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— Office Properties Quarterly — December 2016

®

Denver’s Name in Commercial

Real Estate Since 1955

Fuller Real Estate takes great pride in the team of

knowledgeable professionals we’ve assembled

to assist in your commercial real estate needs.

We offer specialist in tenant representation, land,

retail, restaurant, industrial and investment real

estate. Reach us at (303) 534-4822 or visit our

website a

t www.FullerRE.com.

Fuller Real Estate, 5300 DTC Pkwy., #100, Greenwood Village, CO 80111 (303) 534-4822,

www.FullerRE.com

I

n just a few short years, the co-

working community in Denver

has developed into one of the

nation’s most robust. There are

co-working spaces seemingly

around every corner with more pop-

ping up every day. When Thrive first

opened its doors in 2010, the concept

of co-working was rather different

than the one seen today.

While the concept of co-working

remains communal at its core, co-

working has developed to meet

the growing needs of Colorado’s

co-workers. At first, traditional co-

working centered on people; today,

co-working centers on community.

Increasingly, the city’s co-working

ecosystem is concerned about loca-

tion, flexibility and community

when selecting a shared workspace

environment.

Location.

Location is crucial. We

have witnessed that a co-working

space’s location has a sizable impact

on the health of the community and

affects where people actually want

to get their work accomplished. A

shared workspace’s location needs

to be accessible to where commu-

nity members live, needs to have

the right vibe and needs to supply

access to eateries, bars and enter-

tainment options.

While working from home can

have its benefits – specifically, free-

dom and privacy – missing out on

some of the most crucial psycho-

logical aspects of productivity poses

a significant disadvantage. There

are far more perks being offered by

shared workspaces today than ever

before. Cultivating a warm, motivat-

ing and productive atmosphere is

crucial in meeting the needs of the

modern co-working

community. A

co-working space

with easy access

to parking, public

transportation and

nearby restaurants,

bars and other

cultural offerings

provides members

with additional

flexibility. Access

and location play

a sizable role in

meeting the grow-

ing needs of the developing co-work-

ing community in Denver.

Flexibility.

Flexibility is a neces-

sity for co-working spaces. Every

co-working space has a different

atmosphere, and the concept of co-

working remains relatively unknown

to a large percentage of the popula-

tion. Often, people don’t know what

they want in a co-working space,

so we offer the flexibility for them

to grow through memberships or

physical space. We have seen people

take months switching from pack-

age to package before they know

what option works best for them.

And then once they’re feeling com-

fortable, something happens – an

employee moves on, they’re forced

to hire additional employees, sales

don’t go as well as planned or their

company is acquired – and they are

right back at square one, trying to

figure out what works best again.

Offering flexible membership

options and not being afraid to alter

packages based on the needs of

members benefits everyone in the

co-working community. For example,

walls and spaces can be designed

to be modular for reconfiguration,

expansion and contraction. We

have a coffee shop area that can be

changed into offices over the week-

end and vice versa.

A co-working space should offer

customizable packages that meet the

needs of each business and supply

a “work where you want” mentality.

Even if members have private office

space, ensure that they love to use the

mobile workspace as well as offering a

variety of conference room sizes and

configurations. The ability to adapt

to members’ needs is crucial in the

development of a co-working commu-

nity.Whatever a co-working space can

do to be flexible for its members will

be beneficial in fostering a friendly,

familial community.

Community.

Community is one

of the most important values of co-

working and it remains one of the

hardest things to cultivate, because

there are so many attributes that

can impact the entire community.

The location, feel of the space, other

members, membership services and

networking opportunities are all

examples of the elements that make

up the unique communities at each

co-working space. We feel that you

have to adapt to the surrounding

neighborhood and members to culti-

vate a successfully community. Com-

munity is perhaps the most misun-

derstood value, as many co-working

spaces have differing views on what

Co-working space evolves to focus on community

Chad Johnson

Co-founder, Thrive

Workplace, Denver

Owner Insights

Thrive Workplace

Flexibility is key for successful co-working spaces. Offering flexible membership options

and not being afraid to alter packages based on member needs benefits everyone in the

co-working community.

Please see ‘Johnson,’ Page 28