There isn’t an excess of coworking space in the Puget Sound, and especially not on the Eastside. Startup companies are growing rapidly and are too numerous for the Eastside’s small coworking spaces to keep up the pace.
extraSlice opened in Bellevue in 2014 and reached capacity in six months, validating the need for more and larger coworking on the Eastside. The coworking startup now has secured 16,000 square feet at Benaroya I-90 South, along Interstate 90 in Bellevue’s Eastgate neighborhood, in an effort to keep up with the growth.
Beginning June 1, the coworking startup will occupy a full floor of the Class A office building, and feature private offices, open coworking space, rooftop seating, and flexible lease options.
Bryan Oliver, of Washington Partners Corporate Real Estate, helped extraSlice secure the new space. He said extraSlice helps fill the need for flexible office space with low start-up costs that brand new companies are looking for.
“A lot of our start-up clients are looking for flexible lease options, with low start-up costs, in a cool tech environment as they are figuring out future headcount projections. Until now, Bellevue has lacked this type of space. We are excited to have had the opportunity to help extraSlice open this location to service this need on the Eastside,” Oliver said.
Binu Reghunathan and Meghana Subramanian cofounded extraSlice with a business model slightly different from the average coworking space. Instead of having a large office space filled with tech companies and freelancers, they looked to intentionally build a holistic community with companies and workers from every aspect of the business world. That way, each startup would have full access to collaboration and assistance with any issue or project it would come across.
“(We have a) special focus on helping overcome the barriers to success for tech start-ups. Whether that is a lack of business experience, a need for technical resources, technical training or office space. That support should be easily accessible and affordable to our community,” Subramanian said.
extraSlice will hold a “Shark Tank” style pitch event on June 16 as a grand opening event for the space.