Commercial landlords could profit from entering into joint ventures or profit-sharing agreements with co-workspace providers, Industrious founder Jamie Hodari has said. Owners of buildings get a poor deal since they are on the hook for maintenance and upkeep. In such an event, owners will likely be asked to renegotiate part of the lease. This suggests they should negotiate deals that also enabled them to benefit when tenants are successful.
Commercial landlords could profit from entering into joint ventures or profit-sharing agreements with co-workspace providers, Industrious founder Jamie Hodari has said. Owners of buildings get a poor deal since they are on the hook if a co-workspace operator fails, Hodari told a panel discussion hosted by leasing management company VTS. In such an event, owners will likely be asked to renegotiate part of the lease. This suggests they should negotiate deals that also enabled them to benefit when tenants are successful.