Finding office space is one of the most important challenges any business faces. Not only will rent likely be your second largest expense (following payroll), but your office will also be your second home and becomes reflective of your company, team, and culture. Your office has a significant impact on hiring, retaining talent, and keeping employees engaged. For growing companies, price, location, size, and timing are all crucial to the search.
In New York Commercial Real Estate, office landlords typically ask a tenant to sign what’s called a “Good Guy Guarantee” as part of the lease, which is essentially a 1 page document stating that if the tenant stops paying rent while still occupying an office space (and refusing to leave), a landlord can take legal action towards the lease holder in a court of law.
Let’s face it, we’re in our offices for around 90,000 hours in our lives. That’s a lot of time to spend at a desk that you hate. Luckily for you there are some pretty rad desk supplies that can keep you organized and “aesthetically pleased” all at the same time. We’re starting a new series that features office supplies for different types of personalities, and first up is for the trendsetters amongst us.
If you're like us, most mornings you need coffee, and you need it now. While there are hundreds of places surrounding your NYC office to get a coffee fix, it can be difficult to navigate the sea of cafes that will get your almond milk latte exactly right. From quick on the go cups to cafes perfect for hosting afternoon meetings, here's 8 coffee spots to try if your office is in FiDi
It's 11:58 and you know what time it is -- time to figure out what it is you're going to have for lunch. If you've found yourself constantly clicking the "re-order" button, or going next door for that bodega sandwich again it's time to shake up your routine. Wake up your tastebuds by trying one of these weird dishes that call NYC home.
This week we present to you the iZotope offices in Cambridge, Massachussetts. The iZotope offices were designed by Unispace and were finished in 2014. This space spans 35,000 sqft (find out how much space you need for your team and combines wood, brick, and paint to innovate a look all their own.
As you probably know, the commercial real estate market in NYC is hot (and it’s really not great for tenants.) Demand is skyrocketing due to the burst of new businesses on the scene. The problem with this demand in NYC is that there’s no way for building owners to accommodate with supply. In most cities when demand is great, there’s room to build out and expand the city limits (i.e. urban sprawl.) Companies can move farther away from the city center for cheaper rent, which also drives prices down in the city because demand goes down. Makes sense. In NYC, the main problem is there’s no room to build out, and what space does exist is being quickly absorbed by new companies. For example, Chelsea only has 20 million square feet, with only 4.2% currently vacant (this was 6.6% last year, but 2.4% was already leased). In addition, only 168,000 square feet is scheduled to be added this year. The combination of low inventory being taken quickly, with no new space coming on the market means options are lacking and pricing is going to keep going up.
Hollywood might be in LA, but some of the most famous and unforgettable film and TV scenes have been shot in our favorite city. From Holly Golightly's entrance in Breakfast at Tiffany's to the opening scene of Manhattan that makes us fall in love with NYC all over again, we could go on and on about our favorite NYC based movies. Here are 8 great buildings and offices made famous by NYC movie and TV scenes.
If you're like us, most mornings you need coffee, and you need it now. While there are hundreds of places surrounding your NYC office to get a coffee fix, it can be difficult to navigate the sea of cafes that will get your almond milk latte exactly right. From quick on the go cups to cafes perfect for hosting afternoon meetings, here's 8 coffee spots to try if your office is in Chelsea or Flatiron.
This week, we're featuring Wonderfactory and their NYC office as our office space of the week.
One of the most FAQ we receive is "When is it time to search for our own office space as a company?" We recommend to companies that if if their team has under 5 people (and they aren't planning on rapidly growing in the next 6-9 months) and aren't ready for the 3 year minimum lease that landlords require, to consider a co-working space. Co-working spaces are the perfect option for when you're not quite in need of your own office, but are over working at home in your pajamas.
This week, we're featuring KitchenSurfing, a service that brings skilled chefs to home kitchens, starting at just $25 per person and their NYC office as our office space of the week.
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You can also see this post featured on the Huffington Post here.
This week, we're featuring Nylon Magazine and their NYC office as our office space of the week.
We've discussed the pros and cons of an open office , but many times team members don't have a choice in what type of office in which their company operates. Although open offices have been known to make employees feel like they are part of a more laid-back environment and are definitely trendy in tech startups, they can sometimes be damaging to productivity, especially if you're introverted and need privacy.
An important part of any any lease negotiation is the tenant improvement allowance.
This week, we're choosing the ?WhatIf! offices in NYC by Mapos architects as our office space of the week. The NYC office is 12,000 sqft (find out how much space your office needs) and was done on a budget of $775,000.
This week, we officially announced that we’ve raised $2 million in a seed round of financing led by Primary Ventures, with participation from RRE Ventures, Triangle Peak Partners and a roster of strategic angel investors. Sounds fancy, we know.
As we already know first impressions are incredibly important, and that sentiment absolutely extends to office space. Visitors and clients alike get a sense of an office environment and your company culture the first time they enter a space, and in fact, a bad lobby can be a red flag to look for when touring offices.
As most New Yorkers will tell you, they typically avoid anything involving Midtown dining and pride themselves on their ability to avoid Times Square for years at a time. However if you have Midtown office space it's unavoidable to eat in what can be the culinary graveyard.
Ignite USA is a leading innovator in the beverage container industry and the power-house design
It's become common practice to plug in headphones and listen to music throughout the work day, especially if you're at a desk job working on a computer (and coincidentally, 7 out of 9 members of TheSquareFoot team are plugged in right now.) But, does music have any impact on your productivity positively or negatively? We searched around and the answer is...sort of. Here are the pros and cons of listening to music during your work day.
This week's office space of the week goes to Astor Hellas, a leading wholesale international trading company in the Greek market and their new 4,300sqft office in Thessaloniki (wondering how much office space your team needs? Try our office space calculator.)