Is co-working, office rental the way of the future? Beavercreek small-business owner thinks so
“People were really Googling us a lot,” Reeves said. “People were asking ‘what is this’ and ‘is this something I can use?’”
As vaccine protection increases and companies are weighing when or whether to go back to the office in-person, some companies are finding opportunity with a more “flexible” approach to the office through co-working or renting office space. Companies like WeWork and Ohio-based COhatch have recently started opening up more locations across the country. In the Dayton-area, several co-working spaces have opened in the past few years, like Dayton Emerging Fashion Incubator or Daywork 130.
While some co-working spaces are geared more toward supporting start-ups, Beavercreek Office Suites is geared toward more mature, established businesses.
Beavercreek Office Suites offers month-to-month and yearly leases. The most popular lease option is a yearly lease, but those renting enjoy the flexibility given by a month-to-month lease. Many of the businesses that use Beavercreek Office Suites are defense contractors, financial planners or attorneys.
“We’ve been through a lot in the 18 years I’ve worked here. We survived 2008, but this downturn was different because we didn’t know where the bottom was,” Reeves said. “It was hard to project long term what we should and could do.”
Reeves said when the 2008 financial crisis hit, she worried whether a business like hers would be relevant. Before that event, businesses typically rented a large quantity of spaces from Beavercreek Office Suites. After the financial crisis, she found more businesses were using Beavercreek Office Suites and renting smaller spaces.
“We worried after 2008, if we would still be relevant, and it just turned out that instead of having one company have 10 offices we would have five companies that have two offices,” Reeves said.
With the pandemic, Reeves said, people are looking still to have private space.
“They want a space where it’s uninterrupted, the dogs not barking, FedEx isn’t knocking on your door,” she said. “It’s one thing to have your internet bogged down if you’re all just, you know, surfing, but it’s another to have a weak line when you’re on a meeting. And because people are still getting business done, you just have to have strong dedicated internet, and we weren’t necessarily set up at home to do that.”
Executive office rentals and co-working spaces are the workspace of the future, Reeves said.
“People like having the flexibility in home. And they like having this office because they can come do their meetings and they know that they’re going to get a good connection; they know that they’re going to get services and amenities; and so as far as if this is the future — absolutely. Because now you can have an office and it might serve six people on your team, but they each use it individually when they need it. And so now you’ve got a good place, you can work from home, but when you need strong internet, maybe when you need to meet with a team we have access to conference rooms, but also you have a private office. It is doing more with less. That is the future. It has been (the way of the future) since the internet.”