ThisWeekIn Coworking

Premier Workspaces

Premier Workspaces (formerly Premier Business Centers) operates locations in Arizona, California, Hawaii, Illinois, Nevada, New Jersey, New York, North Carolina, Ohio, Texas, Washington, and the District of Columbia.

πŸ’Œ Newsletter Mentions

5 Results

😳 HOW MUCh of these OG’s revenue stack is virtual offices?

In Sofia Stolberg’s latest Forbes EQ piece, we hear what industry leaders Ashley Buckner, Flip Howard and Michelle Stiegler (from well-established firms Carr Workplaces, Lucid Private Offices and Premier Workspaces respectively) think about Virtual Office (VO) products.

Flip notes that VO memberships represent nearly 70% of his profit margins across 26 locations, and "represent the highest revenue per square foot offering in the business". Michelle notes that over the last 22 years, VO plans have been a big part of their book of business, while Ashley noted how VO sales have a unique ability to go straight through to the bottom line.

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 12 days ago Β· πŸ“© Week 23, 2024

🎧 Listen to this.

Willie Gutierrez joins Jamie and Gio on the Flex Uncensored podcast and chats about Premier Workspaces’ strategy to grow through leveraging profit, and how deep transparency and support among his team helps to continuously improve the business and guides them through challenging times.

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 94 days ago Β· πŸ“© Week 11, 2024

πŸ“‘ Supply on rise, prices drop and HQ joins biggest operator list

Researchers at CoworkingCafe leveraged their most recent proprietary data (from December) to break down the stock availability in the 25 largest markets, their size and distribution, as well as the leading coworking operators. They also compared the most recent numbers to those registered in the third quarter of 2023 to determine the evolution of coworking throughout the US.

In short: Average Virtual Office pricing came down to $119 from $125. Open workspaces remained steady at median of $149, dedicated desks came down to $322 from $329.

The number of US spaces (on their platforms) went up 1.28% to 6,251 from 6,172 in Q3. LA surpassed Manhattan on number of locations (268 and 267 respectfully), whilst New Jersey saw the biggest increase of 9% from 137 to 150 in Q4.

Total squarefootage increased by 3% to 120.85M sqft. Premier Workspace was surpassed by HQ in the list of the largest 5 operators, by location size amongst top 25 US markets.

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 149 days ago Β· πŸ“© Week 04, 2024

πŸ‡ΊπŸ‡Έ Listing platform shares list of largest US operators

CoworkingCafe (which you may remember we introduced as Yardi’s new booking platform in w29/22) shares who the largest US operators are according to their data/listings based on number of locations.

The top 15 are: Regus (832), WeWork (246), Industrious (135), Spaces (117), Premier Workspaces (87), Office Evolution (81), Workstyle Flexible Workplaces (60), Intelligent Office (45), Expansive (43), Venture X (42), LocalWorks (31), COhatch (30), Carr Workplaces (27) and Serendipity Labs (27). They also share that they’d say there’s 5,723 locations nationally.

I’m not sure about these results given I’ve not seen the data, but the national number seems very low, and Regus + Spaces are the same operator, but different brands, but interesting nevertheless.

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 526 days ago Β· πŸ“© Week 02, 2023

πŸŽ‚ Premier Workspaces celebrates 20 years!

Congrats to Jeff Reinstein and allΒ the Premier teams!

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 758 days ago Β· πŸ“© Week 21, 2022

πŸ“ Key Info

Founded in 2002. HQ in Irvine, California.

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