Coworking Site CoCo Adding Location in Uptown – Real Estate Matters
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Coworking Site CoCo Adding Location in Uptown

Twin Cities coworking and collaborative work center CoCo is adding a location in Minneapolis’ Uptown neighborhood. CoCo offers space for independent workers and small businesses to work, share ideas, and collaborate on projects. The company offers individual, small business, and corporate memberships. Individual memberships range from $50/month for 1 day/week access to $350/month for full access and a dedicated desk. The business started in downtown St. Paul in 2010 and added a second location in downtown Minneapolis location the following year. The Uptown location will be CoCo’s third site.

CoCo's 20,000 s.f. downtown Minneapolis location operates out of the historic Trading Floor of the Minneapolis Grain Exchange. (photo: CoCo)

CoCo’s 20,000 s.f. downtown Minneapolis location operates out of the historic Trading Floor of the Minneapolis Grain Exchange. (photo: CoCo)

Coworking spaces are gaining popularity nationally and are particularly popular among technology and creative workers. Approximately 90% of the members of CoCo’s downtown Minneapolis location are in one of those fields. Coworking sites are often an alternative to working from home or at a coffee shop for independent or home-based workers. They have flexible pricing and hours while offering services one might have in a typical office, such as copier and printing services and meeting rooms.

Artist rendering of the main coworking space planned for CoCo's Uptown location (image: CoCo)

Artist rendering of the main coworking space planned for CoCo’s Uptown location (image: CoCo)

CoCo’s Uptown location will fill 15,000 s.f. formerly occupied by an auto-repair shop. It will have numerous amenities, including a tap room with craft beers, a small movie theater for presentations and pitches, a walkout patio with green space, and a billiards room that doubles as a meeting room. CoCo Uptown will have 160 coworking seats as well as 24 “campsites” (dedicated desks) and 9 group campsites for 4 to 6 people. With the new location, the CoCo founders hope to relieve pressure on the downtown Minneapolis location, which is frequently at capacity. They also want to tap into a new market of customers in the rapidly growing Uptown neighborhood, which is popular among young professionals.

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