Would love to see some typical furniture cost ranges per private office for coworking spaces, and also a per square foot cost for all FF&E for a 5,000 to 8,000 sf coworking space.
@Beth - It really depends :) For the offices - how are you furnishing them? Just desk and chair? What size is your desk (30x60 or 24x48)? Are you buying contract furniture (i.e., Steelcase) or Ikea? Are you putting art on the walls? Are you providing lockable filing cabinets (I don't recommend you do)? For the rest, it depends on the level of furniture - basic contract furniture or Herman Miller? Can you get some furniture that's gently used and looks brand new? A starting range with contract - grade furniture and fixtures (includes appliances, IT equipment, screens for meeting rooms, etc) would be $15/foot. A professional space with mid-range contract-grade furniture would be closer to $25/foot. Custom furniture with really high-end finishes could go much higher. Unsolicited advice - if you can go for 8,000 feet, that's a nice starting point (but you need to confirm with a 10 year pro forma)...you need the same staff for 5,000 feet as 8,000 feet, making 8,000 more profitable.
Would love to see some typical furniture cost ranges per private office for coworking spaces, and also a per square foot cost for all FF&E for a 5,000 to 8,000 sf coworking space.
@Beth - It really depends :) For the offices - how are you furnishing them? Just desk and chair? What size is your desk (30x60 or 24x48)? Are you buying contract furniture (i.e., Steelcase) or Ikea? Are you putting art on the walls? Are you providing lockable filing cabinets (I don't recommend you do)? For the rest, it depends on the level of furniture - basic contract furniture or Herman Miller? Can you get some furniture that's gently used and looks brand new? A starting range with contract - grade furniture and fixtures (includes appliances, IT equipment, screens for meeting rooms, etc) would be $15/foot. A professional space with mid-range contract-grade furniture would be closer to $25/foot. Custom furniture with really high-end finishes could go much higher.
Unsolicited advice - if you can go for 8,000 feet, that's a nice starting point (but you need to confirm with a 10 year pro forma)...you need the same staff for 5,000 feet as 8,000 feet, making 8,000 more profitable.