Updated from August, 2015 version.
The way we do business is ever-changing; and whether you’re expanding, downsizing, or just starting, the type of office space in which you chose to work is a major decision for your company. While the perks of a serviced, shared office space are numerous, below are the top four most appealing incentives for those considering shared workspaces.
Updated from August, 2015 version.
A good office space is like a good employee: no hidden strings, no excuses, and ready to start working for you immediately. Shell space, in the world of workplaces, can seem similar to the employee who trumped up their resume. Unfurnished and unfinished, shell space takes on all the responsibility without any of the qualifications; often leaving you on the hook for more work than expected.
As with the rest of society, modern technology has changed the way we do business. We work through clouds now; we communicate via dropboxes and video conferencing. Our new digital tools make it so easy to connect remotely that face-to-face interactions, and putting on a tie or makeup to do so, can seem more like a chore than a necessity. Not all companies are created equal and not all employees interact with clients (or each other) on a daily basis. The ease of remote accessibility has led to a spike in telecommuters and many young organizations are taking note of the advantages.
AdvantEdge Business Centers, a leader in the Washington, D.C. executive office suites and shared office space industry for over 27 years, is excited to announce its second expansion at 2101 L St. NW within a 3-month period.
On the heels of a 23,000 sq. ft. expansion in May of 2016, Founder and CEO Prakash Gavri, has continued the growth streak at 2101 L St. NW by adding an additional 5,000 sq. ft. of office space. This latest addition will bring Gavri’s holdings to an impressive 78,000 sq. ft. at the 21st and L Street center.
So you’ve done it: you started your own business. You’ve taken the leap. The next steps can be as exciting as they are terrifying but now that your organization has taken off, it and you will need to adapt on the fly. The name of the game is efficiency and that means spending money on the things you need and saving on the things you don’t. Young companies, in their eagerness to get to work, too often fall into traditional models of doing business which can trap capital, stifle growth and leave employees ill-equipped to do their job.
In a country where only one in three workers take a lunch break (away from their desks) it’s easy to forget basic dining etiquette when on the job. It’s even easier to forget how to carry ourselves at happy hours or out of office meals with the team in a work culture where socialization and work-life balance often go to the wayside.
For nearly half a century companies have been learning about the numerous advantages business centers have over traditional office spaces. Encouraged by low overhead, networking opportunities and flexible terms, crafty business owners everywhere are joining the co-working movement.
It’s March, which means two things: NCAA basketball is about to own the airwaves
and you’ve probably already received an invitation to your office’s bracket pool. While some of us look forward to the Madness (s’go Buffs!) and others simply tolerate it, recent studies reveal the quantifiable hit businesses take on when their employees take a time out as opposed to keeping their heads in the game. According to the research, 50 million American workers will participate in an office pool (including the President) and companies stand to lose $1.2 billion as a result of unproductive hours spent researching or watching games. While employees will undoubtedly get caught up in the drama of conference rivalries and underdog upsets, loyalty to one’s alma mater over their company’s bottom line can put businesses in a sticky spot. Avoid a technical foul by adhering to some simple office etiquette in this holy month of March.
While we have seemingly endless apps and websites available to use as a resource for just about anything, with so many resources at our disposal, a task like finding office space can quickly become quite daunting. Because physical office space is such a large expense, educating yourself as much as possible and starting early are vitally important. Not only do you need to determine the needs of your business at present, but you also have to consider its future. AdvantEdge can help assist along the way and ensure you make the best decision for both your company and your employees.
When it comes to determining the office space needs of your business, it’s most important to stay realistic. Try not to over- or underestimate - your business’s future capacity by allowing yourself enough time to evaluate the needs of your employees, your future business plans, and by doing your research thoroughly. Once you’ve nailed down the roadmap of your business plan, a good place to turn to amidst your search are the tried and true resource of real estate brokers. While you can search for space on any site or app, brokers understand the current conditions of the real estate market for your city and can help you make better informed choices about a building or market than you would be able to on your own. This is particularly helpful if you’re trying to set up an office in an area that you may be unfamiliar with. Online reviews and social media, when mixed in with expert opinions from your broker, are also good resources for getting the feel of a space. These tools can provide insight into the quality of the customer service you would receive, building amenities, and current tenant satisfaction.
The adage “location, location, location” may be overdone, but deciding where to work is as much about personality and feel as it is nuts and bolts. All of our centers offer amazing professional space and services in high quality locations, but there are still a few things that set each of them apart. Below we highlight each of our centers and outline their benefits beyond the space itself: