If you’re starting a coworking space or even looking to expand your existing business, it’s worth considering buying a building.
Roughly half of my Coworking Startup School students are building owners that already had a building and decided that its best use was to house a coworking space, or people that wanted to start a coworking space and wanted the benefits that come along with also owning the building.
When COVID happened, my most resilient students were those that owned their buildings and had to negotiate with their mortgage lender, but didn’t have to deal with the landlord that doesn’t get it or couldn’t afford to give them some rent relief as too many of their members cancelled contracts.
Today’s guest, Matt Maurice, walks us through his experience buying commercial real estate and creating a coworking business to be the only tenant.
