CHAPEL HILL — There’s a new co-working space in Chapel Hill.
It’s called Building1, and it’s a 5,000-square-foot office located at Suite 300 on 1506 E Franklin Street, with seven offices and three alcoves.
It joins other co-working spaces in town like Spaces, Carolina Co-Working, Perch Co-Working Bluedoor Studio and Launch Chapel Hill, a business accelerator.
Compared to some, it’s on the small side. But that’s the point, says its founder Lesley McAdams, a commercial realtor.
“We’ve done it right by keeping our footprint small and manageable,” she said, adding: “When I was first evaluating the market, Spaces at East 54 was just being built and WeWork was considering a location close to the UNC campus. Clearly, there was and is demand in Chapel Hill for shared office and co-working spaces. However, no one was building professional and well-designed space on a smaller scale.”
Building1 is different, she said.
The larger of the two conference rooms can easily accommodate up to 20 people. Large private offices, meanwhile, can accommodate up to five or six people, with some offices having in-office phone booths or storage.
Individuals also have the option to rent dedicated desks in an office with only three other people.
“Building1 is ideal for many different types of office requirements,” said McAdams. “Independent contractors who want to get out of their homes or the coffeehouse, small companies looking for cost effective yet professional space whether they are growing larger or not, and large companies that can benefit from annex offices or offices for workers closer to where they live.”
Startups, emerging companies and others can now select from a wide variety of offerings in space and amenities across the Triangle. In addition to WeWork, American Underground and HQ Raleigh, other providers include BioLabs, First Flight Venture Center, The Frontier Coworking Station, Apex Coworking Station, Holly Springs, among others.
McAdams said she believes co-working is the future of office.
“It allows individuals and small companies to access community and afford professional office space that they couldn’t afford otherwise. It also allows larger companies to be more agile in general and attract and retain employees they might not be able to get to move.”