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Entries Tagged as 'Office Space'

Wikipedia on "Executive Suite" definition

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I made a short presentation yesterday for our Office  Business Center Association International (OBCAI) Local Member Network on Social Media and how to get started. It was an overview and among the sites I visited was Wikipedia. As I am sure most of you know, "Wikipedia is a free encyclopedia, written collaboratively by its readers. It is a special type of website designed to make collaboration easy, called a wiki." Since this was a group of executive suite operators, I thought  it would be interesting to look up the definition of "Executive Suite" according to Wikipedia.  Here is what I found:

"Executive Suite is a 1954 MGM drama film depicting the transfer of power in a corporation in trouble." No mention of a form of office space.

Needless to say, the industry has some work to do in improving name recognition. Is it an Executive Suite or a Service Office, an Office Business Center or a Ready to use Office? Actually, it is all of the above, but the public needs more constancy, especially in the age of Internet searches.  What are they going to be looking for and how do providers make sure they get found?

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Executive Suites , Office Space

Best Restaurants for a Business Lunch Press Release

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Seattle, Wa, September 9, 2009 – OfficeFinder, one of the leading on-line resources for assistance and information on locating office space, has recently expanded their website to provide information and links to the best restaurants to have a business lunch. OfficeFinder is a network of professionals who assist businesses in finding and negotiating for office space throughout the US, Canada, UK and many international markets.  These local professionals, nearly 1,000 strong, have taken part in recommending restaurants that are the best in which to have a business lunch. The criteria are good food, good service and an ambiance that allows business to be done. The restaurants are listed by submarket and are no more than a 20 minute drive from that market. A map of the locations is imbedded for each market. Access to the “Best Restaurants to have a Business Lunch” is available through the  “OfficeFinder Local” site is located at www.officefinder.com/Local,   which also provides subsections with relevant office space information and resources for each of over 550 markets in the following categories:

  • Office Space for Lease
  • Office Space for Rent
  • Office Space for Sale
  • Executive Suites
  • Virtual Office Space
  • Office Space Services

James Osgood, Founder and President of OfficeFinder, LLC states “Very often business people struggle over where to meet and have a productive business lunch. We thought this would be a good service to provide our visitors and to further demonstrate our local knowledge. We may be an international company, but we are local-centric with high quality boots on the ground. With our large base of nearly 1,000  local office leasing and sales professionals in our network, we were3 able to get off to a good start with over 300 restaurants included.”

About OfficeFinder

OfficeFinder is one of the largest networks of highly qualified experts in office tenant representation working locally in over 550 markets - both large and small.  OfficeFinder’s member’s average over 12 years of experience and most have earned professional designations related to assisting office tenants.

In addition, for smaller space requirements or short term needs, OfficeFinder also has a network of Executive Suite (shared offices) Members with over 2,000 locations who can provide immediate access to furnished, wired and staffed offices, team rooms or virtual offices on a flexible basis.

OfficeFinder’s mission is to “Help visitors get the right office space at the right price without a hassle.”

The website is located at www.officefinder.com.

The OfficeFinder Blog is located at blog.officefinder.com.

 

Best Restaurants , Office Space

Decorating Your Office Space Economically

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You’ve found the perfect office space for lease. It’s in the location you want, it’s the size you need and it has all the basics. But what it’s lacking is personality. Unfortunately, you have a limited start-up budget and that doesn’t include a high-priced decorator.

Not to worry! You can economically spruce up your office space for much less than you might imagine. Here, we’ll look at some great ways to save money and get your office looking like a million bucks!

1. Paint the Walls and Trim
Unless your landlord is against you painting, why not start your decorating by painting the walls (or at least the molding, door frames, window sills, etc.)? Just head down to your nearest home improvement “big box” store and nose around the paint department.
Don’t be shy, though – ask if they have any leftover cans of paint that weren’t purchased by consumers. (Many times, people decide at the last minute they don’t want a color; therefore, the can is immediately put on a clearance rack. There’s nothing wrong with it – it’s just less expensive and may not be the color you originally thought you’d use!) This can save tons of cash.

2. Buy Throw Rugs
Sure, you might not want to pay for wall-to-wall carpeting, but you can always purchase a couple of inexpensive (but attractive) throw rugs. Even if your office space already has carpeting, a throw rug here or there will add a needed splash of color and texture to your new surroundings.

3. Look on the Internet for Unique Office Furniture
Many people give away for free or reduced rates unique furniture that could be ideal for your office space. Consider investing in an older desk or unmatched (but interesting) chairs. One caveat, though – don’t be turned off just because a wooden table has a nick or stain. With some sanding and a little varnish, you can most likely turn it into a beautiful antique!

4. Haunt the Dollar Store
Now, your local dollar store may often carry items that are, at best, “kitschy”, but that doesn’t mean there won’t be occasional “scores”. Once a week, check out the dollar store items. Sometimes, office furniture and accessory manufacturers sell items to dollar stores that are amazing – and you can get them for next-to-nothing.
Ten or twenty dollars could net you some in-boxes, pencil holders, calendars, white boards and more. Again, your office space will look like you spent a great deal of time and money on it… but you’ll know that you didn’t have to do so.

5. Frame Some Pictures
Although you probably won’t want to decorate your office space walls with family pictures, there’s nothing wrong with framing those pictures you took of the ocean or the woods during your last vacation. Not only will they look attractive, but they’ll make nice conversation pieces. And don’t worry if you’re not the world’s best photographer; most people won’t even notice the composition of the pictures. They’ll simply be riveted by what the pictures represent.

Never forget that you control how your office space for lease looks! Even if you can’t paint or carpet, there are numerous ways to make your home-away-from-home pleasant for you, your colleagues and your clients.

For more information, visit www.OfficeFinder.com.

Office Space , Office Space Design

Rent or Own Office Space? How To Decide

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From NFIB - the Vocie of small business
One of the toughest decisions for an independent business is whether to lease or buy office space. "You have to do a thorough financial analysis, taking present values into account and the cost differentials [between leasing and buying]," says Jim Osgood, whose company, OfficeFinder LLC, is a web-based office space referral and information network.

Owners should think about cash flow, future expenses, management costs and more. To help make an educated choice on which path is best, consider these pros and cons of leasing versus buying office space.

Leasing Advantages:

  • Leasing requires a smaller up-front cash outlay—typically the first and last months' rent—and  frees up working capital.
  • Renting provides flexibility: If your company is growing, leasing puts fewer constraints on the firm.
  • Monthly lease payments are typically fully tax-deductible as a business expense.
  • Renting in a high-image area is usually more affordable than buying in a prime location.
  • Owners are free to run their businesses rather than manage properties.
  • There's a short lead-time to move in.
  • Maintenance, repairs and modifications are often negotiable with landlords.

Leasing Disadvantages:

  • Costs are variable: The market dictates what you'll pay for rent over time.
  • Rental properties do no accrue equity value.
  • Landlords may limit expansions and modifications.

Buying Advantages:

  • Well-selected properties should appreciate in value over time, allowing owners to sell out and fund their retirements.
  • Costs are predictable, particularly with a long-term, fixed-rate mortgage.
  • Businesses can take depreciation on the improvement portions of their property.
  • Companies can usually deduct interest payments on their tax filings.
  • Owners can rent out extra office space as an added source of income.
  • Businesses can make changes or additions to the property without obtaining permission, if zoning ordinances permit.

Buying Disadvantages:

  • The outlay of cash is significant, with down payments ranging from 10 to 25% of the total price. Would your return on that money be greater if you invested it back into the business or made other investments?
  • There may be a long lead-time to take possession because of real estate closing procedures.
  • Managing office space is time-consuming. Owners are responsible for all maintenance and repairs.
  • If the property becomes inadequate because of growth or other factors, the company may be forced to sell.
  • If cash flow becomes a priority, it may take a while to sell the property.
Buying Office Space , Office Space , Office Space Negotiations

How to Find Office Space Quickly

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You’re an entrepreneur who’s excited to start up your business. However, although it’s tempting to work from home, you realize you want a corporate location that doesn’t include kids’ toys and a laundry room. But where can you find office space for lease quickly and easily?

Ironically, finding office space is as easy as heading to your computer! In the age of the Internet, small business people like you can locate office space all over the world with just a few strokes of the keyboard. Of course, you first have to make a few decisions in order to expedite your office space finding experience:

1. Determine where you want to work.
Are you going to look for office space in your hometown or are you willing to commute to a neighboring city? It’s important to think about what type of work you do when considering this. For instance, if you’re going to host many clients at your office space locale, you’ll want to pick a place that’s convenient for them (rather than convenient for you.) If you’re not planning on having many on-site client meetings, a more out-of-the-way office space may be acceptable.

2. Figure out how much office space you need.
Will 200 square feet be enough for you? How about 500 square feet? Or do you need much more? If you’re not certain what such a space looks like, it’s easy to map it out at home. Just pick a rectangular-sized room and measure the walls in feet. Then, multiple the long side by shorter side. Thus, a 12 foot by 10 foot living room would be 120 square feet.

3. Decide if you want to share an office space with someone else.
If you’re not in competing businesses, sharing office space can make a great deal of economic sense, especially for entrepreneurs. For example, you could potentially purchase a larger office space than either of you could afford individually as well as share the costs such as heating and electric. Additionally, you might be able to eventually share a receptionist.

4. Determine what kind of office building in which you’d like to work.
Are you the type of person who likes to work in a corporate office space? Then you’d probably do well in a large building that was built specifically for commercial offices. On the other hand, if you’re looking to have a “homier” atmosphere for your business, you may want to seek out a nontraditional office space, such as one that’s part of what used to be a Victorian home or a red brick schoolhouse.

5. Figure out what your budget is.
Finally, before you start looking for office space, you’ll need to figure out how much you can reasonably afford. It’s always a good idea to take this step before ever jumping on the web to look for a location for your business. That way, you won’t be tempted to incur more debt than you can actually afford.

Remember – if you need an office space, it’s as easy to find as your keyboard and mouse!
For more information, visit www.OfficeFinder.com.

Office Rental , Office Space , Tenant Representation