5 Easy Steps for UAE Landlords to Add Flexible Workspace to their Buildings
If you’re a landlord or property owner who is seeking to revitalize an underperforming building or space, adding a flexible workspace is a compelling solution. Here’s how to start:
Mystery shop competitors to understand local demand and pricing and determine the amenities to invest in to make the space stand out in the market.
Research the coworking brands and models that best align with your property and its needs. Not all operators are the same. Be sure to look at companies’ track record of success, executive leadership, expertise in the industry, etc.
Find a coworking partner who knows how to run successful spaces in properties like yours.
When ready to lease, create a mutually beneficial deal structure to keep the partnership in place long-term.
Future-proof the agreement by staying plugged in and being open to reinvesting in areas that will continue to drive return on investment for yourself and your partners.
There’s never been a better time to add a coworking operation to your building. Hybrid work and the demand for flexible workspaces are here to stay.
While flex operation is a complex undertaking, especially for a property owner who’s new to the arrangement, working with an experienced partner who knows the market can simplify the experience and operate in the most profitable way.
