Yes, it’s possible to grow your coworking business! Scott Chambers, COO of Pacific Workplaces and CloudVO, sat down with Jamie Russo on the Everything Coworking Podcast to share his experiences on how to grow a team that supports expansion while maintaining profitability.
Scott has been in the flex workspace industry for over 20 years and his team at Pacific Workplaces (PAC for short) has 18 locations all over the San Francisco Bay Area and has recently expanded to Las Vegas, NV and Phoenix, AZ.
Listen to the conversation and gain additional insights for coworking operators such as:
- What’s an ideal floor plan in terms of square footage?
- How do you create a culture of sharing and collaboration as your team grows?
- The importance of being process-and data-driven when running a coworking space operation.
We also love the discussion about what Scott is most excited about as the flexible office industry moves forward. He highlighted 2 main points:
- The willingness of new and existing landlords to understand that flex offices are part of the future. Lease structures are changing, partnerships are entering, participating leases and profit sharing are coming into play. There are new ways to structure creative leases that give landlords what they need to satisfy lenders while still allowing operators to ride the ups and downs of a changing market and the rollercoaster ride of what it means to operate a coworking space.
- The demand for flexible office space solutions is on the rise. The disruption of Covid has really shed light on how people want to work and we’ve found that flexibility and choice are more important than ever. The willingness of companies to embrace hybrid work really sets the stage for flex workspaces to be an integral part of meeting the demand.
Okay, that’s enough of a “teaser” for you! You’ll gain so many more takeaways when you listen to the episode. Enjoy!
Special shout out to Jamie Russo of Everything Coworking for always providing a consistent stream of relevant content for all of us while keeping the conversation relaxed, fun, and human.
Looking for resources for operators? Join our global network of 1,000 flexible office space providers. Visit us at CloudVO to list your location for free.
