Discussions Β» πŸ’° Workbar hits record premium above market office rent (πŸ”— Visit source)

Workbar's Back Bay location has demonstrated exceptional performance, growing from operational break-even within six months of opening in 2018 to generating $27 per square foot above market rent in 2024. The location's revenue has consistently increased despite declining traditional office rates, with premiums growing from $12 PSF in 2020 to $19 PSF in 2023, driven by strong demand for coworking memberships.

Curious to learn more about Workbar and their CEO Sarah Travers? Tune into this recent episode of the TWIC Podcast to hear her chat with Hector.

πŸ—ž Back to Week 49, 2024 Newsletter Β· πŸ”— Direct Link Β· πŸ“° News & Views Β· ⏱ Shared 49 days ago.

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