Entries Tagged as 'Office Space'
National Office Update & Office Tenant/ User Strategies PodCast
Original Air Date: 4/2/11
Very informative broadcast about the office market and office space strategies for office space tenants.
"The office user show provides a national office market update and best practices for corporate office users. Chris Macke, Senior Real Estate Strategist with CoStar Group provides an update on national office market performance including top cities for investment and markets prime economically for corporate headquarters. He also shares market advice for office users and expectations for 2011 and 2012.
Show host Michael Bull and industry leading guests cover current topics important for office users including strategic lease provisions for tenants, protecting lease rights before foreclosure, prevalent lease situations in this economy and the guests share best practices when renewing leases and securing new locations.
If your company uses office space or you advise companies that do, you will find this show very informative and enlightening."
Is there a difference between an executive office suite and coworking office space? You bet there is. According to Frank Cottle, Chairman and Founder of Alliance Business Centers Network, " they are marketing to two different user groups and each using their own mixture of 'people, place and technology' to align themselves with their prospective client groups. A great deal is the 'packaging' as you suggest, but also the manner of service delivery is different on the emphasis of one end or the other on the 'collaboration and community' development issues"
The big difference, as Frank so well put it, is that an executive suite is focused on "facility" while the coworking space is focused on "community" and generally a focused community such as high tech, web development, accounting or businesses with a common thread. Even those executive suites that have networking meeting on a regular basis are still not really a coworking space.
See the full discussion, including 42 comments, with leading industry experts at our OfficeFinder LinkedIn Discussion Group.Executive Suites , Flexible Workspace , Office Space
According to two reports, one by Cushman & Wakefield and the other by Marcus & Millichap, office space rental rates will begin to rise again by the end of 2011 or early 2012. The increase in office rental rates will not be across the board, but uneven throughout the country. Markets that will see the biggest increases in office rental rates are expected to be Washington DC, San Francisco and Midtown Manhattan. The reason; improving employment and limited new construction. According to Marcus & Millichap less than 20 million square feet of new supply is scheduled to come on line throughout the US in 2011. More confirmation that the bottom of the market is here. For tenants wanting to make sure they can take advantage of the low office rental rates, now is the time to either renew, renegotiate of relocate to get the best possible office rental rates. Contact us if you would like the assitance of a top local tenant rep. We'd be happy to help!
Manhattan Office Space , New York Office Space , Office Rental , Office Space , Office Space Negotiations , Office Vacancy Rate , San Francisco Office Space , Washington DC Office Space
According to a recent report by CB Richard Ellis, Canada's national office space vacancy rate is a healthy 9.3%, down from 10.1% a year earlier. That compared with the US office space vacancy rate of around 17% is a very healthy market. The big difference is in that the Canadian's have a Landlord controlled market, whereas the US is a Tenant's market.
First Quarter Vacancy rates in Major Canadian markets:
More on Office Vacancy RatesOffice Space , Office Vacancy Rate , Toronto Office Space