Infographic - Are Open Space Office Plans Good For Business?

Many prospective tenants who contact us ask us about open space office plans and whether it's the right fit for their business. Usually they are only focused on one key element: cost cutting. Although this is one of the considerations when thinking about moving to an open space office plan, there are other benefits as well. Of course, there are cons as well, but that is a post for another day.

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Hashrocket | Office Space Of The Week | Innovative Creative Commercial Space

This week we show you the Jacksonville headquarters of Hashrocket, some of the developers behind TheSquareFoot and many other awesome Ruby On Rails websites. Known as one of the premier development firms of its kind nationally, Hashrocket's Jacksonville, Florida office sits right on the beach (in Jacksonville Beach) and has a ton of natural light and wide open spaces. This is a great example of an office space fitting the company and its ethos perfectly.

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Need Workspace For A Day? Check Out Desks Near Me

In the rapidly evolving commercial real estate world, we’re seeing more and more startup companies trying to streamline the industry. From making it easier for tenants to search and find available office spaces that match their specific needs - giving landlords and listing agents tools to help manage their client base and internal data more efficiently - to bringing the space tour online with 3D movable floor plans and interactive panoramic views of spaces. There are so many interesting ideas sprouting up all trying to bring the industry that hasn’t changed in 30 years into the 21st century in different ways. A lot of them are popping up around coworking.

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Manhattan Retail Space Ready to Make Way for Nordstrom Stores

Another high-end department store is set to join the ranks of Saks Fifth Avenue by taking advantage of Manhattan retail space. Nordstrom has searched for a perfect Manhattan retail spacefor two decades and finally settled on a deal with Extell Development this week to open a 7-story, 300,000 square-foot retail monster, on the north side of 57th Street, east of Broadway.

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Method Home | Office Space of The Week | Open, Contemporary Space

After reading Method Method by the co-founders of Method, we became obsessed with the strategies and principles used by Method to become a successful company. For anyone who has not read the book, it is not only inspiring, but teaches entrepreneurs many lessons about launching a successful start up. And now, we are grateful to be able to feature Method's San Francisco office space as our office space of the week.

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Salesforce.com seeks Pfizer's former office space

San Francisco-based company Salesforce.com is reportedly negotiating for 100,000 square feet of office space for lease at 685 Third Avenue, which was formerly inhabited by Pfizer. The transaction would more than sextuple the cloud computing company's New York presence, further confirming what this blog has already touched on in multiple occasions - the city's increasing attractiveness to technology firms.

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Infographic - How Much Office Space Do I Need?

A question we get quite frequently at TheSquareFoot is, "How much office space do I need?" It is why we created our office space calculator to help prospective tenants gauge the amount of office space appropriate for their business needs. Typically we find that most small businesses and entrepreneurs think they need more space than they really do and our goal is get them into the right amount space for their business. Given all the discussion around the amount of space a company needs (general consensus traditionally was around 200 - 250 square feet per person), we created this infographic showing how much space different levels of seniority in the workplace use:

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Normandy Partners invest in Lexington Avenue

Normandy Partners, a New Jersey-based real estate firm, added some more New York City office space to its portfolio, with its purchase at 575 Lexington Avenue, between 51st and 52nd streets in the Plaza District. The 35-stories of Midtown East office space was redeveloped in 1990 by the Koeppel Companies and was bought by Normandy and New York Life for about $360 million, according to sources.

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WeWork gains sixth location with Madison Ave. lease

Two family-owned buildings, across the street from one another, signed on new tenants to take advantage of the Midtown office space for lease, totaling 71,000 square feet. Located just three blocks from Grand Central Terminal, the two buildings, which are both in the midst of renovations set to include a new lobby and elevators, will be ideal locations for each of their respective new businesses.

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Developers announced soon for new Brooklyn hotel complex

Additional Brooklyn retail space to come online as part of a new hotel and residential complex that is slated for construction adjacent to Pier 1, just south of the Brooklyn Bridge. Early this week, the Brooklyn Bridge Park Corporation is expected to vote to select Toll Brothers City Living and Starwood Capital Group as the development team for the 1.3-mile-long New York commercial space.

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Bronx ready for first suburban-style mall in 40 years

Prestige Properties knows that it is a risk to break ground for the first suburban-style fashion mall to be built in New York City in nearly 40 years, but it's one that they are willing to take. Indoor malls have received mixed reviews, with shops at The Time Warner Center thriving, while outlets at the South Sea Seaport have struggled.

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Revival of Midtown South office space market continues

After the dot-com bubble burst in the early 2000s, many of the technology startups that had come to call Midtown South home no longer had the ability to remain in the area. As the vacancy rate of Midtown office space climbed, new technology companies sought more favorable locations for their needs. Now, many new startups are again flocking to Midtown South in search of affordable NYC office space for lease.

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Chelsea Market developers eye office space expansion

In a city full of them, Chelsea Market is one of the most widely known destination spots in all of New York City. With the more than 30 shops it has to offer tourists, the area has maintained most of the charm it has held since being constructed around the turn of the 20th century. This may explain why some New Yorkers and tourists alike are upset at a proposal to add two new buildings that would provide Chelsea office space to local businesses.

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Microsoft begins New York office space search two years before lease expires

Any business whose lease is up within the next few years needs to begin its office space search several years in advance, particularly if it is attempting to acquire a location in the highly competitive New York City market. When the largest software company in the world needs to plan for a new location that has at least 200,000 square feet of space, that search becomes all the more challenging.

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