Category Archives: Office Space Market information

Effect of the Coronavirus On the Office Market

What Is the Coronavirus?

Most everyone know that the actual pathogen behind the Coronavirus impacting society is known as COVID-19. Unfortunately, the virus can spread fast and can have a serious impact on older adults or individuals with a compromised immune system. Symptoms of the coronavirus include:

coughing
fever
shortness of breath
runny nose
sore throat

More severe cases of COVID-19 include pneumonia or difficulties breathing. Individuals with asthma or heart disease are more likely to experience severe symptoms.

Has The Coronavirus Impacted The Office?

State officials have declared a state of emergency with California and New York leading the forefront. The real estate market has stalled, Americans are being quarantined, the stock market is falling, and there’s no definitive answer on how the virus will have an impact on society.

For the office market, there’s a deep sense of uncertainty permeating the industry. The office setting has felt the impact of the coronavirus in real-time. To limit the spread of the virus, many offices are reducing the number of employees by requiring their staff to work from home. Limiting the use of office space, reduces a gathering of people that can initiate the spread of the virus. Limited use of the office has had a direct negative impact on the office market.

In fact, a travel ban has made it nearly impossible for real estate professionals to close on an office deal. Most buyers want to see the office space before they sign on the dotted line, but the coronavirus is placing restraints on buyers and sellers with international travelers buying U.S. real estate taking a hit. In fact, a reluctance to travel is also hindering the office market.

As An Office Realtor, Should I Be Alarmed?

Real estate is a tangible asset and a very hands-on industry. Smart realtors should be aware of the impact the coronavirus can have on their office real estate, but it’s certainly not a time to throw in the towel. Making use of modern technology, like virtual tours, can help in keeping your business moving forward.

How To Stay Ahead Despite The Coronavirus

Our members have told us that quite a few office deals have managed to follow through despite the coronavirus. However, if your business wants to stay ahead, it’s imperative to stay connected with buyers and tenants who maybe interested in doing business once the coronavirus stabilizes. A sense of urgency to close on a deal is the worst strategy a real estate professional can use during a pandemic.

Follow-up with potential real estate clients as the news of the virus starts to develop. Try following up with your clients in a few weeks to reassure them the deal is still available. For instance, send an update on the virus to show empathy for the state of emergency and as an update on the area of real estate your client is interested in.

As an ally, let technology work for you. For example, offer your clients a high end virtual tour of your property, like the ones we have on OfficeFinder. A virtual tour allows your clients to see your property without meeting face-to-face from anywhere in the world using a PC, tablet, or smartphone, which reduces the threat of the spread of the coronavirus. Encourage a virtual tour as a way to combat the virus, but also as a strategy to keep your office space top-of-the-mind.

What The Experts Are Saying About The Office Market Industry

There’s no guarantee on the impact of the coronavirus on the office market specifically and the real estate market in general. The experts are saying; “it’s to early to predict the impact the virus will have on real estate.”

However, investors are predicting international buyers like China will seek to invest in real estate in the United States as their real estate and foreign market starts to falter due to the coronavirus. The United States real estate market will be attractive to foreign investors because the virus has had very little impact on the American people.

Realistically, if the United States is hit hard by the coronavirus, the commercial real estate market will take a hard hit. Thus, being prepared for a worse case scenario is wise, but there’s no need for the real estate industry to panic.

How Can Professional Assistance Help

Our professional have experience with the local and international office market. You can expect an expert to have knowledge of the latest real estate news to save your business time and money. In fact, during the uncertainty of the office market, a professional can help you spruce up your real estate portfolio or fine tune your lease in preparation for the stabilization of the virus. The coronavirus doesn’t have to cripple your real estate business.

For more details or if you just need some professonal advice for free related to the impact of the coronavirus on your business, contact us at OfficeFinder for more details. We are happey to help however we can.

Diverse San Francisco Office Space: The Salesforce Tower

San Francisco continues to be a compatible city for business and technology. Whether it’s the beauty of the Golden Gate Bridge, the history of Alcatraz, or the mystic of Union Square, San Francisco is full of cultural diversity. The Salesforce Tower also has a rich history in San Francisco. Here is a bit of history and a discussion of the future of the Salesforce Tower while taking you on a tour of the inside by continuing to read more details below.

Salesforce Tower: Background

The Salesforce Tower was formerly known as the Transbay Transit Center. The tower opened in 2018 and for over 15 years as of 2017, had a lease value of $1 billion in the United States. The Salesforce Tower is the tallest skyscraper in San Francisco and continues to tower over other skyscrapers in the area by 200 feet. Salesforce began to move 800 employees into the massive tower in January of 2018, as their anchor tenant (also adding 167,000 square feet). Let’s take a look at who is behind its creative design.

A Look At The Salesforce Tower Builders

The Salesforce Tower was designed by Pelli Clarke Pelli Architects. The tower was built with state-of-the-art security, safety, and sustainability in mind. Built as a landmark for the San Francisco skyline, the Salesforce Tower stands over 1,070 feet tall. It proudly boasts having 61 stories and it takes 40 seconds to get to the top of the tower by elevator. This was to be the last designed work of Casear Pelli, to be accomplished in his lifetime.

Located on 415 Mission Street Fremont and First Street, is a mixed-used building. The groundbreaking structure is connected to great restaurants, retail shops, and San Francisco’s business district.

OfficeFinder would like to invite you to take a look inside the Salesforce Tower by visiting the website below.

Take a tour of the Salesforce Tower:

http://www.salesforcetower.com/

Salesforce Tower Attractions

The Ohana Floor of the Salesforce Tower is a hangout for employees and their families, but is also used for executive and board members. In fact, the Salesforce Tower is open FREE to nonprofits that want to hold board meetings or special events. To date, there has been 146 nonprofits to do so. The top two floors house 25,000 live plants. Elizabeth Pinkham, Salesforce Vice President, dominates the 61st story. However, the Salesforce Tower boasts there’s plenty of room for leasing opportunities and they welcome new residents.

I Heard Nearby Businesses Are Sinking! What Can I Expect?

The Millennium Tower was fine until 2010, when construction on the Salesforce Tower began. Today, the Millennium Tower, luxury condominiums have suck 17 inches and tilted 14 inches since it opened in 2009. The construction of the tower was proposed in 2002, and construction began approximately 3 years later. Designed by Handel Architects, they’re also credited for the World Trade Center Memorial in Lower Manhattan. At the time of its construction, the skyscraper was the first to be built in downtown San Francisco in two decades. The high-rise is missing the 13th and 44th floor due to developers superstition.

According to the San Francisco Chronicle, a $100 million dollar plan underway to address the issue.

The building sinking has generated concerns for the safety of the tenants. The weakened structure has caused people to question their home values, questions of fraud, and several other legal battles have also surfaced. A giant fissure on the 36th floor, mysterious odors, bubbling floors, and cracked walls are other complaints that residents have made about the Millennium Tower.

Developers have not determined the cause for the sinking or the titling of the tower. However, the developers insist the structure is sound and residents and nearby neighbors have nothing to worry about. There continues to be mounting apprehension about the buildings future. Moreover, in the first five weeks of opening, the tower sold $100 million worth of condos, with the units ranging from $1.6 million to $10 million respectively.

In recent news, the Guardian has reported, there has been a settlement reached for the sinking of the Millennium Tower. “The litigation proposed a lot of problems in the deployment of this particular building.” Residents of the Salesforce Tower have nothing to worry about according to further reports. There has been no disclosure on the amount of the proposed settlement. However, building owners have filed for lower taxes because the projected rates of the value of the condos have been drastically reduced.

Recent News About The Salesforce Tower

According to, Florida News, there has been two cracked windows discovered in the Salesforce Tower on the 12th and 14th floor. No cause for alarm has been indicated because both of the cracked windows have been found on the inside and preparations are being made to have them fixed immediately.

Why The Salesforce Tower Is The Perfect Leasing Opportunity For Your Business

The Salesforce Tower is connected to reputed restaurants and the heart of the business district of San Francisco. They house 11 transit systems, which makes it very easy to do business and its connected to major locations across the city. In fact, residents now have access to amphitheaters, children’s play area, and cafes in the Salesforce Tower. More importantly, the building was designed to withstand earthquakes for additional safety precautions. You can enjoy a clear view of the picturesque locations of the city and its surroundings by leasing office space in the Salesforce Tower.

The towering structure was built with a vertical facet and pearlescent metal accents, which lends to the view of the city for residents and visitors alike. There is also a three-floor underground parking garage for employees of the Salesforce team and their clients. There are social lounges on each floor that also includes a kitchen island with snacks and beverages. The original design artist Shinji Murakami;s work is proudly displayed on each floor.

If you’re interested in leasing space with the Salesforce Tower, you’re encouraged to contact us at OfficeFinder, LLC to discuss more details about their luxury rentals today!

Links to San Francisco Office Space Markets

Philadelphia Office Space: Discover What The Comcast Center Campus Has to Offer

Philadelphia office space at comcast campus The spectacular Comcast Center Campus (CC Campus) brings life to the very heart of Philadelphia. Located off of 17th and JFK Boulevard, Comcast Center Campus brings you the beauty of the arts, luxury accommodations, and mystic from one central location. If you’re a local or a tourist keep reading more details about the Comcast Center Campus and why it’s a wonderful place to visit, but also one of Philadelphia’s top attraction.

The Comcast Center Campus consist of two skyscrapers. The Comcast Center was completed in 2008 and consists of 1.24 million square feet of rentable space in its 58 stories. Its partner, the 60 story Comcast Technology Center was completed in 2018 and has 1.566 million square feet of rentable space. Both among the tallest buildings in the US.

Explore The Rich Diversity Of Philadelphia’s Comcast Campus Center

Stand Alone Location

As some of the largest skyscrapers in the United States, the Comcast Center Campus also stands as the tallest buildings in Philadelphia. With 58 and 60 stories, you can’t miss the panoramic view of the city. The 58-story Comcast Center was proudly designed by A.M. Stern Associates. The 60-story Comcast Technology Center was wonderfully crafted by architect Lord Norman Foster and Foster + Partners, and debuted in 2018.

The Comcast Center is LEED Gold certified and the Comcast Technology Center is soon to follow. Both stories were designed with sustainability in mind.

Breathtaking Lobby Area

The lobby is the first area of the Comcast Center Campus that will capture your attention and is known as the the Comcast Experience. Their impressive video wall is featured in the lobby with 10 million pixels and over 2,100 square-foot screen. As one of the world’s largest video walls, guests can enjoy a 4-millimeter continuous video wall. The public can enjoy free year-round programming with no ticket required. Residents have any opportunity to also enjoy the lobby during the holidays for the seasonal Comcast Holiday Spectacular. The event has phenomenally attracted over 2 million residents and tourist since 2008.

The Vernick Coffee Bar-Food And Drink

A partnership between James Beard, Award-winner Greg Vernick, and the Four Seasons presents the all-day brasserie on the upper-level of the Comcast Technology Center. The Vernick features a takeaway bakery and barista counter including a 40-seat cafe that offers full service. While one of Philly’s chefs offers a global combination of flavor and goodies.

What To Enjoy Below The Lobby -The Concourse

What’s below the lobby is one of Philadelphia’s best kept gems of the Comcast Technology Center. The Concourse is anchored by Philly culinary institution Termini Bros. Bakery and Di Bruno Bros. Guests enjoy a wide range of casual eats, a deluxe farmers market, and retail shops. The Concourse seats 400 and offers FREE Xfinity Wi-Fi. Residents and tourists can enjoy the easy accessibility by public transportation.

Philly’s Fanciest Hotel – The Four Seasons

What happens in Comcast land impacts all of Philadelphia. The Four Seasons has made recent headlines and is the top hotel in the area and home to the Comcast Center Campus. The Four Seasons in the Comcast Center Campus recently opened in March and is popular for having roundabout valet parking and a ritzy spa. With a super fast 11 mph glass elevator, guest get around the hotel with ease.

Other Four Season Features include:

separate drive-up entrance (leads to the Vernick coffee bar)
Jean-Georges is open to the public
Vernick fish restaurant has a well rounded menu
spa has crystal walls
impressive (guest only) infinity pool
bathrooms with a view
digital do not disturb
meeting rooms galore

Recent reviews were of guests and tourist raving about the Comcast Center Campus Four seasons. The Four Seasons occupies floors 48 through 56 of the Comcast Technology Center accounting for 230,000 square feet. With 219 guestrooms, enjoy top-notch amenities and sleek furnishings at Philly’s fanciest hotel- the Four Seasons. The spa that measures 10,000 square feet with sophisticated meeting and event space.

The Art Of The Comcast Campus Center

The Comcast Campus Center offers art for everyone including the public. Their goal was to compliment their employees as well as residents and guests.

Public Art

A number of artist have contributed to the Comcast Technology Center. Two pieces by renowned artists grace the bi-level. While dozens of other artist have created dominating sculptures, furniture, and murals throughout the Comcast Center Campus. Residents and tourists are encouraged to enjoy fine art throughout the building.

Internationally renowned artist Jenny Holzer was able to create a striking piece of visual art that spans across the ceiling by leaving her mark on the Comcast Technology Center. In 2018, Holzer created a 17 hour scrolling ticker that can be seen from the street that features continous content. Enjoy thought provoking writings, poets, architects, and local Philadelphia public students and authors .

Another piece of interesting art in the Comcast Campus Center includes Humanity in Motion by Jonathan Borofsky. In the winter garden of the Comcast Center, suspended life-size figures walk across beams to invoke that every individual has a unique path to follow.

The Comcast Center Philadelphia Campus mixes technology and culture together. Their employees have an opportunity to work to imagine the future while there vertical neighborhood outstandingly features something for everyone. As Comcast’s global corporation, the Philadelphia Comcast Campus Center is estimated at $1.5 billion. Enjoy a rich combination of technology, art, food, hospitality, and culture from their impressive tower.

From the rooftop restaurant vistas, superb dining, public art, and world-class luxury accommodations of the Comcast Campus Center, you’ll find lots to do. In fact, they proudly welcome you to enjoy everything they have to offer. You don’t want to miss the activities behind the walls of breathtaking Comcast Center Philadelphia Campus. Each year millions of people grace their halls. You’re invited to visit the tallest buildings in the city and some of the tallest buildings in the world by stopping by the urban Comcast Center Campus.

If you’re interested in learning more about Philadelphia office space, contact us at OfficeFinder for more details today!

Exciting New York Office Space Next to Grand Central Station

New York Office Space Update

One Vanderbilt New York office space 2020

New York office space has always led the country in design. One Vanderbilt is the next generation of New York office space. Grand Central Station in New York is still the largest transit hub in the US which makes the real estate around it extremely valuable. Recently, the land across the street on Vanderbilt Avenue was purchased and the existing building demolished. It will make way for a stunning new $3.1 billion office tower called One Vanderbilt. This property will be an innovative new landmark property in the center of the city that remakes the New York skyline. It’s 2020 completion will see a rush of new tenants seeking to enter this exclusive property.

The tower is highlighted by its pointed top that is similar to the Empire State Building and Chrysler Building. The iconic shape will be visible for miles around that will be considered a new landmark with its 1,401 foot height with 1.7 million square feet of interior column free office space.

The building will be highlighted by its column free floor plate and floor to ceiling windows. Those will provide a tremendous feeling of openness and light in the building. Interior company offices will have the options of staircases to travel from floor to floor, providing even a greater feeling of expansiveness. Additionally, those offices will be able to get 360 degree views.

The building will include access to a large, cutting edge auditorium and a 30 seat boardroom among a 30,000 square foot amenity floor. There will be an outdoor terrace and social space for as well. Additionally, the building will feature world class restaurants dedicated to existing tenants.

OfficeFinder is a premium provider of office space referral information and data. Top brokers and real estate professionals are available to assist you in New York City and1550 other markets. For more information, please contact us.

The Benefits a Coworking Office Space Has on Your Personal Life

coworking office space for balance As a freelancer or entrepreneur of some kind, you are by now acutely aware of the benefits of a creative work space that is neither your home nor a sterile, cubicle office environment. These types of spaces offer you the chance to work flexibly, network, and have a place to “go to work” without infringing on your work process or creativity. However, coworking office space goes beyond professional benefits. They also benefit your personal life in a number of ways and in this post will look at two powerful ways they do that.

A Better Work/Life Balance: The lines of professional and personal hours are blurred when you work for yourself and set up a home office. It becomes very difficult to pull yourself away from your work when you could easily just slink onto the sofa and plug in a couple more hours. But this starts to leak into your personal life very quickly to the point where you might find yourself not having a personal life anymore. Having a coworking office space is a way for you to set parameters for yourself that allow you to go to work at a set hour and leave your office by a specific time.
Human Connection: Talk to any freelancer and they’ll tell you all about the isolation they often experience when they lock themselves up at home to work or frequent a new coffee shop every few days. It’s hard to network and make connections as a freelancer, but a coworking office space makes it exponentially easier to do so. You’ll find yourself enjoying a higher quality, more rewarding work life when you are working around other people.

Looking for more reasons to rent a coworking office space? We can help find just the right one for you. Contact us today!

Have a look around our virtual tour of Level Office Coworking space in Pioneer Square, Seattle, WA.

To see it full screen, Click Here

Coworking Office Space is Where Happy Meets Hard Working

coworking office space Do you remember the last time you were in a coffee shop? Maybe you only walked by but you could see the patrons, content and happy. Remember the that great aroma, that relaxed atmosphere?

When was the last time you looked forward to going to work? No, I mean the last time you were honestly driving to the office with a smile on your face because you were going to work.

Best of Both Worlds

Welcome to the beauty of Coworking. What is Coworking? Imagine the feel and comfort of that coffee shop, then imagine that coffee shop being your office. Now you are getting close.

Have you ever worked around or with people you like, respect and that make you better? These are the teams, staffs and co-workers we remember, miss and desire to work with. One reason Coworking works is just that, it creates a space where like minds, kindred spirits and creative people all come together.

Now take that coffee shop, fill it with those people who inspire and respect you and then you have the answer to what Coworking is – and why it works. It’s no secret that a happy worker produces better work, that better results and production are the result of a healthy and happy working environment.

Will Coworking Office Space Work for You?

Who is Coworking for? Well if you work remotely or as a freelancer and are looking for a working space, some structure to your day and an office that will promote, empower and make you feel at ease – it is for you. What is Coworking?

Coworking is the best an office can offer and the best people you can work with, and it is the reason you will wake up excited to go to work! Contact us to learn more about the best thing to happen for offices since the copying machine and how we can help.

Take a virtual tour of Coworking office space in Seattle.

Visit the Level Office in the Historic Pioneer Building.

Pioneer Building Office Space Virtual Tour

Click Here to view in full screen (recommended)

We have over 30 virtual tours of coworking office space and executive suites in the Seattle / Bellevue areas available for viewing, as well as other listings, market information and general information on our Local Seattle office space page.

If you need help finding office space, please contact us. Our services and the services of our local reps is free to you.

6 Ways Providers Tweak Coworking Office Space

Coworking office space has been on the rise in recent years. Why? Because they are extremely effective in promoting greater work efficiency, company morale and networking opportunities. If you are looking for ways to improve employee satisfaction and work performance even more, check out these six ways coworking office space providers tweak their spaces.

Athletic Elements: Cities like NYC, Chicago, and LA have introduced coworking office space where people can rent an office space or chair…in a rock-climbing gym. This allows self-employed professionals to get a couple hours of work in, get in a climbing session, return to their laptop, and repeat. If you want to stimulate mental performance, provide your employees with the opportunity to get in some physical exercise. Even if the space provider does not provide it directly, very often you can find a gym or yoga studio nearby.
Working Outdoors: Quite a few coworking office space providers have outdoor spaces, like a terrace or patio, you can use to work. Fresh air and sunshine is an excellent (and free) way to boost work performance and making your employees happier.
Decor: Look for bright, vibrant colors and modern furniture. Usually cubicles are replaced with long tables, coffee tables, and comfy, yet supportive chairs. It will encourage an inclusive environment that promotes brainstorming and idea sharing. You will find colors that stimulate creativity and put employees in a better mood.
Brain Food: A wellness atmosphere is always a great idea. Many spaces offer fruits, teas, and other healthy treats. You could even foot the bill. This is not only a way to gift your employees in little ways, but enhance the way they work and boost their energy levels.
Free Beer and Party: Some coworking office space providers even provide complimentary beer and weekly networking parties with catered food. It is not only a great way to get free beer and good food, but also an opportunity to get to know your neighbors.
Fun and Games: It is what younger employees want. A way to burn off steam during the day or after hours with a quick video game on a HD Monitor, ping pong, or pool. There are usually a wide variety of ways coworking office space providers can help entertain your employees.

Looking for a coworking space? We have lots of options from both large and small space providers. Contact us today to find out more!

Want to see a great example of a Coworking Office Space in Seattle. Below is the WeWork space in the historic Holyoke Building. WeWork does not usually take down a single floor of 15,000 to 20,000 square feet, but more in the neighborhood of 30,000 to 60,000 square feet at a time. They lease all 6 floors of the office space in the Holyoke Building at 1st and Spring Streets in Seattle. Have a look and you will see why their coworking office space is so popular. Don’t miss the basement lounge with he fun and games.

Click Here to view in full screen (recommended)

See More OfficeFinder Virtual Tours in Seattle

Save

Office Space Virtual Tours: A Better Way to Look for Office Space in Seattle

When you’re looking for office space, sometimes it’s hard to figure out the unique selling point of a property. Excellent location and parking are both essential. However, in many metropolitan areas, you seem to be looking at almost exactly the same thing with every space you look at. Office Space Virtual Tours can make your search office space that really works for you much easier and faster. Saving you time and effort that can be put back into growing your business.

However, you’ll find that office space virtual tours are a great way to set your business apart, especially if competition is stiff in your local market.

Eliminate Hiking and Make the Hunt Easier

You can look at office space, the building lobbies and the building grounds while having a cup of coffee at home on a Sunday morning. Since many office spaces feature standardized elements like carpets and counter-tops etc, you can easily tell from a true 360 virtual tour if a space can meet your needs. It is easy to rule out the ones that won’t work for you. You can clearly see which ones fit the style and image your a looking to find.

The Perfect Solution for Out-Of-Towners

Many businesses need to expand quickly. They may also need temporary office space for short-term projects. If you are looking for office space from out of town, 360 degree real estate views are captivating and make it easier to make rental decisions. You can also share tours of the offices you’re interested in via email or social media. It also can help with deciding on what type of office furniture and equipment to start sourcing since you can send the virtualtour to the vendors, too.

Great UX

One of the most frustrating things about viewing content online is slow loading time and web pages that download tons of ads and videos before the main content even loads. OfficeFinder Virtual Tours are quick loading, mobile friendly and beautiful. And best of all they represent the property well.

One of the smartest things to do in the B2B market is to help professionals and decision-makers save time. We do that with our Office Space Virtual Tours. Using 360 degree virtual tours when you are looking for office space is an excellent way to identify the properties you want to visit and avoid wasting time on properties that won’t work for you, saving your time and effort in looking for office space. Contact us today at OfficeFinder to learn more!

For now, we offer a wide selection of office space virtual tours in the Seattle – Bellevue metropolitan markets with 33 virtual tours of executive suite and coworking spaces.

Seattle Office Space Virtual Tours

The following Seattle Office space listing have virtual tours located on the lower right side of their pages.

	3200 Safeco Plaza, Seattle, WA 98154 Premium Executive Office Space In Seattle Downtown
	7th Ave Downtown Seattle, Seattle, WA 98101 Seattle Office Space in Shopping District with Stunning Views
	Holyoke Building, Seattle, Wa 98104 Seattle Office Space – Modern Coworking Space with Historic Charm
	Pike Place Market, Seattle, Wa 98121 Great Seattle Office Space Located Near Pike Place Market
	Pioneer Building, Seattle, WA 98104 Affordable Historic Pioneer Building Cowork & Office Space Available
	Ballard, Seattle, WA 98107 Seattle office space in Ballard available with Easy Parking
	Bank of America Plaza, Seattle, WA 98104 Ideally Located Bank of America Plaza Seattle office space
	Columbia Center, Seattle, WA 98104 Columbia Center Seattle office space available now
	Fremont Coworking, Seattle, Wa 98103 Awesome Fremont Coworking Office Space in Seattle
	Lake Union, Seattle, WA 98109 South Lake Union Seattle office space available now
	Norton Building, Seattle, WA 98104 Classic Norton Building Seattle office space available now in CBD
	Seattle City Center, Seattle, WA 98101 Prestigious Seattle City Seattle office space available now
	Smith Tower, Seattle, WA 98104 Historic Smith Tower Seattle office space available now
	South Lake Union, Seattle, Wa 98104 Super Cool South Lake Union Coworking Office Space in Seattle
	Two Union, Seattle, WA 98101 42nd Floor Two Union Seattle office space with Amazing Views
	Westlake Center, Seattle, Wa 98101 Spectacular Westlake Tower Office Space in Seattle
	World Trade Center, Seattle, WA 98121 Waterfront World Trade Center Seattle office space with great views

Save

Portland Office Space Update – A Tight Market

portland office space skyline Our local reps in Portland just came out with an update on Portland Office Space. All in all, it shows a very healthy market with a low vacancy rate, but one in which tenants will need the assistance in finding and negotiating for office space.

Here are the key points of their recent report:

The marketplace for Portland office properties grew during 2016, with over 1 million square feet of new and adapted supply came online amid institutional investors initiating or increasing ownership stakes.
Office development set records in 2016 and remains very active heading into 2017. Pre-leasing activity has become more common and the vacancy rate remained stable in the 8% range.
Company’s appetite for office space in 2018 could be affected in the event of a broader downward business and economic cycles, but our region’s relative advantages should temper these trends.
The Portland Office space market strengths include a diversified economy with lower business, commercial real estate, and living costs relative to neighboring West Coast cities, and a well-educated and well-paid workforce.
These lower costs attract technology companies and their employees to Portland, where venture capital funding set a 5-year record in 2015 at $283M. Start-ups are an important part of the tenant mix due to their high growth potential.
The Oregon Employment Department recently reported the Portland metro area’s GDP grew 4.6% in 2015, 10th-fastest among the largest 100 U.S. metros. The Professional & Business Services category was the second-largest contributor to this growth, and is a key user of office space.
The current vacancy rate stands at 8.6% after absorption of over 121,000 square feet in Q4 2016.
The average Class A rent is $29.33

If you would like more information or need office space in Portland, contact our local rep. We will be happy to answer questions or help you find your next office space. All at no cost to you for our services.

Save

Honest Office Space Virtual Tours? We Do That!

Click Here to view in full screen (recommended)

Interactive high definition 360-degree office space virtual tours are becoming more popular in the commercial rental industry. They provide an invaluable service to prospective tenants who want to ensure that buildings are a good fit before scheduling time consuming in-person walk-through tours. Virtual tours make it possible to achieve this goal – especially for the company that is relocating from another city or state.

Advantages of Virtual Office Tours

An online brochure for an office building provides you with the basics. It discusses square footage options, amenities, parking spaces, and nearby shopping as well as dining opportunities. you can find the same information on almost every listing website. Although plenty of these informative listing website pages also feature images, they nevertheless still make it difficult to get a feel for the property. For example, a large office image that persuaded you to visit a location can turn out to be little more than the result of wide-angle photography.

Honest Office Space Virtual Tours Save You Time, Travel Expenses, and Disappointments

An honest virtual tour does not need to set a stage for the right effect.

No manipulation of the atmosphere. Photographers who want to appeal to professionals in search of bright spaces will shoot the images during daylight hours; those who want to emphasize elegance do so at night. We do it when our experts are available.
No models in a photo shoot. Typically, spaces should be without workers actively about their tasks. That said, sometimes it is unavoidable that people will appear in the images. However, they are not models who are paid to provide ambiance. They are just hard-working folks.
No touch-ups. Honest virtual tours show you the property the way it is. There is no touching up of brown lawns, no artificial elimination of water-stained ceilings, and no heavy editing of the shots.

The OfficeFinder office space virtual tours save you time, travel expenses, and the disappointment of finding out that a wide-angle shot or the use of a mirror, to add depth artificially or create the illusion of a second window and tricked you. You can see our office space virtual tours of executive suite and coworking spaces live at:

Our listings that have a 360° tour are are identified with our 360 badge

If you are looking for an office and would like assistance or advice at no cost to your, Contact us. It is what we do and would be happy to help.

Save