We're in the planning stages for the opening of a co-share space. I was
wondering what percentage of projected gross revenue should be devoted to
rent. A "traditional" or "standard" percentage for commercial leases is
10% of projected gross revenue, but I think that's really low for a
co-sh
You could go as high as 50%, but 30-40% is quite common as well. Totally
depends upon if parking is included, if your rent is full service gross (FSG),
modified, NNN, etc.
Question: if "co-share", what other usage or tenant will share this space?
Jerome
__
BLANKSPACES
"work FOR yo
I can confirm that revenues from membership that put rent at 30% of gross or
lower are absolutely achievable.
We're playing catchup from our expansion this year so we'll close out with
annual revenue that puts rent closer to 45%, but we pay around the same cost
per square foot and have histori
oh, I totally misread Alison's email - sorry. I meant 50% of operating
expenses.
And yes, I agree w/ Alex: rent can be as low as 30% of the revenue.
Jerome
__
BLANKSPACES
"work FOR yourself, not BY yourself"
www.blankspaces.com
5405 Wilshire Blvd (2 blocks west of La Brea) Los Ange
Sorry, that kind of business plan totally varies for everyone. I believe Alex
knows more about a few popular templates that have been discussed in these
group threads. However, note that what you're asking for is to some for-profit
ventures, their "secret sauce." In general, simply managing a
The real answer to your question is in knowing your market, not know what works
for us. The reason we've made it work is because we took the time to build our
community, who they were and what they wanted, and they effectively answered
all of the questions that you have and more.
I agree with J
our space in pittsburgh breaks down like this:
1025 rent
150 electric
150 coffee (we get really nice coffee)
100 cleaning
40 gas
120 internet
40 water delivery
we usually have between 10 and 15 members paying 150 a month, and a
few people paying less. This is our first year being open and I paid
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