Downsizing on Office Space in the US
There are many factors these days to consider when looking for an Executive Space/ Fully furnished office space.
The total cost of your office space will generally be at least 1/5th of your total budget set aside for your business; this cost will usually be the largest chunk of the companies’ cost after salaries. It is imperative to make the right decision about which office option to choose from as it will have a great impact of the profitability on the business.
With the current crisis in the USA, the net absorption of office space had slipped away rapidly. Many landlords have found that tenants have been downsizing space as current economic trends are showing negative signs in the sector and many business centre operators have started to sub lease developments. Previous reports have shown that with an increase of landlords subleasing properties the number of unemployment has also increased with the amount that centres are subleasing has gone up more than 2 million square feet since the start of the year; this is the largest quarterly increase in six years.
With Executives suite there is always the opportunity for you to upsize space or downsize space if need to. Executive suites are often licensed than leased. The alliance is a simpler form of agreement than a lease and unlike traditional leases you will not have to pay the landlords legal costs. Executive office accommodation generally allows you to move in and out quickly and it is ideal for organisations that need flexibility. Taking Executive suite only allows you to use the office space that you need.
Business Centre Operators will only charge you extra for the use of meeting rooms/ boardrooms, which is on a pay as you basis. Communal areas such as reception / waiting areas, kitchens and washrooms are usually included in the package.
This type of office space allows businesses to increase or decrease the size of their offices without having to change the business address or having to operate from two different sites. This is why in an economic situation where companies currently are, Executive suites seems to be the most secure option to go for as well as the most cost effective.
Flexibility is a very important advantage to businesses, especially when a business is expanding or down-sizing. Executive suites are evolving at the same rhythm as the business is growing
SOS America is the leading Executive Suite search facility in North America. We are listing all the centres and can help you with your office search by offering you a shortlist of Executive offices in the area where you are looking, but also give you impartial advice and arrange viewings on your behalf.