Are Hybrid Leases The Future of Landlord-Operator Partnerships?
Caleb Parker
Creating the office of the future, today. Award winning Podcast Host of The Caleb Parker Show & Misfits Mindset
Ep4; Season 13 of The Caleb Parker Show
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Bringing Coworking to the 'Burbs
In this Caleb Parker Show episode I'm joined by Meagan Schoenrock Slavin , Chief Operating Officer and co-founder of 25N Coworking , to discuss an interesting hybrid partnership model with landlords operated by 25 North.
But first, we hear how 25 North, a US-based coworking brand operating across multiple second tier and suburban markets from Texas to Illinois has grown over the years.
When Meagan and her business partner, Mara Hauser launched their first site 11 years ago, they set out to make it easier to work close to home.
Brand Matters
The 25N Coworking team curates economic development within their communities, and that has created a brand loyalty that sees their customers move with them, along with team members, as they grow.
Brand isn't limited to customer experience, in fact is begins with employee experience. Meagan and I discuss why flexibility is required in the modern workplace with hybrid working becoming the norm.
And she shares some of the strategies her own team employs to maintain a strong culture while managing multiple locations across a distributed footprint.
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A Hybrid Lease Model That Creates Balance
Meagan explains how 25N Coworking starting with a lease model, but moved to management agreements.
And lately they've been structuring landlord-operator partnerships that begin as management agreements, then flip to leases.
While this hybrid approach may not work for all investors, I can see how it creates win-win scenarios for both parties.
What do you think?
Tap into the full episode to find out the answer to this question, and more!
SPONSORED BY
This episode is sponsored by the Brave Corporation and the Brave Consortium.
Our collective of companies help Brave and it's landlord partners reposition office assets to meet the evolving needs of modern businesses.
By leveraging our collective expertise and resources we evolve office assets for dynamic use to serve customer demand for agility.