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What does a coworking operator actually look for in your building?
In this episode, Mike breaks down Launch's proprietary 12-point evaluation system. This is the weighted criteria we use to determine whether a building is set up to succeed with flexible workspace.
From competition proximity to amenity activation, capital strength to tenant mix, this is the same scoring system Launch has used for 10 years to predict financial performance.
The 12 points are:
1. Proximity of competition
2. Quality of competition
3. Professional management services
4. Entrepreneurial strength and mindset
5. Capital strength
6. Risk tolerance
7. Building class
8. Operator alignment with building class
9. Parking
10. Amenities in the building
11. Activation of those amenities
12. Vacancy and tenant stack
How do your business and your building stack up against these criteria?
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Connect with Mike
https://launchworkplaces.com/
https://www.linkedin.com/in/mike-kriel-a43994/
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About Flex in Five with Mike Kriel
How do you make money in the flexible workspace industry? Mike Kriel, CEO of Launch Workplaces, breaks down the opportunities, trends, and strategies that are working right now, in five minutes or less.
Honest and unfiltered, each episode tackles one focused topic, from what's working in coworking to emerging opportunities for commercial landlords, brokers, developers, and operators.
Drawing from real-world experience and conversations across the industry, Mike delivers actionable insights designed to help you grow your piece of the pie in this ever-evolving market.
Want to learn more about how to add a profitable coworking operation to your building? Download our free Commercial Landlord's Guide to Flexible Office Space: https://launchworkplaces.com/landlords/
In this episode, Mike breaks down Launch's proprietary 12-point evaluation system. This is the weighted criteria we use to determine whether a building is set up to succeed with flexible workspace.
From competition proximity to amenity activation, capital strength to tenant mix, this is the same scoring system Launch has used for 10 years to predict financial performance.
The 12 points are:
1. Proximity of competition
2. Quality of competition
3. Professional management services
4. Entrepreneurial strength and mindset
5. Capital strength
6. Risk tolerance
7. Building class
8. Operator alignment with building class
9. Parking
10. Amenities in the building
11. Activation of those amenities
12. Vacancy and tenant stack
How do your business and your building stack up against these criteria?
---------------------------------------------------------------------------------------------------------------------------
Connect with Mike
https://launchworkplaces.com/
https://www.linkedin.com/in/mike-kriel-a43994/
---------------------------------------------------------------------------------------------------------------------------
About Flex in Five with Mike Kriel
How do you make money in the flexible workspace industry? Mike Kriel, CEO of Launch Workplaces, breaks down the opportunities, trends, and strategies that are working right now, in five minutes or less.
Honest and unfiltered, each episode tackles one focused topic, from what's working in coworking to emerging opportunities for commercial landlords, brokers, developers, and operators.
Drawing from real-world experience and conversations across the industry, Mike delivers actionable insights designed to help you grow your piece of the pie in this ever-evolving market.
Want to learn more about how to add a profitable coworking operation to your building? Download our free Commercial Landlord's Guide to Flexible Office Space: https://launchworkplaces.com/landlords/
Creators and Guests
Host
Mike Kriel
Mike has been in the world of commercial real estate for decades, meaning he’s worked on both sides of the management agreement. After an extensive career with The Brick Companies, Mike was named CEO of Launch Workplaces in 2014. In that role, he set out to build flexible workspaces in Brick-owned properties as an innovative means to solve problems by filling vacant buildings. Mike’s formula proved to be a success. And since then, Launch Workplaces has evolved under his guidance, growing to offer its managed model to commercial property owners across multiple states. Fueled by his love for the commercial real estate world and his passion for building and leading Launch Workplaces, Mike acquired the business from The Brick Companies in 2021. Since 2020, Launch Workplaces has taken over management of and salvaged numerous locations that were set to close and continues to expand with locations in DC, Cleveland, and beyond.
What is Flex in Five with Mike Kriel?
How do you make money in the flexible workspace industry? Mike Kriel, CEO of Launch Workplaces, breaks down the opportunities, trends, and strategies that are working right now, in five minutes or less.
Honest and unfiltered, each episode tackles one focused topic, from what's working in coworking to emerging opportunities for commercial landlords, brokers, developers, and operators.
Drawing from real-world experience and conversations across the industry, Mike delivers actionable insights designed to help you grow your piece of the pie in this ever-evolving market.