BBJ: Creative & Cool: Startups find small – but hip – spaces fit the bill
Originally posted on Baltimore Business Journal By Morgan Eichensehr
A student at a university has an idea for an app that he thinks he could help solve a problem facing modern society. He’s taken entrepreneurship courses and wants to form his own company, with a goal of making something of the idea. He’ll need partners to take the risk with him, probably a lot of guidance from someone with more business experience and, of course, a place to work.
It’s a fairly typical story, fueling a big trend in business today.
As more and more entrepreneurs try to make their business ideas into reality, there’s a growing demand for more non-traditional workspaces. Young companies with limited manpower have no need — or extra cash — to lease a downtown office running about $25 per square foot on average. In fact, some only need a desk, which can be rented in a coworking space for a few hundred dollars a month.
