Office Space Advice
Managed space, sublease space and executive office space
Published October 28th, 2008 by Mike Sullivan
Never before have these real estate terms been so important. The economy is forcing companies to assess their real estate decisions. Across the nation the amount of companies who are subleasing their empty space increased 3 basis points in the last quarter alone according to CB Richard Ellis.
In a press release by Premier Business Centers, the largest privately owned executive office space provider in the US, CB Richard Ellis attributed with saying companies are “right-sizing”, electing to lease office space on more flexible terms and with a smaller footprint.
ABetterOffice believes now more than ever is the right time for a business to consider an executive office suite or some sort of managed office space. Rates are low, there are almost no startup costs, lease terms are flexible and offices can be ready in sometimes less than 24 hours after signing an agreement.
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About the Author
Melanie Jones November 20th, 2008 at 7:04 am
I am betting many who hadn’t fully understood the benefit of serviced offices will come to appreciate this model in today’s market — and that appreciation should linger when the market recovers. Where many products and services have rigid terms, executive offices have always offered the ultimate flexibility. Managed office space will shine through this recession and long after the recovery — if the stakeholders do a good job of educating the market.