OE Landlord Deck 4_2020
Mill Valley, CA
WELCOME TO THE LARGEST LOCALLY OWNED AND OPERATED COWORKING NETWORK IN THE NATION
Cedar Rapids, IA
69 LOCATIONS OPEN. 80 BY YEAR END.
GLOBALLY RELEVANT GROWTH CATEGORY
5,000+ OPERATORS 30,000+ CENTERS
63% UTLIZATION BY COMPANIES
Cushman & Wakefield | Client name
Cushman & Wakefield © 2019 Proprietary and Confidential | MSF may be understated
CATEGORY GROWTH TRAJECTORY
Sources: Cushman & Wakefield industry report; Colliers 2019 U.S. Flexible Workspace industry report; Statista; JLL; Forecasted data based on estimates from Global Coworking Unconference Conference industry report
RECESSION RESISTENT MODEL
CATEGORY : The coworking category continues to grow. Recession- resistant, the category succeeds in good times and challenging times. Illustrative of this, industry bellwether Regus’s occupancy only reduced by 5.5% during the great recession. ENTERPRISE NEED: Enterprise recognizes the need to diversify their property portfolio, instilling more flexible leases. It is projected that enterprise will put 20% of their property portfolio in flex space. SMALL BUSINESS NEED: There are 23 million US Microbusinesses, increasing at 3 times the rate of the population growth. The growth rate of this market typically increases post market downturn.
OUR UNIQUE POSITION IN THE CATEGORY TARGET AUDIENCE • Members that are generating revenue or are well funded. • They are not early stage startups (the next gazelle) • Perfect for enterprise to support a work from home employee • Ideal for small business to have a cost-effective place to work with no capex. SUBURBAN LOCATIONS • We are in suburban markets where our franchisees and their members live, work, eat, and play. They are close to home and woven into the fabric of the community. OWNER to OWNER to OWNER • As the franchisor, we are owners. Our franchisees are owners. Our members are owners. • We are all accountable and recognize importance and respect the responsibility of ownership. FLOORPLAN AND FITOUT • Typically smaller floorplans – around 10,000 sf • A larger percentage of private offices allowing for social distancing.
#1 FRANCHISE COWORKING PROVIDER - Providing an essential service (we remain open, providing services during COVID-19). - 17 years of experience. - In total, the leadership team has run 1000+ coworking locations across 65 countries. - Extensive franchising experience - Award-winning brand - 10 company owned sites - 69 locations open. 80 locations open by year end. - Our franchisees are high net worth individuals who are require a long-term, sustainable business with recurring revenue.
UNIQUELY POSITIONED FOR COVID-19 - Providing an essential service (we remain open, providing services during COVID-19). - Workspaces allow for social distancing: Inherent in the model, private offices and meeting rooms offer the ability to provide solutions for social distancing; open spaces are built or easily adjusted to provide social distancing. - Large percent of our floorplan is devoted to private spaces. - Policy for sanitization is posted on our website. - Our national presence enables us to establish and readily transfer best practices regarding requirements to manage this evolving pandemic.
OUR DEVELOPMENT TEAM
William Edmundson Chief Operating Officer
Andrea Pirrotti Chief Marketing & Development Officer
Mark Hemmeter Founder & Chief Executive Officer
Paola Olson Real Estate Manager
John Lijoi Project Manager
Tamara Atkin Franchise Development
HIGHLY SATISFIED MEMBER BASE
EXAMPLES OF OUR SPACE
WE INVITE YOU TO JOIN US .
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