- For REITs/Funds
Central Business District Denver, CODemand 200K sfSupply 163K sfRecommendation High-end Modern FlexSunnyside / Highlands Denver, CODemand 80K sfSupply 63K sfRecommendation Executive SuitesCommerce City Denver, CODemand 1.5K sfSupply 0K sfRecommendation Do not Invest
DenSwap's Flex Intelligence Platform translates our proprietary data and real-world coworking experience into insights and actionable strategies that help our clients realize the full potential of their commercial real estate. Stay up-to-date with client demand and capture the upside of flex space throughout your CRE portfolio, then follow up with the go-to-market strategy to win & retain the right tenants.
- For Building Owners
Are you considering transforming your commercial property into a flexible coworking space? Our feasibility reports can provide you with the insight you need to make a confident investment decision. Our team of experts utilizes market data APIs, proprietary information on coworking spaces, and unique consulting expertise to assess whether a given building is suited for a successful flex/coworking business.
- For Flex Operators
Are you considering opening a new coworking space? DenSwap's Demand Analysis Report is a quick validation tool so you can move forward or back off on potential plans. You give us a zip code, and we'll outline the general demographics of the area as they relate to coworking. You'll get a good estimate of how many potential customers are in your area, how many square feet the region can support, and what type of buildout and business model we'd recommend.
Business & Space Overview
This Providence, Rhode Island coworking space is well established and has an excellent reputation in the community since it’s founding in January 2016. The space has the opportunity to grow from 12,000 SF to 16,000 SF with a new owner taking advantage to the growth in coworking. Having survived COVID and well positioned for the growth we are starting to see, we are currently at about 60% occupancy. In the next few years occupancy and use (meeting room rentals, event space rentals, flexible and dedicated space memberships) will continue to improve. There is time and space, in the post pandemic trend, to grow revenue to $750,000 with little additional expense. This is a great opportunity.
Notes from DenSwap:
"This coworking space is back to above break-even and ready to grow. It's in an ideal market with a walkable neighborhood in an East Coast market. It could use an update to the design to increase pricing power, but the membership is strong and growing."
