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📊 WIN’s flex data expanding to OpEx reporting
Andy Williams, CFO at Runway East, breaks down why WIN (Workspace Intelligence Network) tracks Expand 👇 achieved rates, not headline ones, since flex incentives and opex swings vary widely and hit NOI directly.
Two years in, WIN covers 35 operators, ~500 spaces, and 9m sq ft across the UK, with a new Annual Opex Report now underway.
This may now rival the Operating Cost report Ben at Patch covered before, giving operators two independent benchmarks for achieved rates and real opex, useful ammo when negotiating leases or pricing memberships.
Andy Williams, CFO at Runway East, breaks down why WIN (Workspace Intelligence Network) tracks Expand 👇 achieved rates, not headline ones, since flex incentives and opex swings vary widely and hit NOI directly.
Two years in, WIN covers 35 operators, ~500 spaces, and 9m sq ft across the UK, with a new Annual Opex Report now underway.
This may now rival the Operating Cost report Ben at Patch covered before, giving operators two independent benchmarks for achieved rates and real opex, useful ammo when negotiating leases or pricing memberships.
🧹 Ops director building new benchmark
Patch ops director Ben Newton shared how (after spending an hour trying to figure out if they were Expand 👇 overpaying for cleaning) is building benchmark of what operators should be paying per square foot for support services.
"The OpenOps Project is a free, open cost benchmarking tool for coworking operators. Cost per square foot, grouped by size bracket, named operators. No paywall. No sign-up. No catch."
Patch ops director Ben Newton shared how (after spending an hour trying to figure out if they were Expand 👇 overpaying for cleaning) is building benchmark of what operators should be paying per square foot for support services.
"The OpenOps Project is a free, open cost benchmarking tool for coworking operators. Cost per square foot, grouped by size bracket, named operators. No paywall. No sign-up. No catch."
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