Economy doesn’t stop office suite in Naples – Ft. Myers area

Published December 3rd, 2008 by Mike Sullivan

Bonita Bay Group, a community development company based in Bonita Springs, FL has opened a new executive office suite between Naples and Ft. Myers called The Brooks Executive Suites. There isn't much information on it yet as the website is not complete. However, a quick search finds they are posting ...

Regus expands in Latin America

Published December 1st, 2008 by Jennifer LeClaire

Latin America is a booming market – and the serviced office concept is making strong inroads there. The Regus Group is expanding its growth opportunities in Latin America. Regus last week said it would extend its executive office suite footprint in the region with the opening of its first business center ...

Commercial office space market’s hidden losses

Published November 26th, 2008 by Mike Sullivan

ABetterOffice has been covering information about drops in occupancy over the past few weeks. I reported yesterday that commercial office space has dropped in occupancy nationwide about 60 basis points from second to third quarter of 2008. What gets obscured, however, is the real vacancy rate of commercial office space. Many ...

Office space market is burdened nationwide

Published November 25th, 2008 by Mike Sullivan

It's not surprising that the office space outlook is grim given the current economic conditions. There are reports of areas, like Detroit, where vacancies have increased by 300 basis points (3 percentage points) year over year. Looking at the office space sector of the commercial real estate market nationwide, the ...

Finding Green Office Space: New York, Redmond and Bristol

Published November 24th, 2008 by Mike Sullivan

I recently ran across an article about green office space in Bristol, England. I decided to do a search on green executive suites (and other similar terminology) to find environmentally friendly serviced offices in the US. Other than a handful of "Green Bay Executive Suites" - not quite what I was ...

Office Suites PLUS is growing fast

Published November 21st, 2008 by Mike Sullivan

Regus reports impressive numbers despite conditions

Published November 21st, 2008 by Mike Sullivan

Regus, the world's largest provider of executive office space, recently reported that they continue to track to financial expectations. Their revenues rose 24.7% in the 4 months prior to October 31st, to £367M or 550M USD, with total capacity up 2.3% to 168,908 workstations. This is highly impressive given the current economic ...

Office space in Midtown Manhattan

Published November 18th, 2008 by Mike Sullivan

I spent the day visiting office space in Manhattan yesterday, much of which was in the Midtown area. This area is a driving force and bellweather in the New York office rental market. Encompassing areas such as Penn Station, Times Square, Park and Madison avenues, there are no better known ...

South Florida and Tampa office space update

Published November 14th, 2008 by Mike Sullivan

For years South Florida, which typically includes Palm Beach Gardens through Miami along I-95, has been one of the strongest real estate and business markets in the country over the past decade. Other parts of Florida, including the Tampa Bay area have benefited from this same trend. However, inside sources tell ...

Great use of video to promote executive office space

Published November 13th, 2008 by Mike Sullivan

We have recently come across a couple really good examples of executive offices promoting their office rentals through video marketing. They each take a different angle -- and both I think are very effective. Catherine Price, founder of Execu Suites in Orlando, FL, has several videos on her company's site. The ...

Office space in Las Vegas for sale on eBay

Published November 11th, 2008 by Mike Sullivan

It's exciting to see serviced office operators take chances on new ways to market their offices. Sahara Business Center in Las Vegas, Nevada recently offered an office on eBay. The office went for $279.50, well below the monthly charge of a typical class A office suite. But for a facility that ...

New shared office rental website

Published October 31st, 2008 by Mike Sullivan

ABetterOffice.com has found a new website of interest to the office rental community. It is a website -- perhaps the first of its kind -- that has listings of shared office space. Essentially, there are many companies who wish to sublease unused space, and shareyouroffice.com is providing them a way ...

Office trends of the future

Published October 25th, 2008 by Mike Sullivan

CoreNet Global has recently published a new feature in the most recent issue of The Leader about trends in the workplace, entitled "The Future of the Workplace: What's Next Is Here" . It is an intriguing piece that focuses on business trends, and how they can affect office space portfolios. The ...

Louisville is light on executive office space

Published October 25th, 2008 by Mike Sullivan

A quick search of the web for "office space Louisville, KY" - the typical terminology office space seekers use for searching for serviced office space - only turns up 4 executive suite locations. This would lead one to assume that Louisville has a significant dearth of serviced office space in ...

The truly flexible office space company

Published October 23rd, 2008 by Mike Sullivan

I recently wrote about a merger concept between a traditional commercial real estate company and a serviced office, mentioning how a company like this could help corporations more effectively and efficiently manage their real estate. However, what I didn't discuss was how a company that owns and manages a variety ...

Will CB Richard Ellis buy Regus?

Published October 17th, 2008 by Mike Sullivan

Will the serviced office industry ever see a time when the largest providers of flexible office space merge with commercial real estate titans? Hopefully, the answer is yes. To get to this point, the serviced office industry must grow significantly and become more flexible and provide far more services than ...

Not all serviced offices are created equally

Published October 15th, 2008 by Mike Sullivan

Unfortunately, many serviced offices are created equally. That’s one of the problems with the industry’s offerings and what keeps them from advancing from a very small percentage of the total commercial office space. There is simply not enough variety of service offerings to entice new customer segments, or retain current ...