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In Atlanta, CoStar’s research showed the average lease term dropped from 62 months in 2013 to 45 months today, a 25% decrease — a significant change in a short time. However, when comparing total occupancy costs for smaller spaces and shorter terms, flexible workspace most often is less expensive.
When Mahlum started Solidcore in 2013, which now has over 100 studios across the U.S., She was adding up every expense and weighing where to splurge on a wise investment and where to save a few grand. “If you’re trying to scale and you’re spending your time the exact same way, something’s wrong. You’re never going to get there.”
This tends to hold true not only on a financial level, with state schools receiving a chunk of change for their operating expenses from the state in which they reside, but it also pertains to various other types of support from the communities that harbor them.
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