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With an abundance of newly available office real estate on the market (thanks, COVID), the value of coworking/office space franchises may increase significantly throughout 2021. For now, there are only a few options in the space available, with Regus holding onto the lead spot by a significant margin.

Office and coworking franchises are likely to align best with prospective franchisees who have built careers in commercial real estate, sales or marketing. Additionally, the flexibility offered for the end-user (the office leaser) provides a clear value for consumers, making local marketing a relatively easy undertaking.

Here are four of our favorite office/coworking franchise brands for 2021.

Regus

  • Startup costs: $549,000-$998,000
  • Units: 951

Office Evolution

  • Startup costs: $373,950-$1,557,000
  • Units: 28

Venture X

  • Startup costs: $911,690-$3,602,710
  • Units: 35

Rent 24

  • Startup costs: Available upon inquiry.
  • Units: 55

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Nick Powills

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Nick Powills

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Nick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.

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