3 reasons to invest in co-working spaces in 2020

If you're thinking about investing in commercial property this year, you have many avenues to pursue. One exciting option that is gaining more traction in the business world these days is the idea of a co-working space. These versatile office environments, typically packed with amenities, are places where companies or individuals can rent space on an as-needed basis, ensuring operators see ongoing demand.

The following reasons why co-working spaces are so popular – and therefore make great commercial investment opportunities – should help convince you to get more information about your options:

1) They appeal to many different types of professionals

One of the big issues for some commercial spaces is that they can have a very narrow appeal for businesses based on the amenities contained within them. But because co-working spaces are specifically designed to have options for a larger number of different types of organisations, your property will be more appealing – and more likely to find tenants.

That may be particularly helpful for companies that don't want to commit to a commercial space for the long term, as they may be able to negotiate month-to-month arrangements that shift as their operations grow or change.

2) Create a network

Once you begin running a co-working commercial space, it becomes extremely easy to make strong, positive connections not only with current tenants, but through word of mouth. If a decision-maker with one of your tenants raves about the amenities or flexibility you provide to others in their own business networks, that creates major opportunities for you to keep growing your own operations and reach.

3) Take advantage of a changing market

The way things are going in the business world today, it's not always easy to anticipate what will be the next big thing. However, with an adaptive co-working space, it's easier to make the changes you need to keep up with the demands of modern business and highlight that versatility to both current and would-be tenants as well. That way, you can always stay on top of the latest market trends.

To learn more about the commercial real estate investment opportunities that may be available to you, get in touch with the experts at Ray White Surfers Paradise. We can walk you through all the options that fit your wants and needs, and help you find an option that will work well for many years to come.