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OfficeFinder's Guide to Office Furniture

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Advances in technology and increased feature sets have made the process of selecting office furniture for your business a much more complicated and difficult task than it has ever been before. Your office furniture will be one of the first things visitors notice that helps to develop their perception of your company, so you want it to look as good as your budget will possibly allow.

Also your employees rely on their office furniture to support them in their daily tasks. By selecting good quality office furniture that looks good and fits ergonomically, you are promoting happier, healthier employees who can do their jobs more efficiently. That ultimately may translate into more profits for your business.

Office furniture comes in all shapes and sizes, for all different uses. Your options for office furniture range from inexpensive stacking chairs to systems furniture costing thousands of dollars. Should you select high-end ergonomic desks and chairs for your employees, or would systems furniture (cubicles) be a better option? Should you spring for a fancy, solid wood conference room table, or would a laminate model be a better way to go?

Some of these questions will be answered in part by the information gathered in your space plan, and from your employees. Others will be determined by closely consulting with your office furniture provider. This Guide to Office Furniture is designed to provide you with the information you need to help select the right office furniture provider for your business.

Guide to Office Furniture (PDF)

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Regus 2010 Earnings Down 67%; Stock Price Up 15.6%

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Regus (RGU.L), the world's largest provider of executive suites and flexible workspaces, announces today its 2010 annual result. 

EBIT was down by 67% from 2009. Their cash position is still strong at £191.5m (USD $117.7m) down from 2009 levels of £237.0m. A dividend increase of 8% was also announced. Despite the lowered earnings, they were within the range of analysts expectations. Regus's stock price was up 15.6% on this news as of 11:17AM EDT.

Mark Dixon, Chairman of Regus stated "In the year to 31 December 2010, we added 20,122 workstations an increase of 13% on 2009 for a total investment of £69.7 million. Approximately half of this growth came from acquisitions in markets such as Brazil, China, UK and USA.  We will continue to explore such opportunities as we look to strengthen our market position and deliver on our strategy."

"In terms of outlook we remain cautious on the economy, however we have been encouraged by recent positive trends that reflect the continued strategic delivery of our initiatives. In 2011 we are well positioned for a year of solid revenue growth and business improvement with continuing strong underlying cash flow generation."

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Executive Suites , Flexible Workspace , Office Rental , Office Space , Serviced Office Space

Report: Office Space in Paradise (Honolulu)

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Thinking about moving to a warmer climate? Here is what our Hawaii Local OfficeFinder Member tells us about the Honolulu Office Space Market:

The Honolulu office market ended 2010 by continuing its occupancy slide. Nine of the last ten quarters have seen negative absorption. The 4th quarter saw 61,382 square feet of negative absorption bringing the 2010 total to negative 216,997 square feet. Vacancy increased to 12.1% vacant, 0.6% higher than the previous quarter and 1.9% higher than the same time in 2009. The islandwide average asking full service gross rent increased $0.03 during the quarter to $2.99/sf/mth. Operating expenses, which are included in the gross rent figure, decreased by $0.02 to $1.26/sf/mth. Asking base rent increased by $0.05/sf/mth during Honolulu CBD Class A Office Snapshot - 4th Quarter, 2010 the quarter, however the spread between asking and taking base rents is larger than in recent memory.

Weak Job Growth and Limited Tenant Demand
Although job growth turned positive in the 3rd quarter of 2010, it is forecast to remain weak through 2011. Because of a relentless push to reduce costs including rent, most businesses are putting more people in fewer square feet. The result is that the market needs slight job growth to offset this effect.

A 12% vacancy rate is a lot better than many other office markets!

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Wall Street Office Space Rents 18% Lower than Manhattan's Average

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According to a study by Studley Inc, asking rents for buildings at the one-time mecca of global finance have fallen to among the lowest in Manhattan after ranking as some of the priciest as recently as 2008. Wall Street landlords are seeking rates about 18% less than the city average, hurt by years of exodus by financial firms looking for bigger, more modern offices.

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The Evolution of the World Trade Center To Its Finish

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Here is a facinating short video of how the construction of the World Trade Center in Manhattan will progress.

Manhattan Office Space , New York Office Space , Video