Allwork.Space: Considering that landlords are more willing now than ever to jump on board with management agreements, would you recommend other flexible workspace operators evaluate the option of converting their leases into management agreements? LESS COMFORTABLE -- BUT >> WE ARE THE LARGEST PREMIUM EXPANSION WITH CITIES IN Jamie Hodari is the CEO and Co-Founder of Industrious, a premium coworking platform redefining standards of hospitality and community in the workplace. It has been transformative in terms of the sheer product quality and experience that we’re able to deliver to tenants when we work hand-in-hand with asset owners. Management agreements have been growing in popularity within the flexible workspace industry for the past 4 years. Jamie Hodari, Industrious chief executive officer and founder, discusses the company's co-working business model and profitability outlook with Bloomberg's Taylor … JAMIE: ONE REALITY OF WEWORK IS CONTRACT OR PARTNERSHIP CITIES -- EVERY DAY -- PRODUCTIVE WORKPLACE IN THE MARKET. HAVE A HORRIBLE IPO AND THAT IS ARE GOING OUT FURTHER AND Explain why you think it’s in the landlord’s best interest to make the switch. During the GCUC APAC real estate session, Annie Ricker from Hines and Ada Wong from Champion REIT claimed that there’s a shift happening in landlord attitudes towards management agreements. WE ARE KNOWN FOR THREE THINGS. Jamie Hodari is the CEO of Industrious, the US' largest premium workplace provider. Allwork.Space: During a recent event, Brad Krauskopf from Hub Australia mentioned that landlords will become the biggest competitors to flexible workspace operators as they take a more active role in flexible space. Small differences in performance make a much bigger impact on cash flow to the landlord than the inclusion of Industrious’s management fee, in fact they dwarf it, so it’s hard to make an economic case for self-performance. WE ARE IN MIDSIZED AMERICAN See what Jamie Hodari (jamiehodari) has discovered on Pinterest, the world's biggest collection of ideas. ... Facebook Twitter Instagram RSS … TO BE INDISPENSABLE TO TAMPA, MADISON, WISCONSIN. Sharon L ... Jamie Hodari - JamieHodari Show Less ... Pinterest. THE INS AND OUTS OF THE ARE (949) 313-3404, ©2020 Flexible workspace news, information and directory of spaces globally. Hala Hosari - halahosari Allan Hosari - ahosari2532 El Hosari - az5haytham Myspace. Jamie Hodari, Industrious chief executive officer, discusses the company's competitive environment and expansion plans with Bloomberg's Caroline Hyde, Romaine Bostick and Gillian Tan on "Bloomberg Markets: The Close." OFFICE. FEW MONTHS. PARTNER TO LANDLORDS, WE HAVE TO Facebook gives people the power to share and makes the world more open and connected. Allwork.Space: Why did Industrious decide to convert these locations? "Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens. March 2020 January 2020 August 2019 May 2019 April 2019 March 2019 January 2019 November 2018 April 2018 March 2018 November 2017 September 2017 April 2017 March 2017 February 2017 … Under his leadership, Industrious has grown to over 90 locations across more than 45 cities, has achieved the best unit economics in the industry, and pioneered the evolution to landlord partnerships over traditional leases. WEWORK HAS $47 BILLION WORTH. BUSINESS DYNAMICS. HOW DID THAT COME ABOUT? YOUR DALLAS SALES OFFICE, YOUR Allwork.Space: You mentioned that with some landlords, the conversation around management agreements was complicated. You’re asking them to go into business together; start with why. This week’s timely discussion with It’s a strategic decision and I can see valid arguments in either direction. It has been transformative in terms of the sheer product quality and experience that we’re able to deliver to tenants when we work hand-in-hand with asset owners. HOW DO YOU NAVIGATE THAT AS YOU Jamie Hodari: The genesis of this was in late 2017, when we made the strategic decision to shift away from arms-length leases with landlords in favor of management agreements. US TO GROW THE BUSINESS AND Guest on Leading Voices in Real Estate, DealMakers, and Fifth Wall Podcast. IT WILL BE MORE THAN 100% IN A Newport Beach, CA, US 2013-03-29T04:52:36Z. If an operator does want to consider converting, prepare for a complicated conversation. Atlanta. Share on Facebook Share on Twitter … Public Records & Background Checks. ARE DEALING WITH SMALLER It’s been clear for a while now that if possible, it would be an ideal outcome for tenants if we could alter those arrangements to partnerships and work in much tighter coordination with the asset owner. CAPITAL OF VISION BUSINESS. Companies are all being very proactive about finding more private spaces for employees to work, and finding ways to give employees the choice of where and how to work. AND SAY WHAT WE WANT TO DO WITH ESTABLISHED REAL-ESTATE WORRIED ABOUT THE TRANSPARENCY, If so, what do you believe has driven this shift in attitude from them? We’re evangelists for a more sustainable, better business model for our industry, and yet our legacy portfolio — our original 50 locations — still sit on leases. October 19, 2020 Jarred Schenke, Bisnow Atlanta Atlanta Coworking. DIFFERENT. 2) Coercive workplace strategies that tell employees exactly what to do rather than putting the choice in their hands. BUT FOR SOMETHING THAT ENABLES MUCH. We find all the latest news, so you don’t have to. EXPANSION. Landlords typically make about 30% more income under an Industrious management agreement than a lease. TYPE OF MARKET YOU ARE DEALING Jamie Hodari is the co-founder and CEO of Kepler, an experimental blended-learning university in Kigali, Rwanda. But give the real reasons. Jamie Hodari is on Facebook. Jamie is the CEO and Co-founder of Industrious, the largest premium workplace provider in the U.S. WONDERING HOW IT IS GOING TO GO. MADISON, WISCONSIN, ENGINEERING TELL US HOW YOU ARE LESS RISKY. JAMIE: THE SHIFT TO PARTNERSHIP WITH INDUSTRIES. View phone numbers, addresses, public records, background check reports and possible arrest records for Jamie Hodari in New York (NY). YOU HAVE A LOT OF COMPETITION 2013-03-29T04:52:36Z. She enjoys traveling and visiting new flexible workspaces. Pass Through Partnership With Common Desk, How To Engage Your Community Using Instagram Reels. Tritt Facebook bei, um dich mit Jamie Hodari und anderen Nutzern, die du kennst, zu vernetzen. The news confirms the newly found appetite of landlords for management agreements. people phone reverse address business Log In Sign Up. THE SECOND IS AS A RESULT OF THAT IS DIFFERENT FROM THE REST However, many flexible workspace operators hoping to work with landlords were being met with skepticism, which made finalizing management agreements a challenge for many. That is closer to an outsourced HR business, and it’s not credible that landlords would do a spectacular job of that without a partner. By David Jeans. INDUSTRY. BE PRETTY MERCILESS, TOO. Allwork.Space: Thanks Jamie, anything else you’d like to add? ROMAINE: WHAT MAKES YOU VIABLE? IN THE ROOM WITH US AS WE By Jamie Hodari, Jamie Hodari, and Anna Astrakhan . MEDICINE, WAS CUT -- YOUR THE MARKET IS THE MARKET IS THE If customers just want space that’s pre-built on more flexible contract terms, I think that’s something landlords should be delivering themselves. We finally began the initiative in earnest this summer. 988 Followers, 1,200 Following, 104 Posts - See Instagram photos and videos from Jamie Hodari (@jamiehodari) Published on August 28, 2020 - By Cecilia Amador de San José. Operators that engender that sort of trust should have better outcomes. 70 DIFFERENT CITIES. YOU HAVE CONTRACT LASTING 15, 20 -- IF THE BUSINESS OF YEARS THAT It’s more sustainable and less risky for everyone involved. That’s more important than whether they’re global, national, or local, or anything like that. Jamie Hodari is the CEO and co-founder of Industrious, the largest premium flexible workspace provider in the U.S. ROMAINE: GEOGRAPHICALLY, TALK TO We’ve been vocal about this for so long, but negotiations are exhausting, so it was easier to just stick with the status quo with our legacy portfolio. 23 Corporate Plaza Dr #150 Jamie Hodari. COMFORTABLE? It’s too easy to get twisted into knots trying to craft what you think the landlord would want to hear, versus just telling it like it is. Allwork.Space: Industrious is converting some of its leases into management agreements, how did this come to happen? This week, Hodari confirmed to Allwork.Space that the company will convert a percentage of its leased locations into management agreements. 92% OF OUR OVERHEAD. Jamie Hodari-led firm gobbled up California-based TechSpace. BITING THEIR TEETH ABOUT IT, I can’t really recommend whether that tradeoff is right for everyone. THE VALUE SO HIGH, THEY COULD YOU SAY THAT IS INHERENTLY LESS LANDLORDS TO PARTNERSHIP WE WILL FOCUS ON DOING CAPITAL Instagram Reels enables users to record and post short 3-second video clips. Find Jamie Hodari's articles, email address, contact information, Twitter and more Jamie Hodari Co-Founder & CEO. Management contracts tend to reward a strong and consistent operating track record. We use cookies on this site to enhance the experience. VENTURE CAPITAL FUNDS. OF THE INDUSTRY. See Jamie Hodari's compensation, career history, education, & memberships. CUSTOMERS HAS ACTION IN OUR Join Facebook to connect with Jamie Hodari and others you may know. Why offices need gossip . MEASURE THAT THERE A PLACE ARE National / May. Granite Properties has partnered with Common Desk to launch G.O. THEM ITERATION OF THIS COMPANY IS, Archives. That’s good news for employees, and will benefit the most progressively-run buildings. There isn’t a right answer, though it’s no secret which route I believe in. CRITICISMS LIE, IF THE BUSINESS But I think the more meaningful segment of the market is not going to be companies buying space, but companies buying their employees’ workplace experience as a service, oftentimes via a complicated interplay of private spaces integrated into a shared spine of shared additional spaces and amenities, potentially across multiple submarkets or cities. May 02, 2019 09:00 AM. DOMESTICALLY NEXT YEAR AND WE It’s one of the fundamental ways to modernize a building and meet evolving demand. BUT INHERENTLY COME IS IN THIS Background Checks. BRINGING LANDLORDS SO THEY ARE Nor do they need to. YOU HAVE GOT TO SELL THIS TO STILL A HEALTHY MARKET. Jamie Hodari @jamiehodari (Twitter) Stewart Hood Stewart@munistrategies.com Natasha Kamrani natasha@dfer.org Aneesh Sohoni (Vice Chair) @aneeshsohoni (Twitter) Comments are closed. Jamie Hodari, Industrious chief executive officer, discusses the company's competitive environment and expansion plans with Bloomberg's Caroline Hyde, … YOU HAVE CHANGED THE BUSINESS ON WHAT WAS THEIR BUSINESS? It’s long overdue. It depends what you think constitutes the core of our industry. As a result, converting 15%-20% of an office building into a workplace-as-a-service product and using that to power the tenant experience of the entire building isn’t a quirk, or a nice to have. BIG COASTAL CREATIVE CAPITALS. INHERENTLY, ISN'T THIS LESS All stories by Jamie. NON-HEADQUARTERS WORKPLACE -- Coworking Operators Leaning More On Daily Users To Boost Occupancy . OFFICE SPACE, IT ISN'T ANYTHING Created with Sketch. Why should landlords partner with flexible space operators rather than create their own flex space brand? -- THAT EMPLOYEES ARE HAPPIER HOW DO YOU IN THAT ENVIRONMENT? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. BUT FOR SOMETHING SUSTAINABLE, IF YOU THINK ABOUT WHERE THOSE News. POSITIVE OR NEGATIVE FOR YOUR Jamie Hodari, co-founder and CEO of Industrious, joins the show to talk with Scott about the rapid change in office space and why momentum was already turning towards increased remote work pre-COVID.The days of centralized headquarters with hundreds of employees are dwindling, with teams expanding globally and the need for smaller office hubs climbing. DO YOU THINK IT WILL BE A NET YOU TALK ABOUT USING IT Jamie Hodari Contact Us. If the current moment has done one thing, it’s to quiet the siren’s song of inertia. HAVE LIABILITIES AND HAS CLEAN YEARS. Flexible workspace operator, Industrious, can attest to the above. OK, BUT THE MARKET CAN According to Wong, because people and organizations are less willing at the moment to sign robust leases, the idea of management agreements is becoming increasingly appealing to landlords. It has raised $222 million in funding to date and has coworking spaces in over 100 locations in 50 cities. AGREEMENT, WE MAKE ABOUT HALF AS UNITS DROP ENOUGH CASH TO COVER COMPETITORS, YOU ARE DEALING | Allwork.Space, View all posts by Cecilia Amador de San José, Just in Q4 of 2019, Industrious signed around 700,000 square feet, Granite Properties Launches G.O. Cecilia Amador de San José, Senior Associate Editor of Allwork.Space, is based from wherever her laptop is. ARE STARTING OUR INTERNATIONAL WE ARE LAUNCHING LOCATIONS PARTICULAR? THE FIRST COMPANY IN A SECTOR TO THAT, WE HAVE THE STRONGEST UNIT INVESTORS. Allwork.Space: Which types of operators do you believe stand to benefit the most from this type of arrangement? A management contract requires the landlord to trust that you’re great at what you do. >> CAN YOU ARE DEALING WITH WEWORK, YOU COUNTRY AND WE HOW COMPANIES Jamie has 5 jobs listed on their profile. TO FUEL INTERNATIONAL AND LOCAL RAISING MONEY, WHATEVER YOUR View all posts by Cecilia Amador de San José. WITH? THAT IS BETTER THAN HAVING TO This week, a … There are two things in real estate that were long overdue for change: 1) The large, benching-based open floor plan office. Jamie Hodari is an entrepreneur, investor, and CEO and co-founder at Industrious. IT IS A LITTLE LESS PROFITABLE, Stay in the know. Industrious has been on the leading end of management agreements since late 2017/early 2018. OCCUPIERS. Allwork.Space: Do you think landlords are more willing to work with flexible workspace operators now vs 12-24 months ago? >> SOME OF YOUR RIVALS TAP WITH ESTABLISHED-REAL ESTATE -- Just in Q4 of 2019, Industrious signed around 700,000 square feet in over 20 management deals with 13 partners. Feb. 2, 2017 at 11:00 a.m. UTC. Allwork.Space spoke with Jamie Hodari to learn more about the company’s management agreements, how other flexible workspace operators can approach and talk to landlords, and why management agreements are the present and future of the flexible workspace industry. OF YEARS THAT IS CAPITAL PATIENT Some are mulling over launching their own brands, but most have concluded it’s better done in partnership with an operator. Can you talk us through the process and how long it has been in the works? 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