In the state of Maryland alone, there are nearly 40,000 active real estate agents working right now. And while all real estate agents need to be sponsored by a brokerage, that doesn’t necessarily mean they work within that brokerage’s office.
As a result, real estate agents often have to find an office space of their own. But in many instances, traditional office leases are simply impractical options for them.
Enter: coworking spaces, the often-forgotten ideal choice for real estate pros.
If you’re in real estate and you haven’t thought about coworking spaces yet, it’s probably time to consider them.
Flexibility and Convenience
As a real estate agent, you’re constantly on the go. You’re in and out of the office all day long, running around the city from showing to showing. Some days you’re hardly in the office at all.
Coworking offers you a flexible workspace where you can come and go as you please while still having a central home base. You can pick hot desks, where you simply come in and sit down at an open seat, a dedicated desk where you’ve got your own workspace in a communal area, or a private office of your own.
On top of that, coworking spaces offer extremely flexible lease options so that you can plan your commitment on a month-to-month basis rather than on one or multiple years of tenancy.
This flexibility means you can also sign up with a coworking space and be at work in a space of your own the next day.
If you’ve spent any time looking for an office, you probably know that they are expensive. And they also limit your options.
Traditional offices often force you to take on large volumes of space, even if you don’t need it. So, there’s a chance you’ll end up paying for much more than you need.
Coworking offers a happy medium between working from home and taking on a big, full-sized office space.
On top of that, it also includes all of your necessities–WiFi, coffee, tea, snacks, electricity, furniture, and so many more–within your membership. Economies of scale mean you get to split up the big costs of running an office with a bunch of other businesses so that you don’t have to pay it all out of pocket.
As a real estate agent, your appearance is important. You need to project a professional image to your clients. And having a space where you can meet them is an important part of that.
Sure, you’ll spend a lot of time out of the office showing properties, but what about when it comes time to sign on the dotted line?
Having a dedicated office or meeting space where you can bring your clients for important conversations goes a long way in making you look like a true and certified professional.
Networking and Connections
You know the saying: it’s not what you know, it’s who you know. And that certainly holds true in the real estate world.
One of the best ways to get clients is either by networking or via referrals, and coworking spaces put you in the middle of a strong, close-knit community of professionals.
Simply being in that environment helps you broaden your network in an organic way. And who knows where those connections will take you?
Speaking of a credible address, working from a coworking space can allow you to get a central location for a significantly lower cost than you’d incur taking an office of your own in the same area.
This isn’t just great for cost-savings. It also means shorter commute times for you as you’re flying around to all corners of the city to show properties to your clients.
For many real estate agents, taking on an office space is a necessity–but also frequently means paying for things you don’t need at a cost that’s higher than you want to shell out.
Coworking spaces offer a solution that gives you everything you need and nothing you don’t.
Are you a real estate pro looking for a flexible workspace in Baltimore?
If so, get in touch with us today.