South Florida has quickly become one of the hottest coworking markets and the fastest to recover from the COVID recession. Miami, Fort Lauderdale, and north to Delray Beach are leading the way out of the home and back into the office. Coworking spaces have retained pricing power unlike most of the nation, and private office vacancies at spaces less than 15,000 square feet are near pre-pandemic. It’s an exciting place to start or expand a coworking space.
Looking to grow in South Florida?
South Florida’s quick turnaround is what makes the next DenSwap opportunity so exciting. We are looking for an experienced coworking operator that wants to expand in one of the United States hottest coworking markets. We’re working with a property owner in a mixed use retail development that started a coworking space two years ago and is ready to hand it over to an operator through a management contract. This means the operator can take over the space for free, no lease commitments, and no up-front loans for furniture. It already has a customer base to build off of.
|Size||6,000 to 9,000 SF|
|Buildout||15 to 20 offices, dedicated desks, hot desking|
|Vibe||Professional, but casual|
|Status||Built, operational, and with pre-existing customers|
Free expansion? Yep, that’s a management agreement.
A management agreement between a property owner and an operator is where the profit or revenue is split between the parties versus a traditional long-term lease. Management agreements are a true partnership where the coworking space operator can focus on building an amazing community and leveraging their branding and awareness to fill a space risk free.
The South Florida location DenSwap is helping already has a space built out that is already operating as a coworking space, but it’s a one-off space and something they aren’t able to focus on. They know it can be successful and we’ve performed feasibility studies to help prove it. They need an operator that can focus on building the community, marketing the space, and bring their expertise and special sauce to really turn the space into something amazing.
Do you have the special sauce?
If you have a coworking space in Florida that is looking to expand with an expertise in operating a space, building a community, have developed processes, and can run a space efficiently then reach out to us by filling out our operator management form and we’ll reach out to you ASAP.