162. Casey Godwin on the outlook of the Commercial Real Estate Market for Coworking Space Operators
TODAY’S GUEST IS CASEY GODWIN, PRESIDENT OF FLEXSPACE ADVISORS
IN THIS EPISODE, CASEY AND I DISCUSS :
Current market trends such as health and safety protocols, virtual tours, digital memberships.
Landlords are quickly becoming more entrepreneurial in their approach to creative deal structures such as management agreements and hybrid leases. Some landlords are willing to assume more risk and provide more TI for a long-term commitment.
Current opportunities: Second generation and “dark” space coming back to market - some with great build-outs, good deal terms, FFE included. Etc.
Landlords are refinancing and looking to re-fill space with more TI and support for a coworking tenant.
Potential pitfalls: Cash is King - lending markets are tight, and timing an opening to take advantage of 2021 demand.
RESOURCES MENTIONED IN THIS PODCAST:
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