Toronto Coworking Space Approaches Third Anniversary

3 year on for this West Toronto Coworking Facility and dynamic shared work space environment in the newly emerging trend of coworking taking hold in many cities worldwide
March 5, 2013 - PRLog -- "It's had to believe that we have made it this far given all the hurdles we had to clear" observes Leo Coholic the founder of the space. "I was skeptical that people would want to work across a table from a stranger, but they were doing it elsewhere in the world; and I thought why not here in Toronto?" The concept has caught on well in the downtown with many progressive organization that have social innovation as part of their mission statement. What about people hoping to start their business in for profit fields thought Leo after some preliminary research. Would it make sense for them to have a place to come out of isolation and interact with like minded individuals hoping that a moment of serendipity might change their life path forever? Many companies had embraced telecommuting and other work from home projects like distributing their workforce through this such as a distributed call centre. It would appear that the trend was away from office space. People could have some sophisticated offices in the comfort of their own home, why would they want to pay to work from a third party space. The answer is simple: "Human beings are social animals, they like to interact with other human beings on simple innocuous things like what they watched on Netflix last night"claims Coholic, and adds "Or it could be more complicated like seeking out advice or opinion on a particular software, software language, government program, RFP, architectural design, colour pallet, logo, SWOT analysis of a business concept, robotics program, flying video, importing issue, food product or even relationship issue. It's incredible what people will discuss and share when they are in a shared environment. I noticed that I was seeking advice on business that I previously would have been secretive about." "It is a great sounding board environment where you should be prepared to accept criticism and challenge as well as praise." The one thing that is problematic from the facility's prospective is the churn of clients. "The longest lasting client at the facility had been in for 10 months. They grew and stabilized their model and realized that they were going to be of a size for which they would be better served entering a long term lease for. That comes with the territory when you are on a month to month membership plan." He continues "What the experience with this company taught us, was that fit is important and we were not only there for the single professional and freelance creative, we needed to be there for smaller teams that needed longer term space. So we decided to offer self-contained offices on longer term for stable groups or teams." In fact the team is exploring the possibility of another form of occupancy within the facility on a lease to own facility is large when compared to many of the coworking spaces that have sprung up in Toronto over the last few years. At 14,000 square feet it can house a lot of coworking members.On the TTC, near GO and three QEW interchanges it is well located for any west end oriented business and is 15 minutes from downtown Toronto, Pearson International Airport, Square One Shopping Centre, and east Oakville. It is near many amenities and is walking distance from Lake Ontario and the Humber College Lakeshore Campus.  If you are thinking about trying coworking or shared offices you should definitely pay them a visit
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Tags:Coworking, Shared Office, Office Space, Telecommuting, Home Office
Industry:Real Estate, Home business
Location:Toronto - Ontario - Canada
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