Palette Cafe in Schenectady is a Hybrid Between a Coworking Space & a Cafe
References: thepalettecafe & bizjournals
Palette Cafe is the combination of Saratoga Cafe and coworking space Palette—both businesses are owned by Catherine Hover who has recognized the important and complementary balance that is established here. After its initial success in Saratoga, Palette Cafe is opening its second location in Schenectady—in a space that measures more than 4,600 square feet. In addition, the two-story location will feature a back patio.
Originally planned to welcome customers in May, the COVID-19 pandemic threw a wrench in the plans and delayed the opening for mid-August or September. Quick to adapt, Hover has also shifted the business model a bit to include take-out from the cafe and requiring individuals to pre-book their seats at the coworking space through a dedicated app.
Image Credit: Palette Cafe
Originally planned to welcome customers in May, the COVID-19 pandemic threw a wrench in the plans and delayed the opening for mid-August or September. Quick to adapt, Hover has also shifted the business model a bit to include take-out from the cafe and requiring individuals to pre-book their seats at the coworking space through a dedicated app.
Image Credit: Palette Cafe
Trend Themes
1. Coworking-cafe Hybrids - The trend towards combining coworking spaces with cafes continues to grow, offering customers a comfortable work environment with food and drink services.
2. Adapting to COVID-19 - Businesses are finding ways to adapt to the pandemic, such as offering take-out and implementing reservation systems to control capacity and maintain social distancing.
3. Expansion of Coworking - The growth of hybrid coworking-cafe businesses and the demand for flexible workspaces suggests a potential for further expansion in the coworking industry.
Industry Implications
1. Hospitality Industry - The combination of coworking space and cafes provides new opportunities for growth and innovation within the hospitality industry, particularly in urban areas.
2. Real Estate Industry - The popularity of coworking spaces, especially in hybrid models, presents opportunities for the real estate industry to convert unused space into flexible, collaborative environments.
3. Technology Industry - The implementation of reservation systems and other tech innovations to manage capacity during the pandemic could drive further innovations in the technology industry for managing the future of workspaces.
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