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Looking For Office Space? Outsource Your Search!

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One of the most stressful parts of starting your own business is finding the perfect place for your office.  You spend hours searching only to find that one location has what you need, but it's too expensive.  Another location has a great price, but it's missing many of the things you consider necessities to run a professional and efficient business.  If you're looking for office space, it makes sense to hand over your search to a qualified professional who can find you the building or office you need at a price you can afford.

Outsourcing is a trend that's catching on among many businesses all over the country.  It simply makes more sense to outsource many office duties (like website construction and transcription) because you'll end up saving money and being more productive.  The same is true for finding office space.  Your time is precious, and it's better-spent on taking care of the other details that go into running a successful business.  

When you outsource your office space search to OfficeFinder, you'll find a degree of professionalism you weren't expecting.  We have a vast network of experts who know how to find the property you need. They average over 12 years of experience. Using our services will give you the time you need to devote to things like hiring a qualified staff and making sure you have the right office equipment to keep your business strong.  

You're an expert in your field.  You're great at what you do.  Why not let us help you by offering the services of the professionals in our field to help your business find the right space? We are experts inour field! We'll work with you to get you the results you need.  

It will cost you nothing to try out our service and find out how it will work for you.

Contact us today to let us show you how we can help you find the office space you want for your business.

By: James Osgood

Office Space , Office Rental , Tenant Representation , Office Leasing Tips , OfficeFinder Members , Office Relocation

Demand for Office Space Limited

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According to a recent report from Reis, Inc, the office space vacancy rate is down only 50 basis points, to 17.1%, since peaking in 2010/2011 at 17.6% during the recession. This is due to sluggish job growth during the recovery. Unfortunately 2013 does not look as though we will see much improvement either. The job forecast shows that the jobs being created are in sectors that do not generally utilize very much office space such as construction, manufacturing, and healthcare. With all of the changes in how businesses are using office space, this could be the new norm for the office space market in the US.

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By: James Osgood

Office Space , Office Space Negotiations , Office Vacancy Rate

Keys to Maximizing Your Mobile Workforce

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More and more professional workers in all phases of business are working from home office spaces. Your business may already have mobile and virtual workers, but if you have not yet implemented this option, now would be a great time to consider doing so.

Mobile workers in home office spaces and third places are a rapidly growing trend. In the event of inability to physically commute to a brick and mortar office space for any reason, mobile employees can continue performing their functions. The recent damages from Hurricane Sandy are a prime example, but other events such as blizzards, earthquakes, tornadoes, power grid failures and other similar events can impact a business much harder if virtual office spaces are not already functioning.

The United States government recognized this fact and passed the Telework Enhancement Act of 2010. This legislation mandates that Federal agencies have in place strategies that permit their employees to perform their work remotely. By using alternative work processes during emergencies, work stoppages are minimized since mobile devices can have workers back at work as soon as power is available to operate computers and technological devices.

With a 41% increase in Americans working from home office spaces during the past decade, it is clear that business is finally embracing the alternative work methods of the mobile workforce. In fact, sometimes it is best to get away from work in the traditional office in order to get work done in a quieter, less hectic third place.

No longer should employers think of workers performing business outside the traditional office space as “telecommuters”. Today these workers represent a mobile workforce, going where business can most effectively be accomplished. For some time business professionals have stopped into third places such as coffee shops to conduct business but today companies are making these arrangements formal and acceptable.

There is a huge trend in office space rental to book a meeting space or work cubicle much like booking a hotel room. Entire businesses have become successful by providing the third places where a mobilized workforce can stop to conduct business meetings or have access to printers and copy machines.

The question in the minds of many business owners is “How do I create an effective mobile workforce?” Even with the obvious benefits of reduced overhead by reducing the square footage required when leasing office space, every business owner wants to ensure that going mobile or “moving into the cloud” does not impact productivity or profits. Here are a few simple keys to implementing an effective mobile workforce.

Touchdown Office Space: Sometimes a worker needs to come into an office physically but mobile workers don’t require assigned cubicles. Provide office space that is set up with current technology so that those workers that need to have an on-demand office. Hold meetings that require all company employees to attend at alternative sites such as hotel meetings spaces.  Provide touchdown office space in a traditional leased office or contract with a touchdown space provider if you don’t need a brick and mortar headquarters for your business.

Answering Service: It’s important that going mobile doesn’t impact the company image as a professional entity. Either assign the main office clerical staff to handle phone calls for all employees or contact with a professional answering service. Unless you must maintain a significant on-site staff because of the nature of your business, the answering service solution is a big money saving option.

Technology: Be sure to remain on the cutting edge of technology so the benefits of new devices and communication methods can benefit your business. Provide business-dedicated equipment to employees and upgrade it often. New software applications and improved mobile devices are important to creating a mobile workforce that can stay in touch in the most effective ways and hold virtual meetings as needed.

Outsource: Freelance workers are more available than ever as more and more people open small service industry businesses such as virtual assistant services, writing and editing services and data entry or translation services. Freelancers are professionals who have chosen to become part of the mobile workforce by providing a skilled service to multiple clients. This can provide your company with services on an as-needed basis, allowing the employee with other skills to do the work at which they are most effective.

Communicate: Stay in touch with your mobile workforce. Make it a policy to have daily updates emailed so you know what projects or deals are in work and the status of on-going projects. Hold staff meetings, but do it virtually by using one of the many effective online meeting applications. Update your staff members just as your work in traditional meetings by using email or conference phone calls.

Accept Alternative Work Styles: Let your employees work in whatever way suits them best and allows them to be most effective. Some people work best from their home office space while others prefer third place workspaces while between meetings with clients. Still others need to use the quiet of landing spaces for tedious tasks. Don’t expect every mobile worker to operate in the same manner. Look at productivity, sales or profit, whichever metric best suits your type of business and the mobile workers’ tasks. 

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By: James Osgood

Flexible Workspace , Home Office , Office Space , Office Space Design

Huge Increase in Work from Home in Past Decade

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In just 10 years the trend of working from office space inside a person’s home has soared by 41% according to CNN Money. Rising by four million since 1999, there are over 13 million people working from their homes in the United States alone based on US Census Bureau statistics recently reported.

 One of the drivers behind this huge surge is the fact that broadband internet access has become readily available and affordable. The economic difficulties of recent years have led to workers finding creative ways to make their desktop or laptop computers and other mobile devices generate income. Software applications which allow virtual meetings and voice over internet protocol communications to the entire globe at little or no cost have continued to make working from home even more practical.

While some support staff positions in business require physical presence of a wage earner at a specific office during specific time periods, many other professionals find that working from their home office space is as easy or easier than working in a traditional business location.

For start-up business enterprises, working from home cuts overhead vastly and allows the entrepreneur to start their business organization where many small businesses simply can not operate within their budgets if leasing an office space is required.

 It really doesn’t matter whether a person operates the business or works for an organization owned by another person, the ability to maintain and work from a home office space can be very appealing. In busy cities and rural areas alike, skipping a hectic commute and the reduced fuel and vehicle expense is one point that many state as the driver behind their desire to work from their home one or more days each week.

 Only a few years ago, employers were not very supportive of the idea of having an employee work from home. The fear that production and profit would suffer caused the home as virtual office space to be off to a slow beginning. As employers gave workers the chance to prove themselves in the virtual office world, employers were pleasantly surprised to learn that their businesses thrived as a result and employee satisfaction soared.

Virtual commuter working from home offices saved many business enterprises recently during the October 2012 Hurricane Sandy destruction and on-going recovery efforts. Awakening to find brick and mortar businesses flooded or otherwise damaged by the storm, those workers already set up for working from their home office spaces jumped right back into production as soon as power and internet services were restored. Other workers quickly set up a home office space for doing business. Some businesses that might have been forced to go out of business were saved and continue to generate jobs and profits for their local areas.

While those businesses with mobile workforces were tested during Hurricane Sandy, the impact of school closures and day care center outages allowed those businesses with cloud-based systems were among the most rapid enterprises to return to operation. As a result of the catastrophe, more and more businesses will recognize the benefits inherent to allowing employees to operate from home office spaces.

 Find out out Virtual Office Space or Small Office Alternatives for Home Based Businesses

By: James Osgood

Flexible Workspace , Office Space Design , Virtual Office Space

New Commercial Loans Expected to Increase in 2013

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In commercial real estate, financing is always an extremely important component of the game. Financing makes properties easier to buy, easier to sell, and the availability of good, solid financing definitely does its own part in helping to support commercial real estate property values.

With this in mind, in a report issued in November of this year, Deutsche Bank declared that it expects the issuance of Commercial Mortgage-Backed Securities (CMBS) to increase by a full 50% in 2013, totaling to approximately $60 billion in new loans that are expected to be issued within this arena.

For the commercial real estate industry, this is great news!

CMBS represent approximately 23% of all of the loans currently in place on commercial real estate within the United States. An increase of this amount in the issuance of these new securities would then represent the greatest total annual amount of CMBS-type loans that will be issued since the financial meltdown of 2008, which is a very good sign for the direction that commercial real estate is now heading in.

When lenders begin making financing more easily available to borrowers, more buyers will come into the market. As an example of this, when a property is available for sale for $1,000,000.00, but no financing is available to purchase it, the buyer then needs to come up with all cash out of their own pocket. This in itself will reduce the number of potential buyers for the property, as fewer people will be willing to now purchase the property for all cash.

But when available leverage begins to increase with more financing becoming available, and buyers are now able to purchase the property with let’s say 25% down, instead of having to come up with the entire $1,000,000.00 purchase price, more buyers will then become interested in buying the property. This then leads to the seller receiving multiple, competitive offers from more buyers, helping the seller to then obtain a higher price for their property. While at the same time, buyers end up purchasing and owning more properties that they would not have been able to purchase without the availability of this new financing.

In short, this greater availability of good financing is helpful to both buyers and sellers, and it helps to restore both liquidity and an ease in doing transactions within the marketplace again.

In their November report, Deutsche Bank commented on CMBS 3.0, the new program now being utilized to deliver CMBS to the commercial real estate community, by stating the following:

"In our view, it is nearly impossible to over-estimate just how important CMBS 3.0 is to the health of the commercial real estate market."

 In addition, there is more good news for the entire CMBS market. The vast majority of legacy CMBS loans maturing in 2013 should now be able to be refinanced. Deutsche Bank estimates that $34 billion of these loans will be refinanced, that approximately $5 billion of them will be extended, and that only $1 billion of these loans will have to be liquidated. This is a substantial improvement over the current year where only about $1 billion worth of these loans were refinanced, $500 million worth of them were extended, and approximately $4 billion in value were liquidated.

CMBS-type loans have grown to become an important component within the overall availability of financing in commercial real estate. With the way that good financing has been tougher to obtain for commercial properties within recent years, it’s exciting to see that this segment of the market is now poised to expand significantly in 2013.

This is a guest post from one of our OfficeFinder Memebrs in the Atlanta area. Contact the Author


Investment Real Estate , Office Space