Coworking for the Real Estate Industry Coming to RiNo in 2019
DENVER — REth!nk, a new coworking brand focused on the real estate industry, recently announced their first two locations as they launch a national network of spaces, including one in Denver’s RiNo Arts District, the other in Houston, Texas.
The Denver location at 3950 Wynkoop Street, will open in April 2019 at the corner of 40th & Wynkoop, contiguous to 38th & Blake light rail station. The building has easy vehicular access in and out of downtown as well as to I-25 & I-70 and is within easy walking distance to breweries, restaurants, and coffee shops. The space also features on-site and abundant street and adjacent lot parking with spectacular views of downtown.
The company has selected Corgan as the architect for both locations and a general contractor will be selected within the next few weeks.
Shared workspace growth has been exponential since the coworking industry launched in 2006. The number of coworking spaces globally has grown by 3800 percent in the last seven years and it is projected there will be 30,432 spaces globally by 2022. The cultural movement that started with freelancers and entrepreneurs is now a mainstream part of the new corporate office landscape.
Setting itself apart from the other cowering companies in Denver, REth!nk is a coworking community created by real estate professionals for real estate professionals and will curate its membership amongst asset owners, investors, developers, architects, designers, engineers, general contractors, lawyers, bankers and brokers.
“The coworking industry has now moved past the innovators stage and we saw opportunity to learn from the operational lessons of industry pioneers,” said Ken Cope, founder and president of REth!nk. “We see two striking opportunities. One is to push beyond the traditional coworking lease arbitrage model and create value by owning and renovating well-located but underutilized properties and the other is to take a niche, industry approach to building our community in order to help accelerate the growth of our members’ businesses.”
Real estate (and related industries) constitutes the largest share of US GDP and is a highly collaborative and interrelated industry. Each REth!nk location will be customized for the tasks and work performed by real estate professionals and will provide resources, knowledge and relationships to create shared opportunities. In addition, REth!nk will also function as an incubator/accelerator providing resources to expedite member business growth.
“We are excited by this opportunity as REth!nk is now in a position to offer an innovative and cost effective office solution to the real estate industry nationwide,” said Mr. Cope. “REth!nk is committed to being the best operator of industry specific coworking spaces in America and we’re excited to bring a value to the market that currently isn’t being offered by other providers.”
REth!nk eventually plans to open more than 28 locations nationwide in the next five years.
Rendering courtesy of REth!nk