With office vacancy rates at an all-time high, many commercial real estate (CRE) asset owners are facing the pressing challenge of vacant spaces. The question is: How can you transform vacant office space into a profitable, income-generating asset? We believe the solution lies in coworking, leveraging flexible leasing and adaptive office solutions to revitalize underutilized properties.
Instead of leasing your property to third-party coworking operators, why not build your own white-label branded coworking operation? Our Discovery Package provides the proven frameworks and guidance you need to take control of your asset, maximize revenue, and create a thriving coworking ecosystem—all while building operational competency one vacant floor at a time.
Earlier this year, we launched the CoworkingBlueprint.com development framework to offer a scalable solution for transforming vacant office assets. We’ve seen firsthand how the coworking model can rejuvenate empty spaces into vibrant, income-generating hubs that drive both financial returns and community value. Now, with our Coworking Consulting Blueprint Discovery Package, we’re offering an early-stage strategy deliverable that provides a roadmap for a successful coworking transformation.
What is the Coworking Consulting Blueprint Discovery Package for Office Space Conversion?
The Discovery Package provides a comprehensive feasibility study, in-depth market analysis, and a strategic action plan to maximize asset value and return on investment. It’s a holistic coworking solution designed for property owners, asset managers, and real estate developers who are considering converting vacant office space into thriving coworking environments. Our Discovery Package includes market insights, operational guidance, and tailored financial modeling to help you transform empty square footage into a productive, revenue-generating workspace.
Benefits of the Coworking Consulting Blueprint Discovery Package for Office Space Conversion
Our approach focuses on three core aspects:
- Immediate Readiness: We provide a roadmap to turn your space into a fully functional coworking or flexible office environment that is attractive to today’s tenants.
- Expert Guidance: Drawing on years of coworking and flexible workspace industry experience, our consulting team provides you with the knowledge and guidance to minimize risks and maximize returns, supporting you throughout every step of the conversion process.
- Customized Solutions: No two office spaces or markets are the same. We develop a tailored coworking strategy based on your property, location, and the local demand profile.
Key Features of the Coworking Consulting Blueprint Discovery Package
Our Blueprint Discovery Package includes a range of features designed to equip you with everything you need to make an informed decision and set you up for success:
- Customized Financial Feasibility Analysis: Get a detailed understanding of the financial potential of coworking conversion with a five-year coworking pro forma, occupancy forecasts, pricing benchmarks, and ROI estimates. Our financial modeling ensures you have a clear picture of profitability.
- In-Depth Market Research & Localized Analysis: We conduct detailed market research to assess demand for flexible workspace solutions in your specific area. This includes competitor analysis, tenant demand profiling, and localized market trends, which allows us to develop a hyperlocal go-to-market strategy tailored to your unique market.
- Visual Inspection & Resource Implementation Recommendations: Our team will conduct a visual inspection of your property and offer recommendations for optimizing layout, interior design ideas, and identifying necessary resources for implementation. Our recommendations ensure you are making the best use of your property’s unique layout, maximizing its attractiveness to potential tenants.
- Comprehensive Feasibility Report & Next Steps: Once the feasibility study is completed, we provide a comprehensive report that outlines project feasibility, financial projections, and actionable next steps. This report serves as a strategic guide for moving forward, providing clarity and direction for your coworking conversion.
Why Flexible Leasing and Coworking Solutions Are the Best Office Space Strategy
The demand for flexible office space continues to grow as businesses look for alternatives to traditional long-term leases. Companies today want agility, the ability to scale their workspace according to current needs, and a variety of workspace options that fit the hybrid work model. By transforming your vacant office space into a coworking or flexible office solution, you attract new tenants, diversify your revenue streams, and generate steady income—all while reducing vacancy rates.
Key Components of the Coworking Consulting Blueprint Discovery Package
We know that turning an empty office space into a fully operational coworking hub involves multiple layers of planning and execution. Our Discovery Package breaks this process down into four key components:
- Customized Financial Feasibility Analysis: Financial feasibility is crucial for every coworking transformation. Our team works with you to analyze financial models, understand the potential return on investment, and develop a revenue model aligned with your goals.
- Localized Market Research & Analysis: Understanding local demand is key to success. We provide detailed insights into market trends, local demand, and competitor analysis. These insights form the basis of your coworking conversion strategy.
- Visual Inspection & Implementation Resources: We conduct a visual assessment of your space, offering recommendations for optimization, design, and resource allocation. Our goal is to enhance the attractiveness of your property and maximize tenant appeal, incorporating functional areas like training classrooms, media studios, event spaces, and corporate suites to boost monetization.
- Comprehensive Feasibility Report & Next Steps: We compile all findings into a final report that provides a full feasibility summary, action steps, and recommendations for implementation. This roadmap equips you with everything you need to start transforming your office space.
Expert Coworking Consulting for Successful Office Space Transformation
With years of experience in coworking consulting, flexible workspace strategy, and property development, we are uniquely positioned to help property owners and asset managers succeed in the coworking space. Our consulting team has helped transform office spaces across the globe, creating coworking environments that generate substantial ROI. Let us guide you through every stage of your coworking transformation journey, providing you with the tools and insights needed to achieve success.
Maximize Office Space Revenue with the Coworking Consulting Blueprint Discovery Package
Our Coworking Consulting Blueprint Discovery Package is the ideal starting point for your coworking transformation journey. Whether you’re just considering the possibility or ready to take the next steps, we’ll help you assess your property’s potential and craft a winning strategy for success.
Ready to learn more? Start maximizing your property’s value and generate new income streams with a free consultation today. Click below to schedule your free consultation and discover how our Discovery Package can help turn your vacant office space into a revenue-generating coworking asset.
Request Your Free Consultation Now!