Digitisation has changed the way people work. It has also affected the places where people work. Coworking spaces have been on the rise in the past few years, and many commercial realtors feel as though coworking spaces make it even harder to find new tenants.

Coworking spaces can actually be a source of revenue and new tenants for commercial realtors! Being a hub of up and coming businesses that would be perfect fits for their spaces.

Winning over new tenants from the coworking world can be a tough sell, and attracting coworking spaces to your vacancies may seem impossible.

Commercial realtors looking to take advantage of coworking spaces can expect to find some real deals, if they know how to sell their spaces.

Whether you are looking to win over tenants from coworking spaces, or find a new coworking tenant of your own, this list will help you stand out from other commercial realtors faster than ever.

Here we look at how digitisation is impacting coworking spaces and helping property owners to find clients.

Digitally Sell & Rent Your Space

Coworking spaces have sold themselves as the hip places for young business professionals to be. The online portals are now driving majority of sales and rentals for real estate properties.

Commercial realtors have slowly started to embrace the ways they can sell their spaces to new tenants.

With the digital marketing technology available, commercial realtors can step up the way they sell their spaces, and can help them shed the image of boring working spaces.

When staging a space, with the idea of capturing coworking businesses in mind, you should stage your space to be as modern and make it as inviting as possible.

Staging commercial spaces can be easy Having Modern and clean spaces make it more appealing to those tenants from coworking spaces, and the spaces themselves.

The standard coworking space is staged like this:
Clear desks
White walls
Natural light
Exposed ducts/walls

There are tons of upgrades you can make as well to make your space more appealing to coworking spaces. More on that later.

But it takes more than staging a space to get buyers, and digitally advertising your space is a must in this day and age. You can also create a real estate portal or list on one to rent your space.

You can do the following to creatively sell or rent your space on digital platforms:
Virtual Tours
FB Live Walkthrough
Drone Photography
Panoramic Views

Using stellar photography, and going the extra mile to offer virtual tours, walkthroughs or panoramic views, is a great way to attract buyers and tenants, who might not have the time to take a tour of your property in person!

Coworking Amenities

Coworking spaces are popular, the amenities they offer to their clients make a big difference in attracting tenants and buyers.

A standard coworking space offers the following
Coffee and Snack bars
Printing Centers
Lighting

No matter if your space is offered for a tenant, or the coworking spaces, break rooms are essential.

It’s hard to imagine any business space that doesn’t have coffee. Or how much business would get done without it. Offering a space for coffee, or even offering coffee supplies is a great way to set your commercial space apart from the rest. Kitchenettes, breakrooms, and coffee bars are great way to build morale and help coworkers feel more social.

Another business necessity is printing centers, with great high quality printer included. For winning over coworking tenants, or the spaces you need to have adequate layout and options for high printing volumes. Having a seperate room or the printing center would be ideal so office workers don’t have to constantly hear the whirl of a printer.

Having access to windows and lighting will help set your commercial real estate apart, and set a modern feel for your space. In fact, they have proven that having better lights is ideal for a better mood. The brighter space will help tenants feel that your space is modern, and in turn, will make them more likely to rent.

Upgrade Your Space

Any modern commercial real estate property should have the following:

High-Speed internet/ Fiber Optic
Security Features
Upgraded bathrooms

Access to high-speed Internet is critical to your tenants’ business operations. Fiber-optic Internet carries a significant advantage above regular high-speed broadband with increased consistency, speed, and bandwidth. Wireless internet is needed in any business, but offering fiber optic internet is a way to grab you clients attention. Having the highest internet speeds available can help clients with a lot off user (like coworking spaces) or software companies.

Security features such as alarms, locks and outdoor lights will help tenants feel safe, especially if they have to work late night in the office. A security guard will go a long way to boosting your safety features. Adding camera and lighting will help tenants feel safer.

Make sure you know if there are any other security risks to your property, such as poorly kept landscaping, or broken lights that may put tenants at risk. You can keep your parking lot safe by adding a security fence, and motion activated lights.

Updated bathrooms are also a great selling feature especially in a corporate setting where they are shared. So updating the bathrooms to have some modern finishes and lighting will see a higher return on investment.

Having an upgraded property will help you secure tenants faster, and for higher amounts.
Summary
In order to win over high performing coworking spaces, you should make sure to optimize your commercial spaces to attract them.

Making these changes to your spaces will help you win over the coworking spaces, and find the right buyers and tenants.

Digitally Sell Your Space: You can use some creative advertising and staging to create more interest from coworking spaces and tenants. Some creative advertising avenues includes: Virtual Tours, FB Live Walkthrough, Drone Photography, or Panoramic Views.
Coworking Amenities: Offering the top of the line amenities to your coworking space or tenant is a great way to peak interest in a space that other commercial real estate does not offer. Add the following to your spaces and offer these amenities: Coffee and Snack bars, Printing Centers, Lighting
Upgrade your spaces: Having the most up to date and upgraded properties will make you a top contender for new tenants and coworking spaces. You spaces will need to have the following upgrades: High-Speed internet/ Fiber Optic, Security Features, Upgraded bathrooms.

How have you won over a coworking space or tenant?

Author Bio:
Catherine Way graduated from Michigan State University with her Bachelor’s of Advertising with a specialization in Graphic Design. She spends her free time finding new ways to talk to people, through writing, designing, dancing, and more. You can see her latest creations here.

The post How Digitisation is impacting Coworking Spaces & Tenants appeared first on Kreyon Systems | Blog | Software Company | Software Development | Software Design.

There is no formula for measuring the success of a company. Most of the focus on measuring the success of a company deals with numbers related to the balance sheets, profits, shares and finances of a company. However, the impact of a company is often beyond these numbers.

The rise of the digital services has created a level playing field for companies. Companies are now able to achieve things that were inconceivable few years back. Today corporations like Apple, Google and Amazon etc are even more influential and powerful than many nations.

The measure of success is different for different companies, while for an early stage start-up, success is about survival. For an enterprise like Google, success is about changing the way people use information and make decisions. For Amazon, it is selling products cheaper at faster pace than ever.

The true measure of success for any organisation depends on its goals. However, there are certain benchmarks that the most successful organisations follow when it comes to success. The most remarkable companies on the planet transform the world into a better place. The other companies also make a positive contribution to the people around them.

The successful companies change the way people do things and create a huge impact by their presence. Consider booking a taxi before Uber & Ola, sending messages before whatsapp, and connecting with friends before Facebook, searching information before Google.

A company is an agent of change and transformation. A successful organisation creates employment, business opportunities, contributes to the growth and makes a positive contribution to the society. Digitization has made the world more interconnected and companies are using it to influence lives even in smaller cities and towns.

The success of a company can be measured in terms of what it is giving back to the society.  Success of a company is the social impact it creates. Company is a medium to change the lives of people around it.

The evaluation criteria and benchmarking of a company needs a thorough study of various factors. These include the list of parameters that are taken to gauge the performance of the company. Some of the questions that need to be addressed while devising measures of success are as follows:

What is the benchmark of success in the organisation?
How is the success of a company measured?
What are the key parameters of measurement for measuring success?
What is the brand perception and impact of the company?
How is the company performing for its stakeholders?
Has it been able to create employment?
What are the timelines for measuring the goals?
What are the targets for each of the parameters for measuring success?

Below are some of the factors that are used as a reference by boards to measure success of a company. While each company will have different yardsticks and timelines for gauging success, this list indicates some important factors that can be used for evaluating the results. The timelines used for measuring these parameters usually varies between 1-3 years and targets are set depending on the present situation and the projections by the board.

It is important for a company to set goals and benchmarks to measure its progress. The most successful companies develop a process for tracking and reporting their business performance using software. The review process examines the results for fine tuning & helps in the performance measurement for driving best organizational results.

A truly successful company is the one that leaves an indelible footprint in the history of time, inspiring generations to strive for a better tomorrow with great accomplishments.

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