Michael White is the President of Venture X and Chief Development Officer of United Franchise Group.
By challenging long-standing assumptions about workspace design and amenities, coworking has altered the way many people think about work.
With coworking models bringing as much as 30-40% more net operating income than traditional leasing, landlords are taking advantage of this new opportunity.
For operators, applying key strategies prior to opening and immediately after that are crucial to a new location becoming lucrative faster.
Converting office building units to coworking spaces may well be the next big investment opportunity in commercial real estate.
Premium coworking experiences could become a key game-changer for innovative hotels that cater to business travelers.