Coworking Spotlight: Premier Business Centers

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Premier Business Centers is one of the largest privately owned operators in the flexible workspace industry. It provides more than 1.5 million square feet of coworking space and serves more than 15,000 clients daily.  

With more than 90 locations across the U.S., it offers 24/7 access to its range of services. These include private offices, day offices, shared workspaces, virtual offices, and meeting rooms.

The operator is going from strength to strength. It recently ranked on Orange County Business Journal’s 2018 Fastest-Growing Private Companies list for the fifth consecutive year. It took the 65th spot and reported a 28.8% growth in revenue over the past three years for medium-sized businesses with $10 to $100 million in annual sales.

The operator’s ambitions for growth show no signs of stopping. Premier Business Centers recently hired Michael Pollack as its VP, director of real estate to handle new location acquisitions and renewals. Pollack was previously a senior director of real estate at Regus, where he grew his portfolio from 225 to more than 500 locations, according to an official statement.

“Michael will be looking for direct lease opportunities, potential joint ventures or management agreements with building owners throughout the USA. Premier primarily acquires shared workspace centers that are between 11,000 and 22,000 square feet in class A buildings in major metropolitan areas in the U.S. Over the past 16 years, Premier has specialized in repositioning distressed executive suites and coworking spaces,” the report concludes.

Expanding Premier Business Centers

Premier Business Centers has been growing its real estate footprint in a range of locations across the U.S. recently.

Earlier last year, it reportedly signed a five and a half year lease with Milan Park Tower, a division of Milan Capital Management, for the entire second floor at East Pacific Coast Highway, Long Beach, Calif. The lease is for 17,274 rentable square feet in the seven-story building.

Premier Business Centers also acquired its first piece of New York real estate in 2018, purchasing Prime Office Centers’ space on the 17th floor of 521 5th Avenue.

“We have been looking for a coworking center in Manhattan for several years and finally found the perfect opportunity to break into New York City,” Jeff Reinstein, CEO of Premier Business Centers said in a statement.

Premier Business Centers Membership

Premier Business Centers offers clients a highly flexible range of options. You can lease office space on a full- or part-time basis, by the hour, day, month or year.

Clients can choose between silver, gold and platinum membership packages. The silver membership option is $300, gold is $495 and platinum is $595 per month.

Premier Business Centers provides a seamless user experience to its clients. To rent a day office, for example, there are no setup fees, no deposits, and walk-ins are available.

Each space comes with the standard support services you’d expect, including admin and secretarial staff, high-speed internet access and mail handling, depending on the sort of space your business needs.

Originally founded in 2002, Premier Business Centers opened with nine centers and now holds real estate in more than 90 U.S. locations, including Arizona, California, Colorado, Florida, Hawaii, Illinois, Nevada, New Jersey, New York, Ohio, Texas, Washington, and Washington, D.C.



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