MARKETSCALE BUILDING MANAGEMENT 01/08/19: MULTI-USE SPACES IN UNEXPECTED PLACES

AgoraRDM Co-Founder Mike LaRosa was interviewed by MarketScale’s Building Management podcast on 1/08/19.

Copied from the MarketScale Building Management blogpost:

Underutilized space is all around us. Rather than sitting on their hands, creative building managers are rolling up their sleeves and finding ways to put this space to work for them. Whether it’s opening a co-working space in a restaurant during the day when business is slow, or repurposing an old department store or mall to be used as a school, these spaces are changing the way we think of how facilities can be used. On today’s episode of the podcast, we talk to two people at the forefront of this movement. MarketScale correspondent Sean Heath speaks with Gary Kuklin from the Commercial Division of Berkshire Hathaway HomeServices about repurposing spaces for many different uses. We also have a conversation with Mike LaRosa of Agora RDM about co-working spaces can fill the space void in locations that aren’t traditionally thought of as an office.

HOW A YOGA STUDIO CAN ALSO BE A CO-WORKING SPACE

Building managers are consistently faced with a question: how do I make the best use of the space I have available? Co-working spaces are providing an intriguing answer to that question. Mike LaRosa, Co-Founder of Agora RDM, joined the podcast to explain how businesses are using space that is underutilized at certain points of the day to set up co-working spaces.

“A lot of players have woken up and realized they have a lot of underutilized space they’re paying rent for,” says LaRosa. Turning this space into a co-working area allows the business to subsidize their rent and put their full facility to use. He goes on to explain one his favorite examples of a business putting this plan into practice. How did a yoga studio leverage their open space during the day to become a hot co-working spot? Mike LaRosa has all the details.

TARGET BECOMES MIDDLE SCHOOL IN IOWA

When taking a trip to the mall, you might expect to learn a lesson about sales, customer service, or traffic patterns in a parking lot. You probably don’t expect to learn 7th grade Biology or 5th grade Mathematics. If you live in Council Bluffs, Iowa, though, that is exactly what could happen.

On today’s podcast, MarketScale correspondent Sean Heath had the chance to chat with Gary Kuklin  from the Commercial Division of Berkshire Hathaway HomeServices. We discuss the open mindset necessary to be able to proceed with unexpected surroundings, the mutual benefits of repurposing existing spaces, and how this might become the norm instead of an outlier.

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MarketScale Building Management Podcast 12/12/18

AgoraRDM Co-Founder Mike LaRosa was interviewed by MarketScale’s Building Management podcast on 12/12/18. This episode takes a look at the various ways that facilities can make the most of their available space. From music venues utilizing their space for multiple events, to automated parking garages, and coworking spaces, one of the objectives for each of these projects is to make the most of the limited amount of space at each particular facility.

A Crash Course on Coworking Spaces

Copied from the MarketScale Building Management blogpost:

Chances are you hadn’t heard of coworking spaces ten years ago, but you’ve almost certainly heard of them now. What caused this surge in the market? Mike LaRosa, Co-Found of Agora RDM, is an expert in these types of spaces. He joined the show to talk about the factors that combined to create an environment for growth and the best practices these coworking spaces should employ to maximize their success.

“As coworking has evolved, or as we like to say, space as a service has evolved, folks are identifying a slew of different ways to monetize under-utilized space,” LaRosa says. He calls the combination of factors that led to the explosion of coworking spaces as “the perfect storm”, referencing the downturn in the economy ten years ago, an increase in remote employees, and the desire of younger generations to free themselves from the tradition office setting.

MarketScale Building Management

For the latest news, videos, and podcasts in the Building Management Industry, be sure to subscribe to their industry publication.

Twitter – @BuildingMKSL
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Looking to Monetize Underutilized Space?

Agora RDM integrates real estate management practices with the principles of coworking to provide all-inclusive solutions for flex-use or shared work spaces, community builders, institutional developers and investment trusts alike.

Beyond offering consulting services to shared workspace owners and operators, Agora RDM uniquely specializes in developing non-traditional shared space concepts in addition to offering facility management services.

Believers in the discipline of “Space as a Service”  with focus on the client’s overarching business goals, Agora RDM works with organization’s existing resources such as amenities and shadow or underutilized space to create new revenue streams and/or grow the sales of existing products and services.

Contact us today for a one hour complimentary space analysis to learn how you can monetize underutilized space, today!

The post MarketScale Building Management Podcast 12/12/18 was first published on AgoraRDM.