Over the years, we’ve watched the flexible workspace industry evolve.
The heart of coworking is all about building community, boosting productivity, and creating a positive environment. But at the end of the day, for investors and owners, it’s also about making sure the business is profitable and sustainable.
With so many factors to manage, from operations to marketing, a coworking consultant can provide invaluable support in not only building a thriving community but also ensuring your space is maximizing its revenue potential. Achieving long-term success in the shared workspace market requires careful planning, strategic execution, and a strong focus on financial performance.
In this post, we’ll explore why a coworking consultant is essential for operators, investors, and building owners who want to build a sustainable, profitable business in the coworking industry.
What is a Coworking Consultant?
A coworking consultant is a flex space expert who advises coworking space operators, building landlords, and investors.
At Flex Workspace Solutions (FWS), we use our industry knowledge to offer strategic advice. We optimize design, operations, financial planning, and marketing, improving business outcomes and helping achieve revenue streams for our coworking space clients.
Our expertise benefits both new and existing spaces. Whether starting out in the flex space or looking to improve, we offer tailored strategies.
Why Coworking Spaces Are a Smart Investment for Commercial Property Owners
Coworking spaces are an attractive investment for commercial property owners for several reasons. They offer flexible lease terms, appealing to a broader range of tenants and increasing revenue. These spaces cater to a variety of industries and workspace needs, making them popular among small businesses, entrepreneurs, startups, remote workers, and large companies expanding their footprint.
In addition to providing a steady revenue stream, adding a coworking space to your property can enhance the value of the entire building. It becomes a sought-after amenity for other tenants, offering them more flexible work options and fostering a collaborative environment. This adaptability helps property owners maintain profitable office spaces, ensuring long-term growth while moving away from the limitations of more traditional office setups.
How a Coworking Consultant Helps Operators Expand Their Portfolio
A coworking consultant supports flex space operators through market research. This includes analyzing industry trends, location analysis, and demand projections.
Consultants create tailored growth plans. This involves location selection, expansion strategies, and value-added services to maintain client loyalty and appeal to new prospects.
They improve facility layout for optimized floor plans, collaborating with architects and designers. They help enhance operational efficiency and facility maintenance using their expertise in shared workspace, space management and space locations.
Why Commercial Landlords and Building Owners Should Consider a Coworking Consultant
Coworking consultants help landlords optimize their vacant commercial property or space by transforming it into a profitable, flexible workspace that attracts tenants, maximizes revenue potential, and ensures long-term success.
Consultants advise on design choices, layout optimization, and functionality. They ensure the space meets tenant needs and industry standards.
At FWS, we have insights from experience operating many different workspaces, enabling property owners to implement effective space management. We also offer guidance on operations. This includes staffing, team building, and creating a sense of community.
The Role of FWS in Managing and Scaling Coworking Spaces
At FWS, our team offers a full suite of services to ensure your coworking space thrives. Whether it’s consulting on strategy, layout planning, staffing, or marketing, we provide expert insights that guide your space toward success.
While we start with consulting services—such as health checks and tailored strategies—you can expand your partnership with us into full-service management and design & development. From initial concept to long-term operations, FWS is with you every step of the way, helping you grow and retain tenants while maximizing revenue.
Key Benefits of Hiring a Coworking Consultant
Here’s a summary of the benefits of hiring a coworking consultant:
| Benefit | Description |
|---|---|
| Industry Expertise | Provides insights into coworking trends, challenges, and opportunities. Helps coworking operators understand partnerships and growth KPIs. |
| ROI Maximization | Implements effective marketing and expansion strategies to increase revenue and investor returns. Offers support with financial planning, such as developing a detailed revenue forecast tool as part of a coworking business plan. |
| Operational Streamlining | Analyzes and improves existing workflows for efficiency and seamless operations. Helps coworking spaces improve operations, create better user experience and offer collaborative workspace. |
| Tailored Solutions | Customizes layouts, amenities, and services to meet the unique needs of businesses, teams, and industries. A consultant can assist coworking operators to design floor plans from small to multi-level spaces. |
FAQs about Coworking Consultant
What is a workplace consultant?
Workplace consultants provide solutions to improve workspaces. They assess facilities, optimize layouts, and enhance ergonomics.
Their goal is to help clients achieve a positive return on investment by improving efficiency and productivity. Coworking consultants are a specific type of workplace consultant with shared workspace and community building experience.
What is the job of a coworking manager?
Coworking space managers oversee daily operations, staff, sales, and community building. Their primary focus is engaging members, maintaining the workspace, and retaining tenants. These key roles help ensure a smooth-running and profitable business.
Conclusion
A coworking consultant brings essential expertise to the table, helping investors, landlords, and operators achieve their goals. With tailored support, data-driven insights, and in-depth industry knowledge, a consultant can make a significant impact on the success of your coworking space.
At FWS, we go beyond consultation. We partner with you to provide comprehensive services—from design and development to full-scale management. Our team is dedicated to helping you build and scale a coworking space that not only thrives but also delivers sustainable growth. Ready to take your coworking space to the next level?
Contact FWS today and let’s get started on your journey to success.