Coworking, in essence, is a glorified sublease. The business model for coworking consists of one company which acts as a tenant, and through their own capital, either raised from private investors or whichever way, signs a long term lease on any given amount of space. In this case, the coworking company is acting as the wholesaler, because now it offers this space to its clients not on a long term lease basis, but rather, on a month to month no commitment basis. The coworking company profits from the difference in what it charges month to month from what it ends up paying for the long term lease. Thus, when you sign with a coworking company, you ,in essence, signing a sublease.
History of Coworking NYC?
Coworking NYC rose to notoriety after the mainstream media shined much attention on up and coming Coworking NYC companies which were achieving unfathomable valuations. Coworking NYC became notorious because coworking originated in New York City. Coworking NYC offers New York workers the ability to engage in a no commitment month to month basis lease in an engineered workplace that emphasizes ambiance and social mobility. Coworking NYC has become the poster child for coworking as an emerging industry, with the largest real estate holders in New York City being coworking companies.
What is the Difference Between Executive Offices or Coworking?
Executive offices are a form of coworking, in essence, excessive suites are walled office spaces that incorporate the traditional coworking month to month no commitment lease structure. Executive offices, like, private office, virtual office, team room, workstation, desk space, conference room, presentation room, workplace recovery, training room, and deposition room are all forms of coworking because they incorporate the unique lease structure common to all coworking, and coworking NYC.
Why Rent NYC Executive offices or Why Rent NYC Coworking?
When this question is posed, as to the dichotomy between NYC Executive offices or NYC Coworking the important distinction to make is that there are no major distinctions between NYC Executive offices and NYC Coworking. The distinction, however, must be made between NYC Executive offices and NYC Coworking in general, is that NYC Coworking refers to the coworking industry in New York City in general. In other words, NYC Executive offices is a form of NYC Coworking. Coworking simply refers to the month to month lease structure where multiple tenants share office space, either with privacy, or without, depending on the clients needs.
Stephen Sunderland1, Senior Managing Director, has over thirty years of commercial real estate experience with a background of successfully leasing more than 2,500,000 square feet of commercial real estate. His father was a successful architectural designer who built over 50,000,000 square feet of shopping centers, best known for his design of two of the largest malls in the world: Mall of America and the West Edmonton Mall. Stephen's father was a mentor and influence on his career.