Coworking Space

0 days left
Pledged
€200020
Minimum target
€200000
Backers
176
Successful
Coworking Space 0
Coworking Space 0

Get work done at half the cost.

Imagine: you’re just starting with your business idea,  you’re with a small team of people you believe in, and your goals are as clear as crystal before you.

However, it doesn’t take you long to realize that you don’t have the biggest of budgets as a startup. Moreover, amid costs to keep operations running and put food on your employees’ tables, there’s also the matter of renting an office space where you can get the ball rolling. The bad news is you’re in Berlin, and overhead from rent has been known to stifle the growth of companies of your scale. What do you do?

You call BB Office24UG and get things done at a fraction of the cost of the rent. Tell them what you need, and they’ll arrange for you and your staff a cozy spot on their state-of-the-art Coworking Space.

Coworking spaces are just like regular office spaces, only better. It has all the amenities that you’d find in a traditional office space such as cubicles, private meeting rooms, and pantries. However, the catch is you don’t have to shoulder the upkeep by yourself, because you’ll be sharing it with like-minded people who are in the same position as you are: trying to get their careers off the ground. 

At BB Office24UG Coworking Space, you’ll be able to afford the office that you need to get your business going and work alongside freelancers, startups, and creative types, making inspiration and collaboration more accessible and available. It’s a great way to get work done while minimizing your overhead, so you can invest in things that truly matter: your business, your employees, and your future. 

Coworking spaces are the future of startups and the freelance economy. BB Office24UG Coworking Space is set to take full advantage of this upward trend, and your investment today might just be the ticket to your most significant returns yet. 

 

 

Investor Benefits and Loan Security

 

The people at BB Office24UG believe that Coworking Space can help many individuals and startups get their companies off the ground. But for that to happen, they need to get Coworking Space off the ground first. At the moment, the business exists only on paper, but that’s about to change. They have officially partnered with TFGcrowd, and intend to raise 200’000€ in the capital which will go to getting their rented space ready for business. This includes repairs and fitting the place with all the furnishings and equipment of modern office spaces. In return for your trust, they are willing to give a significant 16% interest rate to all potential backers, which will be paid out over its 8-month loan term. 

Interest rate payments start calculating from the day you make your investment!

The following pledges secure the loan:

•  A pledge on BB Office24UG

•  A personal guarantee of the Borrower’s Shareholders & CEO

•  A Guarantee of the Borrower

The loan is offered with the BuyBack Guarantee: thus, if a borrower is late with the repayment of the loan, TFGcrowd will compensate the investors both the invested principal amount and interest, as well as pay the accrued interest after 60 days of delay.

 

Coworking spaces are the future of office spaces, and riding this industry’s market upswing might just be your ticket to a significant return on your investment. Opportunities like these don’t come often, so make sure you have room for Coworking Space on your portfolio!

 

Market Outlook

 

It wasn’t that long ago when coworking spaces were brushed off as a passing trend. This was 2013-2014, and critics were eager to point out that businesses tend to thrive in space that’s truly theirs, from the cubicles to the coffee pot. More recently however, they have been singing a totally different tune, even going so far as to describe it as a threat to the traditional office space and laud it as the future of workspaces

That’s quite a significant shift, in less than half a decade no less. But looking at how well coworking spaces have fared these past three years, this turnout is hardly shocking. Apart from saving companies significant overhead due to lower rent, these spaces have also had positive effects on workers and companies that tried it. As early as 2015, coworking spaces were being praised by Harvard Business Review regarding how “people who belong to [coworking spaces] report levels of thriving that approach an average of 6 on a 7-point scale. This is at least a point higher than the average for employees who do their jobs in regular offices.”

The article went on to mention reasons for its newfound popularity: (1) the people who worked in coworking spaces, i.e. freelancers and startups, see their work as meaningful and are more motivated than your average cubicle-dweller; (2) these spaces afforded employees flexible work hours; (3) workers in these spaces feel that they are part of a community, and are able to collaborate and communicate free from compulsion or restraint. The perks of coworking spaces have only grown more apparent these days, and already we see hints that even mid-sized or even major companies are making moves to replicate these conditions for themselves. 

But its attractiveness as an alternative to the traditional office space is not the only thing driving the trend upward. The low costs associated with coworking spaces naturally attract people who could not afford to buy, build or rent out an entire workspace for their companies, namely startups and freelancers. It is also the case that the majority of startup employees and freelancers are Millennials, a good portion of whom are just getting started with their careers or are building their networks and portfolios. The participation of Millennials is significant because it means that as Millennials grow into the primary workforce demographic, so too will every industry that they place value on. 

This is good news for coworking space operators, since their business more than reflects Millennial values, and is, in fact, its virtual outgrowth. Besides the smaller commitments, casual dress codes, and the fewer responsibilities associated with coworking spaces, the flexibility of work hours and the convenience of low upkeep are proving to be very attractive to Millennials who grew up with the cultural mantra of “work smarter, not harder.”

The newfound centrality of coworking spaces to the office space scene is nowhere more apparent than in the exponential growth experienced by the industry in recent years. No longer a niche market, it commands approximately US $26 billion as of 2019, which is equivalent to 521 million square feet of flexible office space worldwide. Projections till 2022 see the global industry growing at a CAGR of 13%, even as coworking spaces continue to be built one after another. This comes after the number of coworking spaces grew by 205% from 2014 through 2018, while the number of operators grew by 138% during the same period. 

 

Loan term
8 months
Interest rate
16% per year
Earnings
0

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