About
Affordable workspace policies provide certain types of businesses space in new developments at below-market rents, including startups and small- and medium-sized enterprises. Affordable workspace is provided by developers in a number of ways: it can be leased and managed by an affordable workspace provider approved by the local government; managed by the owner of the new development; or leased by the property owner to one or more businesses approved by local government. Workspace providers are usually commercial property owners, social enterprises, or foundations.
Stakeholders
Government or Public Agency
Real Estate Firm or Developer
Strategies in Action
Hackney Business Network’s Affordable Workspace Policy – London, England
The Hackney Business Network is a council-run initiative to support local businesses and make the neighborhood more accessible and inclusive. Hackney’s affordable workspace policy applies to all commercial developments with 1,000 square meters or more [...]
