The company was founded in 2012 by Ray Rahbar, Jason Shrensky, Chris Junior and several other partners.[3][4] The concept originated in 2007 as a shared-office model intended to reduce startup operating costs.[3][5] Early funding was provided by angel investors, individual entrepreneurs, and the CYwP Fund.[3][6][7]
The company first opened an 8,500 square feet shared co-office space at 1401 Wilson Blvd., Arlington, Virginia with 25 offices. It was later occupied by 47 tech company startups.[5][8][9] This was followed by an office in the Tysons area of McLean, Virginia in June 2013, with 16,000 square feet and 47 offices. The third location was opened in the Dupont Circle area of Washington, D.C., with 40,000 square feet, containing 103 offices.[3]
In November 2015, the company changed its name to MakeOffices.
In January 2016, MakeOffices expanded into Chicago and opened the first of its three coworking and shared office spaces in River North. It also opened in Philadelphia's Center neighborhood at the same time. [11][failed verification][12]
In January 2021, announces it is shutting down.[13][14]
Service
The company offers office spaces that are leased on a month-to-month basis. The advantage of leasing an office space in MakeOffices is that it is less expensive than owning or renting an office space. Also, with a month-to-month rental agreement, companies are not locked into an extensive unbreakable lease, giving startups more flexibility. Executive offices and suites and virtual offices are also available through MakeOffices.[5]
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