How Commercial Property Owners Can Work with LocalWorks
Coworking spaces continue to rise in popularity even after the pandemic. With no end in sight, commercial property owners with office buildings may find benefit in joining the trend. Working with a company like LocalWorks allows commercial property owners to easily transform their space into a flexible workspace.
What Does a Flexible Workspace Need?
LocalWorks’ flexible workspaces provide the same amenities that you would find in a typical office building. The only difference is that it is simply include in the month-by-month, subscription-style payment plan. Some of these amenities include:
- 24/7 access and security
- Updated tech
- Private office spaces and open coworking space
- Water and snacks
For commercial property owners, LocalWorks is able to transform an office building into a space that satisfies the needs of both individuals in need of a virtual office space and companies look to rent out a space for their business. That provides an even higher demand space than simply an office building where companies pay rent for a space.
Ideal Locations to Work with LocalWorks
LocalWorks prefers office buildings located in ideal areas surrounded by attractions that their members would enjoy including shopping centers, restaurants, and parks.
At the moment, coworking spaces have really taken office in metro areas like Chicago, D.C. and Boston.
SHARED OFFICE SPACE IN BOSTON
In and around Boston, shared office space has been on the rise. After the pandemic, large companies have been eager to downsize as many of their employees work from home. At the same time, employees working virtually are in search of space away from their apartments but still in the city. For both groups, LocalWorks provides exactly what they need.
LocalWorks already offers eight locations across Massachusetts and is still expanding. For commercial property owners, it’s a reassurance that office buildings are not dying out any time soon.
COWORKING OFFICE SPACE IN CHICAGO
In Chicago, the need for coworking office space is not much different. The ability to repurpose an office building to become a coworking space has saved commercial property owners’ investments in those types of buildings.
LocalWorks already runs five coworking office spaces in the Greater Chicago area in Downers Grove, Lisle, Naperville, Rolling Meadows, and Wheeling.
OFFICE SPACE IN WASHINGTON D.C.
In the metro D.C. area, LocalWorks already has ten office buildings in the following areas:
- Bethesda, MD (Battery Lane)
- Bethesda, MD (Arlington Road)
- Gaithersburg, MD
- Rockville, MD
- Silver Spring, MD
- Alexandria, VA
- Arlington, VA
- Franconia, VA
- Reston, VA
- Vienna, VA
If you are a commercial property owner in the D.C. area, LocalWorks provides a great opportunity for your office building.
Is a Coworking Space a Good Investment?
Commercial property owners should not hesitate to work with LocalWorks. After COVID-19, investing in office buildings was thrown into disarray. However, LocalWorks was able to find a solution by transforming office buildings into a desirable virtual office space where individuals and companies could get away from home without going into a formal office.
Flexible workspaces are great for entrepreneurs looking to hone their practice outside of their home. It has become ideal for cosmetologists, yoga instructors, social workers, massage therapists and more, as LocalWorks also offers private workspaces.
Working with LocalWorks, commercial property owners have access to a full support team with services including:
- Full backend operations (i.e. billing and credit card payment collection, new member onboarding, etc.)
- Total marketing and advertising services
- Lead generation, tours and new member onboarding
- 24/7 Member support
LocalWorks does the heavy lifting when it comes to turning an office space into a flexible workspace solution. For landlords, this means getting important aspects of the business easily taken care of, so they can easily communicate and manage their building through LocalWorks as opposed to each individual business or person who uses the space.
How to Get Clients for a Coworking Space
If you have an office building that you want to transform into a coworking space, the biggest question is: How do I get clients? Working with LocalWorks means that they put in the effort to attract clients to the space. Through LocalWorks own website, marketing, and lead generation efforts, landlords can rest assured that the coworking space will be a great success.
LocalWorks also knows that individuals and businesses using their spaces want to be in convenient locations, which is why the flexible workspaces are situated in highly populated areas, such as metro D.C., Boston, Chicago, and more.
Frequently Asked Questions
LocalWorks uses the term "membership fee" to refer to the fee that you pay in order to use the LocalWorks location and office. We do not use the term “rent” as there is no lease and members are not considered tenants.
Your office space, wifi, utilities, and a desk/chair in your office is included.
Choose your location on the website, select “Schedule a Tour” and choose a day and time that works best for you.
Yes. You should have business insurance to cover you in case of unforseen circumstances. Get insurance in minutes (and save 25%) here.
No, tours are self guided. You will have a LocalWorks concierge on the phone with you to answer any questions, help you select your office, and get signed up as a member.
Once you arrive at the location for the tour, you will call the number in your confirmation email to receive a code to get in or approval to enter the building.
Upon request, you can remove our furniture and use your own.
Each location has an operations manager that will stop by weekly to make sure everything is running smoothly. We have a full support team available by phone, email or chat every day during business hours.
Your initial payment will consist of your first month's membership fee, security deposit, and setup fee. After that you will be charged on the first day of each month for that month's membership fee. You are required to keep a valid payment method on file, and late fees will accrue when payments fail. See our Terms for details.
Simply email [email protected]. 30-day notice is required and you are responsible for your membership fee for the 30-day period following your notice.
Many of our locations have conference rooms. If available, conference rooms are booked using our members portal. Ask your LocalWorks sales representative if the location you are considering has a conference room.