WAREHOUSES: Warehouse conversions for apartments have been popular for decades but the rising appetite for co-working and shared office space is seeing a new wave of conversions.
The business case for turning a neglected warehouse into a beautiful shared office space is a good one, according to Grant Philipp, chief executive and co-founder of Office Hub, which specialises in shared, co-working and serviced office space.
He says co-working spaces in towers, such as conventional serviced offices, don’t have the appeal or the same commercial fundamentals as a groovy space in a converted warehouse.
“It’s hard to get the right creative feel in an A-Grade tower,” he says.
The creative industries, start-ups and entrepreneurs are looking for more than just a box with a desk and a door. They want the “X-factor”, which is easier to create when rebirthing a neglected warehouse.