Monthly Archives: March 2017

Four Reasons Why You Should Consider Coworking Office Space

coworking office spaceOffice space is changing. While many companies still lease a traditional office with cubicles and a corner office for the boss, more and more businesses are choosing coworking office space instead. What is coworking office space? Most simply put, it is an office environment shared by several companies.  Here are four reasons why you should consider it for your business.

Employees Can Work When They Want

Many younger office professionals would like to work hours other than the traditional nine to five.  A coworking office space environment facilitates a flexible workplace. Workers can set their own schedules and choose times when they feel most productive.

Networking Becomes Easier

Dozens of businesses usually work in the same coworking office space, creating all sorts of networking opportunities. Good coworking companies actually facilitate networking through promoting their “Member” to other businesses within their properties. Many have weekly networking parties to facilitate a relaxed networking opportunity. Many company owners in these environments report finding an accountant, a lawyer, a web designer and other professionals just a few feet away. The opposite works, too, since coworking spaces are full of potential clients.

Coworking Spaces are Fully Furnished

Leasing a traditional office space means installing phone lines, assembling furniture, dragging equipment in and more. All that hassle is a thing of the past with a coworking office space because it comes fully furnished and completely equipped with conference rooms, chairs, desks, internet access, printers, etc. Everything needed to run a professional office is already there. All you need to bring is your computer.

Coworking Office Space Saves Money

Renting a traditional office space is expensive and means committing to a long-term lease.  In a coworking office environment, businesses effectively share costs, and leases have shorter terms. Many coworking spaces also include free perks, like coffee, tea and snacks. Some even offer free beer!

The American workforce is changing, and office space is changing with it. If you are ready to save money, enhance productivity and increase networking opportunities, then it is time to consider a coworking office environment. Contact us today to see how we can help.

Want to take a look around a Coworking office space. Here is a 360° HD Virtual Tour of the WeWork office space in Seattle’s hot South Lake Union Area aka Amazonia.


Click Here to view in full screen (recommended)

See More OfficeFinder Virtual Tours in Seattle

Virtual Tour Benefits for Office Space Providers

360 office space virtual tourWe have a lot of blog posts about the benefits of virtual tours for office tenants who are looking to find office space. The type of virtual tour we are talking about are not videos, but totally interactive 360° x 180° high definition panoramic photography. The stuff that makes you feel like you are really there; that gets a WOW out of you when you see it.

Here is what tenants looking for office space like about virtual tours:

  1. Virtual tours save a considerable amount of time since you, tenants, can short list the most viable alternatives without having to visit the ones that clearly won’t work.
  2. You can look at them whenever and however often you want.
  3. If you are out of town looking for space, virtual tours will give you a better idea of what is available in the market without multiple trips and expense.
  4. You can share the virtual tour with others to get their opinions without making them visit the space in person.
  5. They are desktop computer, tablet of mobile device compatible.
  6. They are fun, especially if you have VR headgear.

But what about providers of office space such as executive suites, coworking spaces or even conventional office space?

Why should providers of office space want to have a virtual tour?

First of all tenants like them for the reasons given above. You’d think that would be enough, especially since they are relatively inexpensive, but there is more.

Your website will be enhanced. Virtual tours are easy to add and won’t slow down your website. With a custom virtual tour the images are pixilized. Each scene is divided up into multiple smaller images that appear as needed so that they will load quickly. As alternative, you can also embed a Google virtual tour. Those images are stored on Google and load quickly too. I will show you the comparison of the two at the bottom of this post.

A virtual tour that is published on Google Maps, powered by their Street View technology, will help your search engine positioning and expose your property to more prospective tenants. You will have more eyes on your property and more visitors to your website. After all. Google is the number one Business-to-Business search engine by far.

How much do they cost?

The base cost is $550.00 which includes up to 10 “scenes.” That is plenty to provide prospective tenants the “flavor” of your space.

It includes all photography and both the Google version and a custom versions similar to the one below. The price may vary by market subject to photographer availability. We only use “Google Trusted Photographers” to ensure the high quality work that has allowed them to earn the designation.

As “Google Trusted Photographers” ourselves we have hundreds of approved panoramas posted on Google Maps.

Google Trusted Photographer

Here is what Google has to say about it:

  • When searching for businesses, consumers use mapping products 44% of the time.
  • On average, 41% of these place searches result in an on-site visit.
  • Listings with photos and a virtual tour are twice as likely to generate interest

Even more reasons:

Your Google business listing is your company’s most visible asset. Improve your presence with a Google Street View virtual tour.

When a prospective tenant searches for you, they will find you on Google Maps. Make sure that their first encounter is a great one with a WOW factor.

Real Examples of the Same Virtual Tour

The Virtual tours below are the same tour with the same 360° x 180° panoramas, but the first is from Google Maps and embedded here, while the second is on the OfficeFinder website. Both are better viewed in full screen.

Google Maps Version


Click the icon in the upper right to view full screen

Custom OfficeFinder Version


Click Here to view in full screen (recommended)

Want to learn more about getting a virtual tour for your property?

Call us at 425-391-8900 or Visit OfficeFinder Virtual Tours

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Hidden Costs of an DIY Office Lease Renewal

No Mistakes office lease renewalSo, you are getting near the end of your office lease and considering your options. One of those is to move to a new office location, but that is a lot of work and your current space fits you well. The other option is doing an office lease renewal at your current office lease. Many tenants thin that they can save money doing it themselves. We have found that office tenants typically make two major mistakes when renewal time comes around.

Common Office Lease Renewal Mistakes

The first is folding your cards by asking your landlord for a renewal proposal. By doing this you are indicating two things to your landlord, the first being that you are only considering a renewal and not exploring any competing space and the second is that you have not sought the assistance of a professional tenant representative to educate you on the market. Once a landlord thinks that you are committed to staying and will be going through the renewal process unrepresented, he can and will most likely make you an offer that is not in line with market rates and terms. Both of these pieces of leverage for the landlord can be eliminated by engaging a tenant representative specializing in commercial real estate. While a landlord may tell you this will raise the rental rate, this is simply incorrect, as brokerage fees are already factored into the lease rates and agreed to in advance with the landlords listing broker. Additionally, just letting your landlord know that you have retained representation tells him to
put his best foot forward or risk losing you as a tenant.

The second common mistake made by tenants, is not allowing enough time for the relocation/renewal process as a whole. Leaving too short of a time puts the advantage in the landlord’s hands, as your landlord will realize that you don’t have the time you need to relocate if you don’t like your renewal proposal. Tenants occupying less than 10,000 square feet should begin the process no less than one year out, for spaces larger than 10,000 square feet, up to two years of planning may be required.

You Don’t Need a Tenant Rep for an Office Lease  Renewal?

Here are some reasons why you may think you don’t need to engage a commercial real estate professional to represent you in your lease renewal:

“My landlord offered me a $.50 reduction in my lease rate”
While that sounds nice, it is actually quite common for market rates to drop more than the lease rate reduction offer by your landlord.

“My landlord is giving me a great lease rate; I spoke with my neighbor and someone in another building to confirm this”
Whether someone is getting a market deal is not only dependent upon the rate, there are a number of variables that contribute to getting a “market deal”. If you can’t answer the following questions, then you have left the door open for the landlord to take advantage:

  • What tenant improvement allowance should you be receiving on a
    lease renewal?
  • Do you know how much free-rent you should be receiving on a lease
    renewal?
  • What should be negotiated on your lease renewal relative to the
    operating expense costs?
  • What is fair for a tenant, in the current office market, with regards to
    parking charges, holdover provisions, relocation clauses, options to
    renew, and your ability to sublease?

You would never go to court without your attorney or through an IRS audit without your accountant. Why would your company want to make one of its top 3 financial commitments without having proper market knowledge and guidance? Especially when you can have it at
no cost to your company! Whatever you do, even if it isn’t us, make sure you choose and retain a commercial real estate tenant representative to represent you in your office lease decisions.

A guest blog post by our Local Denver Rep.

More office leasing tips

If you want to avoid making these mistakes, we can help with our network of local office tenant representatives, Contact us today for assistance. No obligation for our No Cost Service.

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3 Tips To Maintain Your Company Culture in a Coworking Office Space

coworking office spaceOne of the best parts of coworking office space for small businesses is the ability to interact with, and get inspired by, other entrepreneurs working with them side by side. Seeing other businesses work hard is motivating and energizing.

However, being in a coworking office space also makes it harder to create and maintain a unique company culture. Coworking spaces have the same space and group activities for everyone, causing a more homogeneous environment.

3 Tips to make your business identity unique

  • Decorate your office. If your team rents designated desks or your own enclosed space, decorate your area like you would in any company office space. Put a sign with the company logo at both ends of your designated space, and print our company cultural pieces. Create bumper stickers and encourage your employees to put them on their desks. Don’t have a specific space? You can still make office swag, like company t-shirts, pens, and laptop stickers, and create a culture where team members use and wear them regularly.
  • Develop a cultural language that only your staff uses. Companies all over the world create an inclusive company culture through specific slogans, movements, and chants. Develop a motto that your employees can chat, sing, or dance together at least once a week to start the day. Use the motto regularly in conversations and emails with your employees. Politely ask other members of the coworking space not to join in.
  • Occasionally leave the coworking space. Periodically, your staff should meet together in a separate space than the coworking area. This can be as simple as lunch meetings once a week, or involve occasionally renting off-site space for a training specific to your company. Use these times to bond as a group and reinforce your specific vision and motto.

If you’re looking for the perfect coworking office space, contact us. We have extensive experience finding the office space for clients like you, and a high-volume referral network.

Want to take a tour of a Coworking Office Space that rocks? Here is the WeWork space in the Westlake Tower in Seattle. It is in the heart of Seattle taking up 2 floors in the high rise with one more coming on line soon.


Click Here to view in full screen (recommended)

See More OfficeFinder Virtual Tours in Seattle

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Does Remote Working Satisfy Employees or Alienate Them?

Remote workingThere has been a lot of debate over the years related to remote working by employees. Much of it has been centered around productivity form the business’ point of view. A recent survey by Coldwell Banker Commercial Affiliates on remote working comes at it from the employee point of view. It shows some interesting concerns. While remote working does offer increased flexibility to employees, less commute time and more control, the survey found that 45% of U.S. workers  and 55% of Millennials would rather work in an office than remotely. The survey found that there are 3 main factors employees are looking for:

  1. Face Time with Colleagues – A quarter of respondents report negative feelings while working from home, including feeling less a part of their team. It is more difficult to collaborate or develop relationships with fellow workers without a central office.
  2. Privacy – 70% of U.S. Adults – and a whopping three-quarters of Millennials – would feel more comfortable working in an open floor plan if there were private spaces available to them. This is one of the fundamental design factors in today’s coworking office design.
  3. Convenience – Most U.S. workers – and nearly two-thirds of Millennials (62%) – would prefer to work in an office that was in or near a shopping center over one that wasn’t. Which is one of the drivers of the return to the downtown markets from the suburbs especially for companies that have a high percentage of millennial workers. In other words, the tech giants.

This does not necessarily mean that businesses should end remote working, but it does evidence the need to have more flexibility. It does not need to be an all or nothing decision. Essentially employees like a base station to be able to use on an as needed bases. Done right this will enable those who are more comfortable working in an office to do so, but still allow the flexibility to work wherever they feel they can be most productive. It sounds like an agile workplace because it is. It also sounds like a Coworking office space and is that too.

If you would like some help in finding office space, that is what we do with our network of local brokers throughout the US, Canada and many other countries. Contact us today to find out how we can help; typically at no cost to you.

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