Looking to business incubators for new tenants

For property owners and managers with commercial spaces to fill, it’s worth keeping an eye on local business incubators for potential tenants ready to “hatch” and move into their own space.

Business incubators are organizations designed to nurture and accelerate the growth of new companies by providing office or production space at below-market rates. They’re run as nonprofits, usually by municipalities, regional economic development organizations or corporate partnerships, but the space and services they provide are only available to for-profit businesses.

Though a business incubator may sound like just a coworking space, they’re actually much more, providing not only office space but support and resources like coaching and networking with potential investors. They’re also not limited to professional services—many of the incubators located around Wisconsin have spaces that can accommodate light manufacturing, scientific research or commercial kitchens for food production.

Read full article.