Local shared workspace provider opens office in Littleton
Shift Workspaces, a shared workspace provider, opened its third location in Colorado and became operational at the beginning of July.
Shift Workspaces’ new 28,000-square-foot building, at 2679 Main St. in Littleton, will offer 117 private offices, 17 private phone booths and six conference rooms, as well as a 3,000-sf outdoor terrace, and 4,500 sf of bar and lounge space on the third floor. Shift Workspaces is leasing the property under a 12½-year term from building owners Chris Dinsdale, Christian Dinsdale, Jillian Dinsdale and Dan Mayes. Chris LaMee at Bayan Real Estate assisted the tenant in the lease transaction.
According to Grant Barnhill, CEO and founder of Shift Workspaces, the offices range in size from 100 sf to 350 sf, and conference rooms are 300 sf but can be combined to be as large as 2,000 sf. He said private offices range from $799 for single-user offices to $3,499 for six-person spaces. Coworking memberships are $299 per month.
“Our membership agreements are typically one to two years long and allow members the flexibility to scale their office space requirements up or down based on their current needs, the economy and their business growth projections,” Barnhill said. “Since office space tends to be one of the largest expenses for a business, outside of headcount, having the flexibility to scale up or down as needed is crucial going forward.”
Barnhill anticipates the smaller, satellite offices that Shift Workspaces provides increasing in demand, following COVID-19, due to more people working from home and downsizing their spaces.
“What we’re seeing as a result from COVID-19 centers around three main themes: proximity to home, a preference for smaller scale office buildings and lease flexibility,” Barnhill said. “Smaller submarkets like Cherry Creek, Littleton and the Golden Triangle offer our members the opportunity to get all the benefits of a contemporary office but be closer to home. These submarkets also provide walkable amenities like locally owned restaurants, yoga studios, gyms, dry cleaners and specialty retailers.”
Shift Workspaces’ new location sits in the heart of downtown Littleton, surrounded by a variety of restaurants, coffee shops, fitness studios and convenience stores all within walking distance. Its other locations are both in Denver at 1001 Bannock St. and 383 Corona St.
Barnhill said before opening the Littleton location July 1, Shift Workspaces signed 20 private office agreements for the new space. The initial popularity leads him to believe the property will be fully occupied by early fall.
Featured in the August 5-18, 2020, issue of CREJ