Co-working Space Developement

[Jeff Stein]

Im am getting more interested in developing some of my open office space into a co-working space to rent out. I see it as a potential house hack for commercial space. Does anyone have experience doing this? Any resources you recommend? I have been researching companies in my area, but they operate on a much larger scale. My space is only 2000sqft located within my 20,000 sqft office space.

Any words of wisdom or things to avoid?

[Priyanshu Adathakkar]

I have worked with clients who operate very successful co-working spaces, other than the location the most important factor for the success of such a business is parking. If you create 20 co-working spots, make sure they have enough parking spaces for your tenants and visitors. Also, be careful about who your tenant is. For example, if it is an independent recruiter, they will hog most of your resources. Have a business plan!