Business across the Triad is booming – and it’s changing the commercial landscape in many ways. The North Carolina Department of Commerce says it saw a 41% increase in new business applications from 2020 to 2023. However, the department states that while there has been an increase in new businesses being created across the country during the pandemic, this ongoing boom is unique and is now being seen here in the state. But the region is also experiencing a boom of a different kind. The rise of an entirely new way of working in co-working office spaces. And business owners say both upswings are an interesting trend that could prove the Triad is not only good for business but also changing the way it’s done. Coworking office spaces are rentable office spaces where people can work alone or in a team. For many startups, the barrier to entry of having to purchase huge office space is overcome, allowing them to collaborate with others. Some even offer other services such as IT and administrative support. Kim and Tony Lancaster are entrepreneurs who, after years of owning a school, decided to open their own co-working space, Venture-X, in Greensboro. They say they have made careers as entrepreneurs, loved building their business and helping new companies grow, both in their area and regionally. “People have the opportunity to meet and connect with other people. And they’re surprised: ‘Oh, you do this, you do that. This can help.’ “Me, this can help my company.” for a company. Then you force a person to work from home. Or they don’t have the amenities they need. “So with co-working, they can get a shared benefit from the amenities and the co-working space,” Tony said. But what’s even more interesting is that these startups aren’t the only ones benefiting from the space. The Lancasters say they’ve seen more and more major corporations abandoning *their* large office buildings and renting from them as they gain a foothold in the Triad. So if these trends continue to take hold, the next time you’re strolling through your newly developed neighborhood, be on the lookout for these spaces because they might not be too far away.
Business across the Triad is booming – and it’s changing the retail landscape in many ways.
The North Carolina Department of Commerce says it saw a 41% increase in new business applications from 2020 to 2023.
But the department says that while there has been a surge in new businesses across the country during the pandemic, this ongoing boom is a separate phenomenon and is now being seen here in the state.
But the area is also experiencing a revival of a different kind. The rise of an entirely new way of working in co-working office spaces.
And business owners say both surges are an interesting trend that could prove the Triad is not only good for business but also changing the way it’s done.
Coworking office spaces are rentable office spaces where people can work alone or in a team.
For many startups, the barrier to entry of having to purchase huge office space is overcome, allowing them to collaborate with others. Some even offer other services such as IT and administrative support.
Kim and Tony Lancaster are entrepreneurs who, after years of owning a school, decided to open their own co-working space, Venture-X, in Greensboro.
They say that as professional entrepreneurs, they have enjoyed building their business and helping new companies grow, both in their area and within the region.
“People have the opportunity to meet and connect with other people. And they’re surprised: ‘Oh, you do this, you do that. This can help me, this can help my company. How do you do that? “Who are you working with?” said Kim.
Tony says they’ve realized their space is helping to make entrepreneurship a little more accessible for some.
“Sometimes that leap is a little out of reach for a company. Then you force a person to work from home. Or it doesn’t have the amenities it needs. So with co-working they can share all the amenities and stuff.” “Work space,” Tony said.
But what’s even more interesting is that these startups aren’t the only ones benefiting from this space.
The Lancasters say they’ve seen more major corporations abandon *their* large office buildings and rent from them as they’ve put down roots in the Triad.
As these trends continue to take hold, keep an eye out for these spaces in your neighborhood the next time you walk through your newly developed area, as they may not be too far away.
