This column is written by Alex Taylor and sponsored by Arlington Economic Development‘s Business Investment Group.
Over the last decade, coworking spaces and related concepts have taken the commercial real estate sector by storm.
What used to be a niche industry focusing primarily on executive suites and conference facilities quickly became accessible to everyone from tech entrepreneurs and home-based businesses to major corporations looking for short-term, flexible space to service a multitude of different business opportunities.
Each space offers unique amenities tailored to a certain clientele, and while many in the commercial real estate industry remain skeptical of market saturation, others have come to believe coworking is here to stay as an important asset to the business community.
Surprisingly, the Washington, D.C. region has been one of the slowest markets to adopt coworking. In the Washington, D.C. metropolitan area only 0.5% of commercial office space is leased by coworking firms, compared to 3.5% in Austin, 3.0% in Seattle and 2.5% in New York City (New Knight Frank). Part of the reason for this is the nature of the entities doing business.
The federal government and its related contractors, lobbyists and law firms still cherish large swaths of private office space for varying reasons, often regarding security. Although the D.C. region has had a slow start in gaining traction for this alternative work environment, demand for coworking space could quickly pick up with the arrival of Amazon and the continued diversification of the economy toward more technical and innovative industries.
Back in 2015, Arlington Economic Development aided in recruiting 1776 and Eastern Foundry, two early entrants into the coworking space, in an effort to foster the growth of early-stage and fast-growing startups in Arlington.
The idea was to create an environment that provided the resources and office stock to meet the budgetary and business needs of the companies that were to be the future of our economy. Arlington’s commercial office market now features 21 coworking spaces, not including offerings like flexible spaces and speculative suites that developers and building managers are introducing to the flexible work environment.
As individuals and companies look to utilize space differently, coworking facilities are offering a convenient alternative to those who find themselves between “starting out of the garage” and signing a long-term lease. The ability to showcase a wide variety of real estate options allows Arlington to recruit the rapidly growing companies which will eventually require larger, long-term spaces and feed Arlington’s tax base.
As Arlington recruits nationally and internationally, coworking stock continues to be an important selling point to companies looking to make soft entries into our business ecosystem. It allows companies to ‘test the market’ while giving themselves time to find a permanent space should they be successful.
As the definition of coworking continues to grow and adapt, the void these spaces fill in the office market continues to be an invaluable asset as we build a more diverse, forward-thinking economy.
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Last week, the Arlington County Board voted unanimously to allow homeowners, builders and developers to convert or build new 2-6 unit homes throughout the county.
Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve