood business association, and have excellent reviews on Google. I believe with some effort given to marketing, membership would increase significantly.
Financials
The space has historically run at about 70% capacity with little or no marketing. Prior to the pandemic, it was closer to 85% capacity. We've slowly increased membership since the end of 2020 and are now at 50%. We get inquiries 1-3 times a week for people interested in renting a desk with a conversion rate of 1-2 people a month.
Notes from DenSwap:
"This is a great space for a local looking to get into coworking or a local agency or startup that wants to be part of a coworking space and offset their office expenses by putting it inside a coworking space they own."
