Create a dynamic, flexible workspace environment
How it works:
The managed model is very different from a traditional lease deal.
In a traditional lease deal, the coworking operator is just another tenant in the building making a promise to pay for some space. If that building has other vacant space, the coworking operator is most likely a competitor of the owner. There is no relationship between the coworking operator and the building owner. There is no relationship between the coworking operator and the tenants in the rest of the building. It is very much like many office buildings today.
The managed model is a partnership between Launch and the owner. Launch is operating a ‘real estate as a service’ business for the owner. Launch integrates itself with the rest of the tenants in the building and other local small businesses in the area to put activity and life into the building. Launch looks to put soul into the building and build a community for the benefits of all the tenants.
The managed model begins with Launch working with the owner through planning and design of the space preserving the programming details that make Launch special in conjunction with managing build out costs.
Once the space is built, Launch manages every aspect of the business for the owner. Launch is responsible the day-to-day operations of the business including hiring, training, marketing, sales, programming, accounting, and reporting. The owner can be as involved (or not) as they like.
“The structure of launch workplaces as a manager of the facility gives us input and control as to how it’s operated.
Rather than being a third-party tenant, there are some features we can offer as an amenity to other tenants, which is a real benefit.”
—Joshua Gurland, Washington Property Co. Vice President of Commercial Leasing
“The way we look at it is we put some soul into the entire building.
If you’ve got a five-story building and we take one floor, we’re going to integrate other tenants into the resources we provide…and really add an energy into the entire building.”
—Mike Kriel, Launch Workplaces CEO
Benefits to your building
Organic Tenant Growth
Today’s tenants demand flexibility in their work environment, providing flexible spaces helps companies grow or downsize for any number of reasons.
Launch is not just another tenant in an office building. Launch is the hub of activity for the building. We connect with all the other tenants in the building and build a community.
Launch Workplaces are profitable operating businesses that will generate at least the same $/sq.ft. as a traditional commercial lease.
Organic Tenant Growth
As companies grow, they face the decision to get their own space or not. The unique relationship that Launch has with the business owner and building owner comes into play. Launch can work with the building owner to show the business owner other vacant space in the building – often times without brokers.
Organically growing active prime lease tenants eliminates the need for broker commissions saving you money and adding peace of mind.
The members at Launch that want to grow beyond our walls are not interested in market Tenant Improvement (TI) $’s. They are interested in space that they like. Working with these business owners directly to put them in other space in your building can save $1,000’s of dollars in TI.
Get your free launch evaluation
Ready to Launch? Submit your building address below and we will do a quick evaluation so you can see how Launch Workplaces can activate your space!