About 18 months ago, we were asked by Quadrant Investment Properties to take over the operation of a struggling co-working operation in one of their office buildings in downtown Dallas, TX. It was something we had never done before, and we thought it would be a challenge worth taking on. More importantly we thought the co-working project would be a great way to test new Honeycomb product features within a closed environment.
With a starting occupancy of just 14%, an unhappy tenant base and a neglected space we knew we had to act fast.
After completing the above - we waited and just worked to make the space feel alive by initiating a communication and events schedule for the space and entire building. Slowly we saw the transition start to happen. The mood of the tenants started to improve, we saw inbound inquires in crease dramatically over the first six months and the space started to fill.
Based on our performance, the building has signed a management agreement with Honeycomb to fully run the co-working operations going forward. If you are interested in creating a flexible office workplace or a co-working solution for your commercial real estate building, please do not hesitate to reach out.
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