Young companies: How to find an office that's right for you

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.

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It’s all supply and demand (in NYC, at least)

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.

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Office Space: the Overlooked Differentiator in the Germany/Brazil Match

Today kicks off (no pun intended) the semifinals of the world cup. From 32 teams, we are now down to the final 4. Today's match between Brazil and Germany features two of the worlds most storied soccer countries facing off in Belo Horizonte. There are lots of articles out there predicting winners based on the teams' performances in the tournament to date, the health of their respective starting lineups, and other things that they feel are pertinent. We feel there is a glaring hole in their analysis: the state of their office space leasing markets. What follows is a high level head to head comparison between the top two markets in Brazil (Rio and Sao Paolo) and Germany (Berlin and Munich)

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Austin Office Space of the Week: Idean

This week we are featuring Idean for our Austin Office Space of the Week #OSOTW. Idean is a global innovator for digital user experiences across all platforms, with a space as creative as their team! Their crazy cool open office is located at 713 East 6th St., in Downtown Austin.

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Health & Wellness in the Workplace Improves Culture & Efficiency

I recently attended an event unlike most tech slash networking events, fittingly titled “Wellbeing in the Workplace: Mind. Body. Environment.” As part of the small talks speaker series presented by Turnstone (@turnstone #TSsmalltalks) and sponsored by Steelcase, this event left me feeling calm, collected, and ready to take on the busy day ahead!

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