Investor Presentation
This is our company (cont'd)
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We can offer space more affordably while charging -2-2.5x our lease cost because we:
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Buy in bulk
Have a scaled construction platform with standardized build-out procedures
Receive subsidies from landlords
Utilize square footage more efficiently than any lessor we know of, while curating the space to optimize member experience
We average -4% gross churn, but have a net member retention rate of 121% driven by existing member firms who want more space
Landlords like us because we aggregate demand, can close quickly, and improve the perception of their building
Keep topics of focus:
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Our vision for the business
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Our unit economics
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Our cost structure
Our new location occupancy and sales cadence
Our strategy for managing a recession
We want you to feel the confidence we do about how we intend to fill our pipeline of buildings in a profitable manner
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