Premier, one of the largest privately held coworking/executive suite operators in the US, started with the bankruptcy sale acquisition of American Office Centers. nearly 20 years ago. Premier has since owned or operated a total of 132 shared workspace locations and more than two million square feet of space. Over these two decades, Premier has never had an unprofitable year, nor defaulted on a lease, making Premier a trusted option for landlords. Premier’s impressive, yet responsible growth, comes from operating coworking spaces with a healthy mixture of master leases, subleases, and management/partnership agreements. This strategic growth comes not only from new buildouts, but also from the managing and repositioning of distressed locations.
As a pioneer in the management agreement model, Premier signed its first management contract to operate a coworking space nearly 20 years ago and has continued to grow the management portion of its portfolio. In 2020, Premier added five new managed shared office spaces. These managed locations also include a coworking space within a luxury apartment community – the latest amenity trend in rental housing.
“We are getting calls from landlords daily,” stated
An example of the win-win nature of such transactions is one of the many management deals done by Premier with a large, institutional office building owner such as the
“We offer landlords our unparalleled experience as well as internal infrastructure that allows us to better understand and fulfill the opportunity of each location.” said
Premier’s shared workspaces were fortuitously designed with an almost exclusive focus on individual, private offices, which has become highly desired in this Covid-19 environment. This allowed the company to retain almost all of its client base during the pandemic. The swift implementation of additional COVID-19 protocols allowed the company to attract a new client base while competitors repositioned their centers by dividing large team rooms or shared coworking areas. As a result, Premier has seen a consistent increase in activity in recent months. Much of this activity is driven by corporate clients seeking remote or spoke locations in the communities where their employees live. They also appreciate the added flexibility of short-term agreements as they incorporate coworking into their real estate strategy to attract and retain talent.
Before as Premier Business Centers and now as Premier Workspaces, Premier has been a trusted, industry leader with nearly 20 years of management knowledge and experience both clients and landlords can count on.
About Premier Workspaces:
Premier Workspaces (http://www.premierworkspaces.com) operates one of the largest privately owned executive suite, coworking and shared workspace companies in
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SOURCE Premier Workspaces