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.
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.
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.
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.
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.
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