{"id":1149,"date":"2022-11-14T06:58:20","date_gmt":"2022-11-14T06:58:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=1149"},"modified":"2022-11-12T17:58:59","modified_gmt":"2022-11-12T17:58:59","slug":"premier-announces-100-new-shared-coworking-spaces","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/premier-announces-100-new-shared-coworking-spaces\/","title":{"rendered":"Premier Workspaces Has 100 New Shared Offices in the Works"},"content":{"rendered":"

The meteoric rise of coworking has been going on for more than a decade, with freelancers, entrepreneurs and even larger companies benefiting as a result. Notably, the pandemic was the trend\u2019s first major hurdle, with spaces sitting empty for months. But now, things are looking up for the industry once again, as evidenced by Premier Workspaces\u2019 announced plan to take over, partner with or create as many as 100 new shared office locations throughout the next few years.<\/p>\n

Premier Workspaces (formerly known as Premier Business Centers) \u2014 one of the largest coworking space operators in the U.S. that also handles executive suites \u2014 has announced plans to invest in distressed office space locations with backing from its real estate holding company investor, The Bascom Group, LLC.<\/p>\n

Unlike other coworking operators, Premier primarily manages properties operated by larger, institutional tenants and owners, with a focus on private offices, rather than hotdesking. One example of Premier\u2019s business model is the company\u2019s recent management deal with the Irvine Company. After the company\u2019s previous office operator defaulted, Premier assumed management of more than 200,000 square feet of office space across six properties in southern California, reducing operational expenses and rethinking product offerings. The result is that Premier’s coworking spaces are commonly counted among the best<\/a> in top locations across the U.S.<\/p>\n

\u201cOver the past nearly 20 years, Premier Workspaces has taken over and repositioned 74 distressed or bankrupt shared workspace locations,\u201d said Premier\u2019s Chief Executive Officer, Jeff Reinstein. \u201cThere is no company in our industry that has the same track record or depth of experience as Premier Workspaces in taking over and repositioning failed shared workspace locations.\u201d<\/p>\n

The operator relies on a controlled mix of master leases, subleases, and partnership agreements to maintain its status as a quality operator and tenant. This model made it so that Premier was able to add five new entries to its list of managed locations in 2020, arguably the most difficult list for the coworking industry. Now, the company is betting on the growing needs of organizational office space, as well as the convenience of full-service office solutions, such as those offered by Premier.<\/p>\n

If you’re looking to join the innovative coworking trend and benefit from top-tier office amenities, welcoming communities and networking opportunities, check out our selection of top coworking offices across some of the most competitive markets in the US:<\/em><\/p>\n