Wednesday, November 15, 2017

New coworking operator enters Philadelphia market

Natalie Kostelni Reporter Philadelphia Business Journal

Another coworking operation is entering Philadelphia and offering its own twist on the growing shared-office concept.

Bond Collective, which is based in New York, has signed a 10-year lease on 22,000 square feet on the top floor of One Penn Center where it plans to open next spring a coworking space called Bond Station House. Bond Collective attempts to differentiate itself in the increasingly crowded coworking market with its “high design,” said Shlomo Silber, CEO and co-founder of Bond Collective.

“Our model is boutique, hospitality driven space with high design,” he said. “We don’t see enough high-design space in the market.”

That may be a product of the cost it takes to build out such fancy space and the narrow margins produced by the memberships and other services provided by a coworking operation. Bond Collective has based it business model on it and believes it fills an unmet niche in the realm of coworking.
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