New York City Coworking Guide

Are you a small business owner looking for an inspiring office space to help your business grow? Or maybe you have an established business that wants to reduce its office footprint and long-term lease liability. Coworking is a good solution. Whether you’re looking for private offices, a team room, or open workspace- there’s a location to fit every size and budget.  In this blog post we’ll cover coworking basics and provide free links to NY operators.

Contact Cogent Realty: (212) 509-4049

 

Coworking Basics

Typically, coworking facilities (aka Executive Office or Shared Workspace) offer the following amenities for one “all included” monthly fee:

• Fully furnished office, team room or desk that is ready for immediate occupancy.
• Internet connection (hardwire and/or Wifi) that is ready for a VOIP phone.
• Access to a cafe, lounge, meeting and conference room.
• Full time services of a receptionist that will greet your visitors and receive mail.
• Legal mailing address.
• Nightly cleaning.

Insights:

1. Pricing in this real estate sector is highly competitive and dynamic.
2. Although some providers accept month-to-month Tenants, most ask for a term of 6 months to one- year.
3. Leases of one- year’s duration or longer may be rewarded with a period of free rent.
4. A Security Deposits of 2 months is usually required.
5. Most coworking operations will charge a negotiable “set up” fee for new accounts.
6. One of the key benefits of coworking is its “scalability”: as you operation grows/contracts, the quantity of space that you rent can grow/contract.

New  York City Coworking Company and Free Links

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finding the Perfect Office Space is a Big Decision

Cogent Realty Advisors is an independent, licensed New York State commercial realtor founded in 2002.

•As a tenant-representation company, Cogent Realty is focused solely on representing the interests of  business Tenants that rent office space.

•Tenants pay no fee for using our service.

•Cogent provides objective expertise in finding office space and negotiating lease agreements. Our experience and knowledge in the New York market means that we can secure the best office space for you with favorable terms and pricing.

For help with your office real estate, contact Mitchell Waldman: (212) 509-4049.

#coworking

 

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