CoCo is introducing a new type of workspace at its downtown Minneapolis location.
Startup Suites are dedicated spaces that give startups and fast growing businesses a flexible alternative to conventional long-term office leasing. CoCo has 6 of these spaces of varying sizes, available starting April 1.
Startup Suites are fully furnished and networked rooms with lockable doors that can accommodate from 8 to 16 members, depending on the size. The suites are on the same floor, but not within, the main CoCo space.
Best of all, these spaces are available with a short-term commitment of 6 months and without personal guarantees required by conventional landlords.
Startup Suites provide the benefit of having dedicated space, for focus and security, but with all the benefits of a coworking space, such as:
- 1 Gigabit fiber Internet
- Bookable meeting rooms
- 24/7 access to the historic trading floor for collaborating with other companies
- Fresh coffee served Monday to Friday, 8 a.m. to 5 p.m.
- A full kitchen
- A mailbox and unique mailing address
- The opportunity to visit CoCo’s other three locations during business hours.
Rates are as follows:
- Suite for 8 members (including 30 meeting room hours): $2,000/mo.
- Suite for 14 members (including 40 meeting room hours): $2,800/mo.
- Suite for 16 members (including 50 meeting room hours): $3,200/mo.
Each suite requires a $250 registration fee and 6-month commitment.
Interested? Please contact email@example.com to learn more or schedule a tour.
Traditional Office Lease vs. Startup Suite at CoCo
|Traditional office lease||Startup Suite at CoCo|
|Dedicated space for 8 people||$1,300-$2,000/mo.||$2,000|
|Drop-in access to spaces worldwide||X||included|
|1GB fiber Internet||$3,000/mo.||included|
|Furnished||$5,000 (financed = $150/mo.)||included|
|Full kitchen||$10,000 (financed = $500/mo.)||included|
|Unlimited gourmet coffee||$300/mo.||included|
|Maintenance & cleaning||$180/mo.||included|
|Events & Education||X||included|
|Ideas & inspiration||X||included|
|Commitment||3-5 years||6 months|
|Personal guarantee?||Most likley||Never!|
|Totals||$8,430 – $9,130||$2,000|