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Co-Working: Please Build This Space...

roblong.posterous.com

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Re: Co-Working: Please Build This Space...

#2
I love the idea, but I'd be surprised if nice space like that can be built in Austin, for $300-$400/month, with room for profit.

Do you have a garage? (Or, could you build another?)

Amortizing your monthly allowance, you could put some cash into the garage, and you're improving something you own.

Re: Co-Working: Please Build This Space...

#3
I feel like this idea is best executed with a co-op instead of a profit model. That's honestly how I feel about most co-working spaces. I don't really want to work somewhere where I don't have a say in who's there (if I'm paying the rent).. unless it's an 'executive suite'

Re: Co-Working: Please Build This Space...

#4
post #2

I love the idea, but I'd be surprised if nice space like that can be built in Austin, for $300-$400/month, with room for profit. Do you have a garage? (Or, could you build another?) Amortizing your monthly allowance, you could put some cash into the garage, and you're improving something you own.

Room for profit is the key. Comments from local folks in-the-know seem to say this has been investigated here in the ATX, and there isn't room for profit.

Alas, your garage idea might be the next step. (maybe a mobile geek-hut in the garage, with solatubes for a bit of natural light?)... hmmm

Re: Co-Working: Please Build This Space...

#7
post #2

I love the idea, but I'd be surprised if nice space like that can be built in Austin, for $300-$400/month, with room for profit. Do you have a garage? (Or, could you build another?) Amortizing your monthly allowance, you could put some cash into the garage, and you're improving something you own.

We run into the same issues here in Chicago. Rent is so high that having a co-working space is just as expensive as leasing your own office--the ones that are cheap aren't much better than working from a home office.

I really think these spaces need to be non-profit and supported by the workers that use it. If you insert a for-profit entity, it just doesn't work...

Re: Co-Working: Please Build This Space...

#8
post #2

I love the idea, but I'd be surprised if nice space like that can be built in Austin, for $300-$400/month, with room for profit. Do you have a garage? (Or, could you build another?) Amortizing your monthly allowance, you could put some cash into the garage, and you're improving something you own.

I'm not sure it can be built here either. Conjunctured is thriving on the Eastside doing co-working - but I think it's a labor of love.

The other spaces in town that are similar aren't going to make it I'm afraid.

I think the only way to make the economics work is to have founder also own the space, removing the layers of leasing agent and building owner from the equation.

Re: Co-Working: Please Build This Space...

#10
post #6

Are his kids really that loud? Why doesn't sound proof his office and discipline his kids for being too noisy. (I'm sure this would please his neighbours as well).

My parents would just banish us outside for the afternoon if we got noisy.
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