The Office Space Advisor Blog

Columbia Gateway Drive has a New Conference Center. Meet HubSpot.

Columbia Gateway hosts 16,000 to 18,000 working professionals every day in its various businesses, as well as countless others coming and going throughout the day for a meeting or to grab lunch. As Howard County’s premier innovations hotspot, our vital work community continues to grow, and Columbia Gateway is evolving to meet these emerging needs. The latest addition to the 2.5-mile Gateway loop is a central conference space where businesses can connect and collaborate—with outside guests or their own employees.

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How to Launch a Green Engagement Program that Works

 

COPT is committed to creating sustainable, green office environments. We’ve taken a pledge to create healthier environments for employees by applying our RITE principles—Reduce, Innovate, Teach, Engage. But once you’ve planned a new green initiative, how can you help it gain traction? How do you make sure it isn’t just a poster on the wall in the break room? Here’s how we did it, and how you can, too.

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Topics: Green initiatives, Green office

Tips for Increasing Profits Through Tenant Satisfaction

 

If you're leasing corporate office space, you already know how damaging it is when you have a high rate of turnover. The hit on profits goes beyond lost revenue. You'll also incur losses due to leasing commissions, making improvements for new tenants in areas like office design and promotional offers to attract new tenants.

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Pros & Cons of Privates Office vs. Open Workspaces

 

Over the past few decades, companies have shifted from private offices to open workspaces. The International Facilities Management Association estimates 70 percent of businesses in the United States use open workspaces, but each option has its pros and cons.

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Topics: Private Office vs. Open Workspace, CRE

How to Create a Productive Workplace Through Design

Workplace design can have a profound effect on employee productivity. Think of your office the same way you think of your home — a cluttered mess can invite stress, worry and apathy. Those three traits can be productivity killers.

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Topics: Productive Workplace Design, CRE, Office Design

The Best Time to Look for Office Space

The best time to look for new office space depends on your company’s size, needs and location. There is no one-size-fits-all formula for determining when the search for office space should begin, but it is critical not to wait until the last minute. Commercial real estate becomes available at all different times during the year, so you don't have to be concerned with meeting any seasonal deadlines. Selecting office space for your upcoming relocation can be a very complex and unfamiliar endeavor, one that may take months or even years.

For most businesses, the stakes for choosing an optimal location are high. Settling on an office space in the wrong location could be costly to a business, while not accurately planning for growth could mean moving again in a few years, which strains both budget and productivity. The moving process itself can be expensive and time consuming, which is why it’s important to begin the search early. Office space costs are generally the second biggest cost to a company (preceded by employee costs), so it's important to spend enough time evaluating your needs and options.

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Tips to Keep in Mind the Next Time You Negotiate Your Lease

Leases can be subject to change from year to year based on your contract terms. As your business approaches its lease renewal, entering into negotiations can be beneficial for both your business and your landlord. The topics of negotiation will vary widely, depending on your business’s needs, your lease terms and the fluctuating real estate market, but one of the best ways to successfully negotiate a lease renewal is to be well researched and prepared. Gaining insight into your business needs and the needs and position of your landlord will make lease negotiations proceed with more ease and clarity. As your business moves forward into the negotiating phase, consider the following five tips: 

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5 Things to Consider when Deciding to Buy vs. Lease

For most businesses, office space is a necessity. When faced with the possibility of leasing or buying, how should your business decide which is better? Making this decision can be a daunting task, as many factors, both in and out of the business itself, must be carefully weighed and analyzed before a final decision is made. Before making a move, consider the following five questions:

1. What are the chances of relocating, expanding, or downsizing in the foreseeable future?

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How to Choose an Office Space Design for Your Type of Business

Increasingly, more companies are looking for efficient and creative ways to use their office space. Smart office space design can mean leaner energy use and more efficient workflow. Alternative workspace arrangements involve moving beyond the standard square foot per associate calculation, integrating spatial, behavioral and technical factors in workspace design and space allocation. The trend has emphasized the importance of collaboration and communication in the workplace. Just how to achieve that harmonious balance varies according to the business and its specific work methods. Offices have transformed from simply a place-to-work to a place-to-innovate, fostering idea sharing and (hopefully) happier employees. The concept of a one size fits all office space is obsolete and inefficient, which is why businesses are taking more interest in office design strategies and the benefits they can bring to a company.

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High Tech Companies Responsible for 20% of US Office Leasing Activities in 2014

The thriving technology sector is playing an important role in the recovery of the U.S. office market, as recent rental activity indicates. According to CBRE Group, Inc.'s August 2014 research report, U.S. Tech-Twenty: Measuring Office Market Impact, the high tech sector has created one fourth of all office-using jobs created between 2009 and May 2014. The booming job growth in the tech sector is directly reflected in national office leasing activity. In 2014, the high tech sector accounted for 20% of all U.S. office leasing activity, making it the top office leasing industry in the U.S., and there is little reason to expect that percentage to drop anytime soon.

Office leasing activity rose 14% from 2013 to 2014, and the 2015 outlook is strong. Tech firms in both the private and public sector are indicating growth in the upcoming years, meaning office expansions are on the horizon, and with the high tech industry far outpacing its peers in growth, the leasing trend is expected to remain strong. What exactly does this growth mean for high tech companies in search of office space? The importance of finding the right office space for current and future needs is becoming increasingly imperative.

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