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3 Reasons Why Working from Home Can Decrease Productivity

In the last decade, the work-from-home population has grown over 29.4% since 2005, and the telecommuting trend has grown 80% since then, according to Global Workplace Analytics.

working from home

But just because something is a popular trend does not mean that it’s the right fit for everybody. Working from home can have some serious downfalls; one of the most prevalent of those downsides being the loss of productivity that can occur. Before deciding to move your traditional office life into your home life – Read the three main reasons listed below on why it can be easy to unwittingly decrease your production abilities when working at home.

1. The isolation factor

People in the ongoing debate about whether standard business offices are more or less productive than working from home, profess that because one doesn’t have a daily 9 to 5 deadline at the home office, it is easier to lose production time; no matter how many hours are spent in front of the computer. Being around your other coworkers shuffling and bustling through the office, all intent on finishing for the day in order to leave for home on time, adds an air of motivation that working alone at a residential home just can’t compete with. Quiet time has its merits in a busy and sometimes overly crowded, noisy office, but the overly quiet home office tends to be way too silent for allot of workers.

There is nothing like the feeling of accomplishment one gets from being a team player and sharing in the company’s successes with their coworkers. Milestones at the home office can be just as exhilarating, but the party of one at home is still no emotional match to sharing the glory with a group of working office associates. The constructive feedback and peer advice that is prevalent in a standard office setting is also lacking in the home office environment. One thing that the traditional office provides that is vital to production, is employee human interaction. Idea sharing and problem solving are both key factors in helping to connect with fellow coworkers in order to stimulate higher production rates.

Yahoo’s CEO, Marissa Mayer, stated the absence of employee collaboration within its telecommuting employees as part of her rationale for ending working remotely as an option with the company. Modern companies, especially Tech businesses, are based on high innovation and employee collaboration in their everyday office routine. They usually intentionally promote the two highly productive working techniques by designing in, and incorporating in, an open space, communal workplace, with plenty of interactive environments included. Break-time lounges and closely seated cafeteria lunch settings are also provided in order to bring employees collaboratively together in a mentally stimulating way. All of these time-tested productive traits, “fly out of the worker’s window” at the solitary home office.

2. The distractions of home-sweet-home

The work culture is very different between working from home, and working from a standard office building. Daily interferences tend to happen in the home office that can quickly become out of hand, culminating together into overwhelmingly anti-productive distractions. Children, spouses, dogs, cats, neighbors, UPS, and Jehovah Witnesses, all seem to converge at the most inopportune times in order to stop one’s concentration, offset their train of thought, and distract them from their productivity goal for the day. This fact also encouraged other companies besides Yahoo to deny the work-at-home trend to their employees by also banning the practice.

Newfound, at home workers, will find that since there was no escape from life’s daily chores, obligations, errands, and drop in’s when at home before; there will still be no escape when they are right in the middle of a project or contract that is close to deadline. There is an emotional strength in numbers at the traditional office building that naturally promotes an employee’s ambition, enhances their motivations, and instills competition in the workplace. Unfortunately, the personal home office, no matter how sophisticated and equipped, just cannot seem to come close to matching the old-school business office for productivity.

3. The potential lack of good self-management

Being a good manager is a difficult, meticulous, and ever diligent task. Management has to plan, assign, and network a project, while also having to check up periodically on their subordinates in order to ensure things are going smoothly. They also help troubleshoot problems when things are not going smoothly at all. When employees start working from home, some find out quickly how much they under appreciated their manager’s expertise and abilities. Especially when having to deal with the dueling roles of being both boss and employee. Poor management equals poor profit margins, which, unfortunately, when one is acting as their own boss, the loss comes directly out of the main project employee’s pockets – namely theirs if they’re self-employed and/or freelancing the work involved. Any lapse in self-discipline and an inferior work culture will absolutely hinder, or in worse case scenarios, absolutely decimate a worker’s productivity factor at home.

One might tend to lose their competitive edge when left out of the loop of the daily 9 to 5 rat race.  Standard office politics and ongoing competition for upcoming promotion openings enhance ambition. It doesn’t sound too glamorous when put in the above context, but as everyone has heard from one time or another, “Competition can be a healthy thing when put in the right perspective” – Meaning, that people get lazy and lose their edge without it. One of the greatest threats to being one’s own boss,  and single productive employee,  is becoming complacent in one’s own little world at a residential home office; and thus risk forgetting the rules to success of the company shark tank they once swam in.

CoWork. Collaborate. Create.

The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

5 Benefits of Being a Digital Nomad

digital nomad

Workers have been trying to leave the confines of the workplace while still getting paid for centuries. With the technological advances in modern telecommunications, such as an ever broadening mobile access to the internet, and easy-to-find “free” Wi-Fi Hubs; the era of the digital business nomad is in its heyday, with a bright future ahead.
Definition of a Digital Nomad: An individual who exploits modern day communications technology in order to perform normal in-house business work duties, outside of the traditional workplace environment. IE: Home, coffee shops, public libraries, vehicles, etc.

Digital Nomads are a diverse bunch of working wanderers whose bulk includes the ever growing freelance population of writers, photographers, digital age designers of all sorts, and self-employed entrepreneurs who have not had the need yet to expand to a permanent office. According to, 3.3 million workers in the United States were telecommuting at least half of the time by 2013 (not including self-employed). The trend of remote workers leaving the constraints of the traditional workplace, for the freedom and flexibility of being a digital nomad, is expected to steadily grow by 2016 and beyond.

There is also a wealthier class of digital nomads, which travel across the country or internationally and rent temporary workspace from Co-sharing outfits in numerous major cities. Some also choose to simply work out of their hotel rooms as if it was a standard business office.
This is the domain of the successful startup entrepreneur who is setting up or promoting their new business, or a business owner who has multiple shops, offices, factories, etc. in different locations, either nationally or globally, which requires them to travel a substantial amount of
the time.

Below are the Top 5 benefits of being a Digital Nomad:

1. No More Commuting

Traffic, traffic, traffic, hectic commutes that take up precious hours of your life and replace them with stress filled, dangerous unpleasantness, draining your workday enthusiasm before you even get to the workplace, then crushing what is left of your patience and mental wellbeing in the exhausting fight to drive back home at the end of the day. Not having to commute to work is one of the major benefits to being a digital nomad. Choosing a close, quiet, workspace, or having the freedom to strategically navigate your working hours around rush hour, can be a psychological and productive godsend.

A new study on the average American worker’s commuting times, by, states that the nation’s workforce on average commutes 24.4 minutes to the job site, add another 24.4 minutes trying to get home during rush hour, if you are lucky, and that’s almost an hour minimum out of your busy day, every workday. From my experience, 24.4 minutes sounds like a conservative number. Add on at least double that time if one takes the bus to work. Even carpooling eats up valuable personal time accommodating everyone else in the group in the tedious process of going to and from the workplace.

2. Choice of Workspace

Some workers feel that just about anywhere else is a more positive working environment than being trapped in a confining office cubicle all day. The main complaint that standard office workers have, is the mind-crushing stifling of creativity that happens when isolated in a small boring office box. For the progressive remote worker, choosing their personal style of workplace, promotes inspiration, deflects boredom, and increases productivity, all with the simple accomplishment of finding a stimulating and interesting spot to work in, with an adequate internet access.

According to an article in the Huffington Post:

• Wi-Fi speeds have increased significantly with each release. 11a / 54Mbps / 1999 11n / 450Mbps / 2009 11ac-wave1 / 1.3Gbps / 2012
• There will be more than 7 billion new Wi-Fi enabled devices in the next 3 years as of 2014.
• 71% of all mobile communications flows over Wi-Fi.
• 90% of people move between devices to accomplish a goal. Reaching customers on-the-go is more important than ever before.
• 64% of hotels now offer free Wi-Fi.

3. Ability to Travel

Taking advantage of both the nomadic digital working lifestyle, and the ever dropping gas prices of 2015, can be a remote workers ticket to fun and adventure, while also accomplishing some worthwhile production. For the family person with children, this is a great way to spend quality time with the loved ones, and still put out quality work on the go. Given a choice between the office, or the beach, park, event, or comfortable hotel, the choice for most people should be easy. The ability to both travel, and work, is one of the most convenient and emotionally rewarding benefits of being a digital nomad.

4. Flexible Work Hours

For the digital nomad, the daily grind of the 9 to 5 workplace is no longer a prerequisite of climbing the ladder of success. Digital nomads have the ability to choose when, where, and how much work they need to do in one day. Weekends, nights, holidays, all once office nightmare shifts for the overworked or underappreciated, are all left up to the worker’s choice and necessity. The work simply is accomplished when it needs to be done according to the workers needs and abilities. Obligations are fulfilled at the remote workers own pace, and deadlines are met by responsible use of time management. This means, seldom having to miss a child or family member’s special event; this also means being able to schedule your work around your daily life, not your life around your work.

5. Being Your Own Boss

The easiest to convey benefit of being a working digital nomad is, of course, “Being Your Own Boss.” Even if you are technically working for someone else, basically every other aspect besides the specifics of the client’s project is totally left up to you, essentially, making-you-your-own-boss! The pitfall that needs to be remembered when being your own boss, is that if you are an irresponsible boss who shirks your duties whenever it is convenient for you to do so, then you will have an unproductive worker as well. Routine and self-discipline are the best course of action in insuring that you are a productive and efficient, digitally nomadic self-boss.

CoWork. Collaborate. Create.

The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

Top 5 Careers of 2015

Top 5 Careers of 2015

With the current unemployment rate in the United States sitting at a concerning 5.5%, many members of the up and coming generation are thinking long and hard about their career choices. A college education does not mean a job, and if a job is attained, how can one be sure it will be a quality job which will sustain you throughout your life?

career choices

Don’t lose hope yet — there are many options which are thriving in the economy, providing crucial services to our society as well as an exceptional income to those who choose them as their career. Additionally, there are many position openings, and they still allow workers to have a personal life outside of work. Sound too good to be true? It isn’t.

Here are the top five careers of 2015, which have risen to the top of the charts due to their income, the unemployment rate, the positions available, as well as the additional benefits surrounding them.

1. Physician

This career has been a necessity since the beginning of time, and certainly earns its place on the list with a general salary of $186,850. If you were to choose this career path, when you’re not cruising in your Ferrari with your custom-built cyborg-superhero family, you could enjoy the safety of a 0.7 percent unemployment rate and over 123,300 potential job openings in 2015. These professionals have a wide range of skills depending on their chosen specialty, but this typically includes diagnosing and administering treatment to patients, prescribing medicine, and educating patients in methods to avoid disease, improve hygiene, and engage in a healthier diet.

2. Dentist

We all hate going to the dentist, but let’s face it; we need dentists. You might be able to limp around with that twisted ankle for a week, but what about that chipped tooth? The pain will get you eventually, and society’s need for their services is clearly shown in the numbers, as a dentist can earn upwards of $142,750 a year. This makes it a most appealing career to decide on if you have your eye on a fancy yacht. Their services in preventing harmful oral diseases, relieving tooth pain, and repairing smiles have made them a necessity where home remedies fail. There are expected to be 27,600 available jobs in 2015 and the unemployment rate for this career is a current 0.9%.

The schooling to earn a position like this entails a rigorous set of technical training, as well as hands-on learning under a supervisor. The dental program is notoriously difficult, creating a group of highly skilled professionals to match the annual profits.

3. Nurse Practitioner

This career choice sits as number three due to the reduced salary of $92,670 a year, but it also boasts of a 0.7 percent unemployment rate and over 37,100 expected job openings for 2015. Nurse practitioners have a wide range of duties and abilities. Since there is a current deficit in doctors in the United States, these professionals are credited with picking up the slack to make sure hospitals don’t look bad and patients don’t suffer. These tasks extend beyond the duties of an RN and to things such as ordering diagnostic testing, prescribing medication, and diagnosing a range of chronic conditions.

The schooling required to become a nurse practitioner is, at minimum, a master’s degree, although many in the field pursue higher schooling. This advanced knowledge makes them ideal for handling the many needs within a hospital when primary physicians are in short supply.

4. Pharmacist

While you’re sure to imagine silver chains and gold teeth at the word “drug pusher,” this professional variant makes the same money with a lot more morality – and far more regulations. This career is placed at number four in the list due to its higher wages but also its increased unemployment rate of 3.2%. The average pharmacist earns an income of $113,410 a year, and there are expected to be over 69,740 job openings in 2015. The details of the position have many technical responsibilities, such as ensuring the quality, legality, and integrity of the medicines they provide to patients, as well as educating these patients on the proper use of these medicines. Additionally, these professionals offer consultation to a range of customers seeking anything from Advil to cough medicine, diagnosing symptoms and suggesting over-the-counter solutions.

The schooling for this position has a minimum requirement of a Doctor of Pharmacy degree. After being accepted into this program, there is a two-year pre-professional course students must take, which includes chemistry, anatomy, biology, physics, and physiology.

5. Computer Systems Analyst

In this tech-enhanced age, it’s no surprise to find this positon on the top-five list out of all the jobs available in the good ol’ US of A. Though it’s a lesser known career path, it has fingerprints all over businesses and the market; even if you haven’t heard of them before, you’ve seen their work. Simply put, a computer systems analyst is in charge of bridging the gap between the IT department of a business and the rest of the business. No company in the modern age — no matter their field — can function without the use of the latest technology, and the computer systems analyst ensures the IT department functions properly while ultimately serving the greater needs of the company.

This entails a great deal of knowledge in many fields, not just computers, and their daily tasks can include analyzing data processing problems, enhancing system compatibility, calculating memory and speed requirements, and consulting higher-level businesspeople to focus the purpose of the IT department. This jack-of-all-trades skill earns them $83,800 a year with 120,440 expected job openings in 2015, though staying low on the list with a 2.5% unemployment rate.

These have been five of the top careers of 2015. If you’re looking for a position that will offer great wages, many responsibilities, and an admirable amount of esteem, then these fives choices should be the first on your list to consider.

Always Feeling Tired at Work? Try These 5 Tips to Boost Your Productivity

Do you feel yourself losing focus, energy, and drive during work? Perhaps you didn’t get enough sleep the night before or simply feel unmotivated to handle the day’s tasks, resulting in your feeling fatigued and tired, longing for a nap.

boost productivity

It happens to the best of us, but with these five tips, you’ll be able to fend off the tired feeling and boost your productivity.

1. Workout

The body utilizes a series of chemicals to determine when we are tired and when we are alert. While caffeine will boost your body instantly, physical activity drives endorphins and adrenaline through your veins and “wakes up” your brain in a healthier way. If you’d rather not go to the gym during work hours, or don’t like gyms in general, there are a few easy ways to get active in the office.

-       Stretch.

There are a variety of stretches, but many are very simple. You can stay seated and lift your hands to the air, extending your back before bending your arms backwards, touching the back of your head. You can also stand and reach down to your toes, bouncing slightly to stretch your back, legs, and arms. After this, you can place your heel on your desk and stretch forwards to touch your toes, in a motion you may have seen used by ballerinas, stretching your legs, back, and arms. These are simple movements that will boost blood flow and make you more alert.

-       Run up the stairs.

During your break, or if you need to use the copy machine, fetch a drink, or speak with a coworker, you can use the stairs to boost alertness. The activity of walking alone will make you more awake, but by breaking into a light jog, you are making your body pump more blood. The better your circulation, the better and more awake you will feel.

-       Jog in place.

Like stretching, you can do this in your office. Simply stand and bounce your feet up and down in a stationary position, as if you were jogging without moving. This boosts blood flow without requiring you to leave your desk.

2. Change Your Task

Repetitive tasks end up creating a groove in our minds, allowing us to complete them without thought, making your brain turn to sleep in this inactive period. This is why you count sheep when going to sleep – you are repeating the same unchanging task over and over again. By breaking this routine, you are making your mind become more alert and this boosts productivity.

-       Take a break.

Use this opportunity to retrieve a drink or a snack, take a walk around the office, or even check your personal social media. Be sure that this is a regulated amount of time — otherwise you will be wasting valuable productivity. Five minutes at a time is suitable.

-       Handle a different project.

If you wish to change up your routine but don’t want to leave your duties, try switching to a different project and addressing that task. For example, if you are a graphic designer, try working on another design instead of your current one, or perhaps a different feature of your design. This allows you to re-center your focus, “reawakening” your brain while still completing your workload. This is particularly effective if you are on a deadline or have several tasks to handle throughout the day.

-       Answer emails.

While answering emails can be distracting from completing actual work, it can be a helpful change of mental environment if you are feeling an afternoon lull. This allows you to engage a different part of your brain while still accomplishing important tasks.

3. Listen to Music

Listening to music keeps a portion of your brain alert while completing routine tasks, allowing you to handle projects without slipping into a lull. Music with lyrics will keep you more alert, but can also be distracting; while it’s possible to tune out the words, this can take time and concentration. It’s recommended that you listen to instrumental music like classical piano or violin, or if this is too slow, more modern and upbeat songs like dubstep. So long as it lacks lyrics, your mind will be able to tune out the distraction while still being stimulated by the sound.

4. Get Adequate Sleep

While going to work after only three hours’ sleep is an appealing concept, the most common cause of the afternoon lull is natural fatigue. Your body feels exhausted and is trying to make up for its sleep deficiency by making you sleep now, when you should be working. Be sure to sleep a healthy eight hours each night, and your body will feel well equipped for taking on the day and handling tasks without this fatigue.

5. Stay Positive

While a great deal of the lull is physical, a portion is psychological. Be sure to keep a positive attitude while you are working. This can include whispering confident pep talks to yourself as you handle tasks, congratulating yourself as each task is finished, and generally having a positive outlook on the day. While this may seem silly, a positive view generates energy, which is why you don’t feel fatigued when enjoying a hobby or eating a delicious meal — you are alert because you are excited about the activity. By being positive — or forcing yourself to be positive — your body will feel stimulated in response. For example, if you receive an extra, unexpected task, rather than being resentful about it, say “No problem, I can totally do this; and handling this will make me look like a hard worker.” This may be difficult at first, and perhaps you’ll feel silly, but it will have real results.

Everyone has moments where they feel tired at work – to the extent of coining the phrase, “Afternoon lull.” By exercising these five tips, you’ll be able to combat the fatigue and boost your productivity.

CoWork. Collaborate. Create.

The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

How To Make The Most of Your CoWorking or Shared Office Space

By now you’ve picked the ideal coworking or shared office space for you and your business. Now what? If you want to make the most of your experience at your shared office space, you want to do much more than just sit at a desk with your laptop. Coworking  and share office spaces offer endless opportunities to grow your business.

coworking space

  1. Attend events – Most shared office spaces host a variety of events. Community events such as movie nights or game nights, happy hours, expert panels for a variety of industries, etc. Pick some that interest you, and you may be able to connect with people at your coworking center that share similar interests.
  2. Strike up conversation – People choose to work in shared office spaces so that they can meet other people, so don’t be shy! You never know where your next conversation can lead.
  3. Be friendly with all staff members – The staff members, ESPECIALLY office managers and community managers, know everyone at your center. If you need a particular service or want to connect with someone offering a particular service, they’ll know exactly who to connect you to. Plus, you’ll always be in the loop (this is one of the best ways to take advantage of what the CoWorking space offers)!
  4. Ask to HOST an event or office hours – You offer a particular product or service, and there’s a high chance that someone within your coworking space has a need for that product or service or knows someone else that does. By hosting a lunch and learn, a small seminar, or office hours, you get to meet the members of your coworking space that have the greatest need for your business. You also get the added benefit of meeting more people at your coworking center, as well as free marketing.
  5. Network, network, network – Keep in mind that  your next client could be the person that works right down the hall from you!


Cubicles or Open-Space Plans: Which is Best for Your Office Space?

There is a great debate about which is better – open-space office plans or cubicles? As of late, the open-space plan has become more and more appealing to a variety of businesses, while the cubicle design is a tried and true method. Workers have conflicting opinions about the quality of both, and employers themselves have experienced heated debates between the two.

mixed office space

This can make deciding on the ideal method for you and your office difficult. Which is really better? Here, we will list the three things you must consider when deciding between an open-space plan and a cubicle design, and the pros and cons of each.

1. Consider Your Workers.

Each individual is unique in their working methods and their personal preferences. When designing an office, it’s important that your selection suits the unique set of individuals you’re employing, because the wrong choice can keep your business from functioning at its maximum potential and capacity – and even achieve the reverse. You must be sure to consider your employees’ strengths and weaknesses.


Pros: Studies have shown that introverts preform at their best when they’re able to seclude themselves away from crowds to concentrate. These workers are recommended as fast and efficient employees, but require privacy. A cubicle provides this necessary tool in a crowded workplace, allowing this type of employee to focus and avoid distractions.

Cons: Cubicles discourage interaction, making each employee an island. Employees that thrive on interaction will be handicapped, and even introverted employees can begin to feel enclosed and “caged,” not allowed out until the work is done. This can make your employees feel trapped and disconnected from their fellow workers, creating “tunnel vision” that stifles creativity.


Pros: There are many workers that feel their most creative and productive in a community environment. By having an open office space, it creates a social environment where everyone “works together.” This can encourage bonding and trust among your employees, creating collaboration and helping projects be finished in a timelier manner.

Cons: The greater the interaction, the greater the distraction. Even while going about normal work, your employees will create movement and noise that constantly draws the eye and attention of other employees. This can be a harmless action, such as standing to retrieve coffee, but that activity will keep your employees aware of their surroundings instead of concentrated on their work. This can lessen the quality of the work being produced and also its speed.

2. Consider Your Business Type.

Certain fields attract certain types of employees. Perhaps you run a company specializing in entertainment; it is likely many of your employees will have extrovert qualities. If your business focuses on journalism, it’s common for the majority of those workers to be introverted. While you are considering your employees and the best choice for them, take your business type into consideration.


Pros: If your business is very technical in nature, such as a telemarketing or banking, having a more clinical and confided environment can help encourage the technical-based focus required. This provides the privacy needed for handling delicate information or communicating with clients securely.

Additionally, cubicles allow employees to customize their environments to own needs. For creative businesses, the ability to add personal flare to a workspace can determine comfort, making employees produce faster and at greater quality. For technical businesses, wall space allows employees to hang graphs, charts, and other work-related documents to boost productivity.

Cons: While encouraging focus, an enclosed space also discourages interaction. It makes it difficult for employees to communicate with one another or collaborate on projects, which can slow productivity.


Pros: For more creative fields, the open-space style creates a friendly environment that makes employees feel more comfortable, encouraging creativity. As well as this, easy access to other co-workers allow employees to talk through ideas or obstacles – creating solutions, creating something new and unique, and delegating work at a fast pace. This can lead to a product that is the best of many minds.

Cons: Again, open-spaces cause distraction, and workers can waste valuable time talking rather than actually working. The lack of privacy also increases the chance of delicate information being leaked. If you run a company which deals with sensitive information, your clients must feel secure in order to share and handle this information.

3. Consider Your Working Style and Needs.

The work being done has a significant influence on the working method needed. Banks, for example, are known for being more clean and professional in nature to encourage focus and technical-based work, while more artistic companies feature colors and activity to encourage creativity.


Pros: Since they help your employees focus, cubicles encourage faster production. If your business habitually deals with tight deadlines, this will allow your workers to produce faster and more effectively by eliminating outside distractions that could halt production.

Cons: This privacy also allows workers the ability to engage in things outside of work, such as personal calls, surfing the internet, or playing games on their phone. With the chance of being caught removed, it makes it easier to avoid their work.


Pros: If your business requires many people to be working on the same project, an open-space design will allow them to communicate fast and effectively. While there are more distractions, it also encourages more dedication to the work at hand; as a public space, it’s difficult to surf the internet without detection. This discourages procrastination.

Cons: The lack of focus can slow production, as this constant communication can lead to more time being spent talking than actually working.

When choosing between an open-space office design and the classic cubicle look, there are many things to consider – all of which will have a profound result on your business and employees. By keeping these things in mind, you can tailor your choice to be the perfect selection for you.

CoWork. Collaborate. Create.

The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

6 Habits of Highly Successful People

We often look at successful people and view them as a different breed; people who are simply hardwired to achieve greater things. They see what we do not see and this allows them to do what we cannot do. However, their advantage isn’t genetics; it’s discipline, hard work, and a few tried and true habits that maximize their efforts.

steve jobs

These are six habits of highly successful people, and if you apply these to your daily life, you are capable of achieving the same success.

1. They Wake Up Early

A poll taken by several CEOs states that over 90% of them wake up before 6 AM. Perhaps you don’t go to bed until 6 AM – how else are you going to marathon every episode of Game of Thrones? – but statistics show successful people tap into their biological clocks and make them conform to this schedule, resulting in great benefits.

-       You’re more productive.

We’re naturally programed to relax in the evenings; this is when we wind down. Even if you don’t wake up until noon, your body knows it’s the middle of the day and functions at a different capacity. By waking up early, you’re falling in sync with the natural rhythm of your body and operating better.

-       You have fewer distractions.

As few others wake up early, you’ll find there are fewer distractions. Social media will be quiet, your friends won’t be texting you, and any obligations outside of work will be many hours away instead of bearing down on you.

-       You literally have more time.

If biology wasn’t working against you, your mentality certainly is. Cultural influences have made afternoons a time for relaxing and evenings a time for recreation, courtesy of “Miller Time,” and the like. By waking up early, you have greater focus, since this time of day hasn’t been mentally programed as “watch Netflix” time or “hanging out with friends” time. Though the clock may be the same, you feel as more hours have been added to the day – hours that can be devoted to achieving goals.

2. They Create Something

Polls have determined that the majority of successful people – CEOs, entrepreneurs, political leaders – take time at the end of the day to create something, even if they feel fatigued. It’s an outlet.

Outlets are very important to keep your mind operating smoothly. Stress and fatigue throughout the day begin to instill a sense of being “burned out.” Hobbies such as drawing, crafts, writing, and such allow you to drain out these negative emotions, clearing your mind for the next day. Success requires you to be functioning like a well-oiled machine, and outlets balance the mind and body.

-       It leads to inspiration.

These creations could service your productivity, inspiring something new for work. Perhaps you are drawing slightly embarrassing My Little Pony fan-art — something you’d never wish to connect to your work life — but as you are doing so, you have inspiration for a new color scheme in a client’s design or a different marketing method including a sense of community. These are leaps that may never have occurred to you with taking the time to unwind and let your mind wander.

3. They Read

Every person who has experienced extra success boasts of their impressive collection of books. By reading often, you are broadening the scope of your knowledge. People of high intelligence are great achievers in life, as uncountable cases have proven, and the best method of increasing your intelligence is by reading. Many suggest nonfiction books both inside of your chosen field and outside. Inside to improve your knowledge on work-related tasks, and outside so you can learn new, unrelated methods and apply them to your field. For example, Sun Tzu’s The Art of War is suggested by many CEOs, as it provides advice on leadership and strategy, which can be applied to more than battle.

4. They Exercise

Not every CEO is Batman, but a great deal of them are physically fit – though this is intended to boost productivity, not fight crime.

-       This keeps you mentally alert.

Exercising releases chemicals like endorphins into the body that raise positivity and make you feel alert. This makes you think at your greatest capacity, accomplishing more. Successful people often work out in the mornings before work to prep for the rest of the day.

-       This keeps you healthy.

The mind is deeply affected by the body’s condition. By keeping a steady exercise routine – in a gym, not on rooftops – you are ensuring your body runs like a well-oiled machine, prolonging your life. Additionally, a fit body is a productive body, raising your endurance to handle overtime or strenuous activities.

5. They Ask for Help

Successful people rarely achieve success all on their own. Humans are designed to be community creatures.

-       This allows more work.

The more hands on a job, the more can be accomplished, and this results in a greater profit for all parties. We often look to the CEO running a company and credit them the success, but their success is thanks to the many hands on the project.

-       This expands on creativity.

Two minds are better than one, and by outsourcing work to many people, you are setting many creative minds on the job. Others may see what you‘ve missed, or think of new innovative ideas.

6. They Are Focused on Productivity

Successful people are in the habit of focusing their time to what truly matters. Answering emails is an important task, but takes several hours, distracting you from accomplishing vital work. Successful people know how to be objective; perhaps save email-answering for the end of the day, that way if time requires you to make cuts, it’s not your actual work which will suffer. Focus on the important things first.

Success is something that’s earned, not magically stumbled upon. By applying these six habits to your life, you’re equipping yourself to be highly successful.

CoWork. Collaborate. Create.

The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

How to Select the Ideal Coworking Space for Your New Business

A coworking space is much more than simply a location for you and your employees to work. There are many factors to consider when making your choice on the proper space. The ideal location should boost productivity, encourage focus and cooperation, and serve as a perfect area for your employees to produce at their greatest ability. Additionally, as a business owner, there are many unique considerations that come into factor, such as cost and any assets included within the space. All of these details can make the decision confusing and difficult.

ideal coworking space

However, with this list, you’ll find several things to consider when choosing a coworking space for your business. Keeping these things in mind when viewing potential locations will ensure you make the best decision for you, your business, and your employees.

  1. Cost

The first and most important consideration is the cost of a coworking space. The saying, “You get what you pay for,” is certainly tried and true, so when viewing potential spaces, understand that attaining a “great deal” may not be the wise choice. The perfect area may be costly, but will benefit the business in the long run by boosting productivity and eventually profits. High-class areas, booming business districts, quality buildings, and proper accommodations will all raise the cost of the location. However, this does not mean the most expensive choice is the best. Overspending can also be a downfall of your business. If you spend a great deal on a coworking space, you may not have the budget to invest in vital things required to actually manage your business. So when you’re making your choice, be objective in the decision; something’s price does not always determine its quality. Be willing to pay more for a quality location, but don’t overspend.

  1. Noise Levels

No matter your business type, it’s important that your employees are able to focus. Unnecessary distractions will draw attention away from work, losing the momentum needed to produce at their most quality level. When choosing a coworking space for your business, be sure it’s in a location that will provide noise control. This can mean choosing a building with soundproof walls, or selecting a location in a quiet rural area. If you place your employees in an environment constantly under construction with loud equipment, or in a busy traffic area with roaring cars, or near a park with many barking dogs, they end up suffering and so will the work.

  1. Space

It’s important than your coworking space is the proper size to accommodate the amount of workers you’ll be housing, and also have additional room for expansion. It is not cost effective to relocate your entire business after hiring on a few additional employees. This would also slow down productivity, as the move will be jarring to your employees who will require time to readjust. It’s important that your choice is cost effective and logical, but also leaves room for future improvement.

  1. Appearance

A coworking space should not only boost productivity and encourage your employees to work, but it should also be visually appealing to clients. Whether you are renting a single level or an entire building, your coworking space’s appearance is crucial, as it’s generally your introduction to clients. Customers will see your building before they see your services, and they will see your working environment before they speak to your employees. Be sure the location you select represents your business accurately. If you wish to be seen as professional and competent, having a building which appears as such can be a determining factor in attracting clients to your business or driving them to the competition.

  1. Your Business Type

The working environment is supposed to encourage productivity, so it’s important than the space matches your business type. For example, if you manage a design company, having a coworking space which is bright, full of colors, and very specious may encourage creativity in your workers. However, for an accounting firm, a more organized and enclosed space that allows concentration and focus will fit your business; additionally, dimmer colors which are not distracting will help your employees worker harder and more efficiently. When choosing a coworking space, be sure that it fits your business type.

  1. Accommodations

The proper coworking space will need all the available accommodations present for you and your employees; this will allow you to work seamlessly without needing to go to an outside location. There are a range of “necessities” that will vary depending on your business. Be sure to consider your business type and your employees, and decide what is necessary for a productive work day. This can include a kitchen to encourage employees to eat on-site rather than leaving, shifting their focus away from work and onto an outside distraction. If you conduct many large meetings or briefings, having a conference room will be important.

Other things which are considered frivolous may be essential to your business type; for example, if your business is in entertainment, having a game room for your employees to relax and be creative may in fact boost the quality of their work and productivity. However, having a game room in a bank could accomplish the opposite, as their work type requires little creativity; unless the end of the world begins before lunchtime, being well versed in killing Nazi Zombies during work hours has little benefit to the business. Consider your business, your employees, and the likelihood of the apocalypse before making your decision on a coworking space.

A coworking space is far more than just a place to work; there’s a delicate visual and mental balance which can determine if your business thrives or suffers. These decisions affect not only you and your employees, but also potential clients. With this in mind, it’s crucial to take all the details into consideration for your choice.

When making your decision, keep these things in mind and you will choose the perfect location.

CoWork. Collaborate. Create.

The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

Health and Wellness Programs for Your Small Business

Recently, an increasing number of companies have integrated Health and Wellness Programs into their daily work environment. These initiatives come in a variety of different forms: whether it is eliminating unhealthy snacks and replacing them with wholesome organic snacks, or sponsoring a companywide 5k run, the possibilities are endless. Although it may seem that as a small business, you may not have the budget to allocate to creating a successful wellness program, you would be surprised at how much money a small business would actually save by having wellness initiatives for their employees. Here are some options that small businesses have to incorporate wellness into their work environment, and the benefits they provide for the overall success of the company.

1)      Have everyone record the number of steps they walk each day (either on your iPhone or using a pedometer). The person who walked the most steps at the end of the week wins a prize, such as an extra vacation day.

2)      Partially reimburse gym memberships

3)      Provide healthy food options in the office – either snacks or lunch once or twice a week

4)      Host in-office meditation or massages once a month.

5)      Promote preventive care such as flu vaccinations.


Of course, this all seems like it would cost a hefty sum for a small business. However, it is very important to factor in the money you will be saving by implementing just a few minor health initiatives. Wellness programs actually save the company money in the long run. In fact for every 1$ a company spends on wellness programs, they save 3$ in long term health costs.

By promoting a healthy lifestyle your company can benefit in many ways:

  • decreases stress for employees
  • increases productivity and overall job performance
  • decreases the number of sick days/ unscheduled absences
  • increases employee satisfaction
  • decreases ER & doctor visits
  • decreases prescription costs

If you are a small business operating out of a business center, shared office space, or coworking space, you will have the added benefit of having many resources at your disposal to help you get a program in place. Make sure you take advantage of as many of these opportunities as possible, and see what a difference it can make for your small business!

5 Ways to Help You Start a Productive Work Week

Every week starts with the best intentions; this time you’ll double productivity and quality. You won’t get distracted, no matter how shiny something is. But “shiny” comes in many forms; the coworker who needs help on a project, a friend with a personal emergency, or unexpected emails to replied to. And, oh, the most crippling “shiny” of all… The Internet sings its siren song of cat videos, and then hours have passed with you not having completed the workload in mind.

fresh start

It happens to us all, but there are ways to overcome this. With five special techniques, you can bring your focus to heel, boost your motivation to succeed, and end the day feeling accomplished – about work, not your Tetris high score.

Here are these five easy ways:

1. Mentally prepare yourself.

-       Place yourself in the mindset to enjoy work.

Rather than thinking about how much work must be done and how much you want it over with, focus on the work itself and what elements you enjoy. By focusing solely on “after work,” you are making your workload something to be dreaded and muscled through. If you enjoy your work, your productivity will be greater and so will your quality. Clear your mind and set yourself in the spirit of enjoying your workday; tackling the challenge and not overcoming the burden.

2. Physically prepare yourself.

-       Eat a solid breakfast.

More cereal commercials than can be counted – or for the sake of our sanity, should be counted – have stated that starting the day off with a hardy breakfast is the key to a productive day. Just as a car needs fuel to run properly, the body requires sustenance to bring all systems online. By eating a good breakfast before work, you’re beginning your day with a mind that is energized, alert, and functioning at maximum capacity.

-       Exercise.

Many leading experts recommend exercising in the mornings before work. This releases chemicals like endorphins into your body which are designed to boost alertness, feelings of positivity, and creativity. On a biological level, you are starting up all your body’s systems and telling them to prepare to hit the ground running.

3. Create a thorough schedule

-       Divide the work properly.

Be sure to cut the work down into bite sizes. Use a calendar or day-planner to write down all the tasks that need to be completed, and then divide these tasks according to deadlines, their size, and how fast you can complete them. By doing so, you are setting yourself on a strict course, ensuring you take the right actions at the right times. If you are balancing multiple projects, this is crucial to properly multitasking. This also prevents the need to handle an entire task in a single day, either burning yourself out or failing to accomplish it.

-       Be specific.

Be very detailed in scheduling out not only the week but the day. Schedule each project, each client you must speak with, and every detail you can foresee in the workday. This can even include when you take your breaks or make personal calls. Even if you are a more freelance-type worker, preferring not to schedule down to the minute, having these thorough schedules will serve as a rough guideline to keep you on track.

4. Reconnect.

-       Reply to all emails and calls immediately.

When returning to work, it’s important to ground yourself and see where all the pieces are on the chessboard before you begin. Over the course of the weekend, details may have changed, new projects may have developed, and unforeseen troubles may have arisen, so be sure to respond to all your correspondences immediately. By doing so, you are setting things in motion, which will continue in motion after you begin your actual work. This prevents situations where, for example, clients decide they don’t need your services after all, though you’ve already finished the project.

-       Address correspondence based on their deadlines and importance.

Reconnecting can be a daunting task, especially if your inbox looks more like a mob – pitchforks included – than a group of emails. Just as you divide your work based on significance, you should reply to emails and voicemails based on the project, its importance, and how soon the deadline is. This will give you focus and ensure each project is handled on time, rather than being left behind due to a bottleneck.

5. Stay Focused.

-       Start with the biggest and most important projects.

You begin your workday full of energy, and that energy is essential for handling large tasks that would be too great at the end of the day. This also applies to the week; be sure to handle the largest workloads in the beginning of the week, before you start craving the weekend and lose motivation. In addition to keeping you focused and productive, it ensures you don’t reach the end of the day or week to find yourself overwhelmed and unable to finish a project.

-       Postpone distractions

As distractions arise, it can be easy to think “oh, this will only take a minute,” and stop work. However, this is crippling to productivity. Momentum is a vital key to productivity and any time your concentration is broken, you lose momentum. If the distraction is not vital, such as a client emailing you about an immediate project, then cast it aside and plan to address it later. For example, if your coworker wishes to speak to you about something irrelevant to that workday or project, inform them that you can’t speak right then and schedule a time to speak with them later. Be sure to write down these little distractions in your “reminders” list so they can be addressed later.

We all work for a living, and we all wish to work at our best. With these five helpful tips, you’ll have started your work week off as energized and prepared for your tasks as possible.

CoWork. Collaborate. Create.

The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

3 Reasons Why Working From Home Can be Unproductive

Workers are joining the ranks of telecommuters in order to save money and time on long commutes. Employers are also utilizing remote workers in order to save on office costs. Something that should be evaluated first before one considers working from home – Is if working from home is actually a productive working environment.


According to a 2013 American Community Survey, an estimated 29.6% of males, and 32.2% of women worked from home in some fashion or another that year. Telecommuting is nothing new in the modern American workplace, but neither are some of the negative downsides to working at home that some people have unwittingly encountered.

Why working from home can be unproductive because of:

1.      Distractions: 

There is a long list of distractions that are possible from working at home or in a coffee shop environment when telecommuting.

Not surprisingly, children are number one on the list of distractions, followed by spouses, pets, neighbors, telemarketers, and door to door solicitors, all diligently standing in line to interrupt your work on a daily basis.

It is human nature, love, and natural curiosity that one’s children feel the compulsion to ask you what you are doing every 15 minutes. Not to mention their spouses perceived obligation to vent about household duties that they feel are being overlooked, or seemingly pressing daily issues that cannot be put off to a more convenient time.

Anyone who has worked at home and repeatedly tried to sit down with in-house family members and explain that, although you appear to be home instead of at work – You Really are at Work! – Can relate to this fact of life. For most people, this turns out to be a frustrating lesson in futility.

Unfortunately, these distracting ongoing problems that most people encounter when trying to accomplish their work at home, happen regardless if one has a downstairs full office with all of the necessities, or just a desk and a laptop in the middle of their living room.

Freelancers and telecommuters who choose a coffee shop environment to camp out in all day, find equally distracting detractors as well, in the form of noisy patrons, busy breakfast, lunch, and dinner rushes, all fraught with busy and chatty patrons. Plus lonely/crazies who come up to perfect strangers in a coffee shop and ask “what are you doing,” or feel the need to sit at your table.

On the flip-side, people who work at home and have no children, spouses, nor barking dogs, meowing cats, or merrily chirping caged birds, tend to find that the environment of working at home is entirely too quiet, lonely, and devoid of “good” distractions that working in an office environment provides the worker, not to mention positive human interactions that are known to enhance worker productivity.

2.      Lack of associate networking: 

One of the most recognized pitfalls and management misgivings about authorizing their employees to work remotely is the lack of team effort in a home working environment. This reality of working at home can be termed “Watercooler Loneliness.”

A worker’s effectiveness on group tasks, interaction with fellow employees, clarifications with management and coworkers, proper decision making abilities on the fly, and resource capabilities can all be compromised by the isolationism induced from working at home.

In 2013 Yahoo’s CEO, Marissa Mayer, sent shock waves through the company and social media by decreeing a companywide ban on telecommuting; dismaying, blindsiding, and downright angering many employees in her working ranks, some of whom had liberal working agreements that specifically included the option of working remotely.

Mayer stated the lack of networking with management and fellow employees as her main reasons for making the controversial and unpopular move of banning telecommuting for Yahoo employees.

3.      Lack of proper facilities and tools:

Lacking all the many productivity tools that are offered employees in the standard office environment can be a mitigating factor in causing unproductivity in a home office setting.

This is why many people who telecommute choose coworking in short-term rental facilities which offer co-sharing working environments with all the common office amenities, such as high-speed internet, computer stations, communal copy rooms, meeting rooms, quiet spaces, and guest lounges.

The downside of cosharing a work environment at one of these facilities, rather than working at home is, of course, the added expense of the rental plans. Coworking facilities are not cheap! One thing that working at home, or even renting a coworking space both lack, is the expensive computer programs and applications that are stored on company servers, and on-site office computers. These are some of the aspects of working at home, or at another location, which can severely affect a worker’s productivity.

Having the proper office tools at home one needs in order to properly do the task at hand, is going to be a major contributing factor in whether or not one can successfully pull off working at home, or whether it just isn’t feasible or cost effective.

Yahoo’s internal Human Resources memo when banning telecommuting in 2013 stated that, “Face-to-face interaction among employees fosters a more collaborative culture.” There have been numerous studies that both confirm this perception, and also refute it. Most acknowledge that people who work at home spend more time working on their projects than if they are chained to their desks at the office. Then again, many studies show that the lack of human interaction makes them less innovative and groundbreaking while doing so.

The debate on working in a traditional office environment, vs. working at a home office, is still raging on today, just as it was in 2013 about the merits and pitfalls of telecommuting. The main factors in considering working from home will of course always depend on the type of work being done, the access to vital business tools and programs, security, and of course will include the number one complaint by telecommuters – Home Distractions.

All these elements should be thoroughly considered before deciding to work from home. Or risk joining the ranks of lamenting home workers sitting in their basements or living rooms, who belatedly wish they had stayed at the company office with the rest of their fellow coworkers.

CoWork. Collaborate. Create.
The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

5 Ways To Stay Fit At Your Workplace, Cubicle or Desk

Let’s face it, many of us now live a more sedentary life style. A disproportionate number of us work in offices, sit at desks all day, locked into the digital world of our PC’s and Macs. We have to endure hours sat in meetings. We even spend valuable lunch times in front of a computer screen catching up on work that needs to be completed by the end of the day.

Along with a less active work life, and an increase in stress, many of us get home too tired to do the all-important exercise that could improve our health and give us more energy.

For those short of time, there are numerous benefits to incorporating exercise into your daily work routine, including:

- Increasing the level of endorphins in your brain and raising happiness levels.

- Helping to prevent those lulls in the working day when energy levels drop, particularly

after lunch.

- Boosting performance by making you livelier and ready to take on new challenges.

We all know exercise is good for us. The good news is that getting it into your daily routine is pretty easy and something anyone can do.

What’s more, it can be a whole lot of fun.

1. Find opportunities to walk

Walking is one of the best exercises that you can bring into your daily routine and the great thing is it’s free. There are a number of ways you can increase the amount you walk and therefore improve your overall health.

office walk

- If you drive to work, then park further away and add a few hundred yards onto your daily routine.

- Rather than take the lift, try the stairs once in a while.

- Don’t spend your lunch hour staring at a wall in the staff lounge, get yourself out into the fresh air and have a walk round.

By simply doubling the amount you walk during a working day you can dramatically boost health and improve your level of fitness. In fact, according to some research, regular walking is better for us than jogging and can help to reduce the risk of heart problems.

It’s also a great way to reduce the stress we all encounter in our everyday working lives. During a typical day, our concentration rises and falls with each passing moment. A quick walk can refocus your attention and make you much more productive.

2. Eat and drink properly

Staying fit in the workplace isn’t just about getting enough exercise. What we put into our bodies during the working day is just as important. It starts with having a good, healthy breakfast that gives you a steady release of energy throughout the morning. Snacking on fruit and nuts can also give you an additional boost and having something equally healthy for lunch can ensure you get through the day fully optimized.

eat healthy

We all know what is good for us, of course. In reality, it’s a little harder to make sure that we eat the right foods. Those chocolate bars your work colleague brought in look mighty good. And that packet of potato chips would be just the ticket as you wrestle with a difficult work problem. Eating the right foods is all a matter of habit. If you want to change what you consume during the working day then do it gradually.

Replace a chocolate biscuit with a healthy, energy giving banana. Rather than crisps try some nuts and dried fruit. Rather than settling for a burger and fries at lunch, which may send you to sleep a little later, try something like a high energy salad with an oily fish like salmon.

Not only is food important, what you drink is vital too. Water feeds the brain and raises energy levels. Over 70% of our bodies are made up of water and getting dehydrated can cause a dip in energy levels and reduce performance. Try to avoid excess caffeine and stay away from those sugary drinks if you want to maintain your health and fitness over the working day.

3. Alternatives to the office chair

Chairs are good, we all know they are. But how about changing your trusty seat for something a little more energetic. Swapping to alternatives like a yoga ball can make your work day a lot more enjoyable. It allows you to exercise whilst sitting at your desk and can dramatically improve fitness without trying very hard.

sitting on a yoga ball

Another good option is to go for a standing desk where you don’t sit down at all. These are specially designed workstations with the level of the desk higher than normal. Having a few standing desks in the office can help raise the energy levels of the workforce.

If you work in a call center you don’t have to spend your day locked into that chair. Getting up not only frees your body, it also frees your mind. You can do exercises during the day including presses against the desktop or squats to get the blood flowing. In fact, there are no end of exercises you can do whilst answering that next call.

4. Get a mini-cycle workout

If you like your gadgets then there are plenty on the market nowadays to get your muscles working. The mini-cycle was invented initially for medical use to get heart attack patients healthier without having to leave a chair. It’s a great little device to fit under the desk and allows you to work those leg muscles whilst getting on with your job.

mini cycle workout

You can now also get gym chairs that have various tension ropes that you can pull on to work your arms and shoulders. If you have the money to spend you can even get a workstation treadmill. And, if you don’t have a lot to spend, you can always work out on the cheap – that full water bottle weighs a couple of pounds, ideal for a few shoulder presses. With a little imagination you can find all manner of ways to stay fit at work.

5. Group exercise is fun

We often treat daily exercise as a solitary activity unless we are taking part in a sport. Getting the whole office involved in a fitness regime can not only improve everyone’s health but also promote better relations between staff and superpower morale. This can include a set time for an exercise regime such as lunch classes or a game in the office where each staff member in turn has to do a quick set of exercises. Setting up areas where people can undertake a quick and easy period of activity, such as installing a punch bag or cycle machine, can be a cheap and effective way to keep everyone engaged and at peak performance.

group excercise

Exercise is good for us. Incorporating it into a daily work routine is easy and it doesn’t have to cost that much. You might like going to the gym and working out on those hi tech machines in the evening, but you can also keep your energy levels up by simple changes to your time in the work place. Not only will it improve your performance but it will also keep you fit for years to come.

CoWork. Collaborate. Create.
The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

Corporate Suites Recognized As 5th Largest NYC Shared Office Space Center

We are proud to announce Corporate Suites was recently featured in The Real Deal, as the 5th largest provider of Shared Office Space in NYC. 

NYC’s office sharing stars
By Janna Herron June 1, 2015

In New York City’s shared-office world, there is WeWork and Regus, and then there is everybody else.

That’s according to The Real Deal’s ranking this month of the largest shared-office players in Manhattan, Brooklyn and Queens.

The two companies represent the two different wings of the shared office space world: the traditional executive-suite model that Regus specializes in, and the newer, hip WeWork-style co-working spaces that cater to freelancers and creative types. And while the WeWorks of the world clearly have the momentum, both office-sharing models are expanding.

The companies on TRD’s ranking operate over 4.7 million square feet of space at 126 locations, ranging from sites at iconic office towers like the Empire State Building to converted industrial spaces.


WeWork, which launched in 2010 and is said to have a market valuation of $5 billion, took the top spot with 1.85 million square feet at 21 locations. The company has, of course, made a huge splash in the industry during its short lifespan.

Regus, a public company launched in 1989 and based in Luxembourg, came in at No. 2. The firm, which has locations in 900 cities in 120 countries, quietly doubled its New York footprint in the last five years. It now has 1.47 million square feet at 48 locations, with four more on the way, including 23,000 square feet in Chelsea that it leased last month.

While most of its spaces are in Midtown or Downtown, Regus is also expanding to Harlem, said Maria Paitchel, regional vice president overseeing the company’s New York market.

Jay Suites, Virgo Business Centers, and Corporate Suites rounded out the top five, but had far smaller footprints than WeWork and Regus. Nonetheless, many of the shared-space providers have either recently opened new locations or are prepping spots for debut this year. And despite the influx of new spaces coming on the market, the industry does not appear to be concerned about oversaturation in the sector.

Hayim Grant, the president of Corporate Suites, which has nine locations, all in Manhattan, said demand is growing in the sector, because the spaces provide “flexibility and little capital investment” for those who sign leases.

“The facilities are larger and nicer than anything a small company can lease on their own,” said Grant, whose firm has roughly 169,000 square feet.

Plus, the growth of the industry has dispelled the idea that only makeshift operations need to share office space.

“The stigma that a company is not established in this kind of space is gone,” he said.

The WeWork Effect

While Regus has long dominated in this industry, in the last five years, WeWork has shaken up the status quo. The company is opening new (and big) spaces at a rapid clip.

It also reportedly raised $362 million in venture capital from deep-pocketed investors like JPMorgan and billion-dollar real estate mogul and publisher Mort Zuckerman.

Company co-founder Adam Neumann has said he wants WeWork to be a place where start-ups and entrepreneurs collaborate on new business ideas, rather than just share reception areas and kitchens.

While WeWork declined to comment, the company has been generating buzz for a while, perhaps because of its free beer, stocked refrigerators, Foosball and Connect Four games that it provides. Commercial real estate players say the company has changed the office sharing game.

“Executive suites were never geared toward creative tenants, but that started to change when Midtown South became very trendy,” said Jeff Nissani of Marcus & Millichap, who has represented several shared office providers in lease transactions. “WeWork became the dominator and took the business model to the next level.”

That domination is clear from the quick pace of its expansion.

In December, WeWork inked a 125,000-square-foot lease at 205 East 42nd Street. In February, it signed a 240,000-square-foot lease at 85 Broad Street. In March, it inked an 180,000-square-foot deal at 1460 Broadway, and in April it took 136,000 square feet at 315 West 36th Street. In addition, the firm reportedly has several hundred thousand square feet in the pipeline at the Brooklyn Navy Yard.

The 1460 Broadway deal is WeWork’s first foray into Times Square. “They have a fantastic business plan implementing a cool space for entrepreneurs,” said Leslie Himmel, whose firm Himmel + Meringoff is the landlord there and at another WeWork space.

And the company does not appear to be slowing down.

Last year, WeWork told Forbes it plans to expand to 60 locations worldwide by the end of 2015. It now has about 45 locations in 15 cities, including Seattle, San Francisco, London and Tel Aviv. Soon to come are Miami and Portland, Oregon.

It recently announced another potentially game-changing business: WeLive, a shared-living concept for the same entrepreneurs it serves on the office side.

At the top of Rudin Management’s 110 Wall Street, the company is reportedly planning to add micro apartments with shared kitchens and communal amenities like herb gardens and lounges. Some reports say the Brooklyn Navy Yard is also slated to be a WeLive location.

At least some of the company’s competitors say the attention WeWork has generated is a good thing.

“WeWork has made a big splash recently and that has been good for the industry,” said Joseph Scharf, CEO of Virgo Business Centers, which has been around since the late 1990s and sticks to a more conventional executive-suite model.

Last year, Virgo opened a roughly 41,000-square-foot flagship space at 1345 Avenue of Americas, bringing its total to 192,000 square feet.

“We’re not a trendy company. We like to keep it meat and potatoes,” Scharf said.

Scharf said the company’s next move is to buy its own building and cut out the middleman.

“We’ll be sticking with core properties in Manhattan,” he said. “Nothing trendy, nothing side-street. Just corner offices on major avenues.”

Old dog, new tricks

While some companies are sticking to their executive-suite model, others are looking to tap into the trendier side of the market or find a middle ground.

Corporate Suites, which has been in business since 1998, just opened a new 25,000-square-foot space at 2 Park Avenue in tech-popular Midtown South. Grant said the interior has modern, industrial feel with high ceilings, and can accommodate 40 people. In addition, the firm has tweeted mentions of its meditation room and a recreation space, along with photos of happy hours hosted at several locations.

“Some of what we’re doing will appeal to the tech start-ups,” Grant said. “But a lawyer or hedge fund would still be comfortable doing business there, versus a fraternity-type build-out that our competitors are doing.”

Servcorp, a 37-year-old Australia-based provider that entered the NYC market in 2010, is outfitting its fourth Manhattan location, on the 85th floor of One World Trade Center. In addition to the firm’s signature professional office suites and meeting rooms, the 34,775-square-foot office will also have a co-sharing workspace, dubbed the “space station.”

The space station, which is under construction, will feature hardwood floors in a herringbone pattern to mimic the founder’s living room. There will be a few glassed-in conference rooms and a keg of beer every day at 5 p.m.

The pilot program is also being implemented in London and Tokyo. But Marcus Moufarrige, Servcorp’s chief operating officer, said that the program is not a response to WeWork. Instead, he said, it’s designed to prompt more of the company’s virtual office clients (those who only use the building’s address and phone service), into taking actual space. Right now, only 12 percent to 15 percent of the company’s 40,000 virtual clients make that switch.

“Which is okay, but not fantastic,” Moufarrige said. “So, I think we can cover that gap in the market for premium-end clients with the space stations.”

That said, Servcorp is waiting to see how One World Trade performs before making further expansion plans for New York.

Carving out niches

On the opposite end of the spectrum, some newer co-working providers are differentiating themselves by going after more targeted markets.

There’s NeueHouse at 110 East 25th Street, which has a “different bent,” said Himmel, who is also the landlord for the space.

“They have more an artistic space,” she said. The company, which did not qualify for TRD’s ranking because it only has one location, offers amenities like a recording and broadcast studio and a screening room.

Others include In Good Company, which caters to female entrepreneurs; Emerge212, a subsidiary of mega landlord and investor SL Green Realty; and Launchpads in St. George on Staten Island.

“We have a lot more variety in company cultures and the operators are taking their own spin,” said James Kleeman, director of Emerge212, which has three Manhattan locations and is ranked No. 7, with 120,000 square feet.

Is it sustainable?

For the time being, the shared-office sector is surging in New York and nationally.

While local figures are not available, nationally the number of people who use shared-office space — whether co-working or executive-suite style — is expected to grow fivefold to 1 million by 2018, according to the Global Workspace Association, a trade group for shared office space providers and related businesses.

The co-working business model favored by WeWork was virtually non-existent in 2008. Last year, there were nearly 6,000 locations worldwide, according to online trade publication

Still, to protect against having too much space in a down market, Virgo’s Scharf said his firm only leases space during down markets.

The company took its Empire State Building office in 2004, at what he said was a post-9/11 rate. In 2009, following the Lehman Brothers collapse, he locked in 40,000 square feet at 575 Lexington Avenue.

“Things can get bad very quickly,” Scharf said, noting that shared office clients have shorter contracts, so they can respond rapidly to changing times.


Coworking: A Start-up Company’s Ideal Office Space

Opening up a new start-up company is expensive, time consuming, and frustrating. Especially when searching for, and trying to set up affordable and appropriate office space. Coworking employs the sharing of office space with other like-minded individuals, in a cost effective and low rental commitment environment.

coworking space

The Costs of Opening Up A New Start-Up Company Office

Average initial start-up cost items include: Rent & security deposit  – often equaling 3 months’ rent, office furniture, computer hardware and software, setup, installation and consultation fees, business cards and stationery, decorating and remodeling costs, fixtures, counters, equipment & installation,  starting inventory, raw materials, tools, deposits with public utilities, legal and other professional fees – Insurance, business licenses and permits, signage , initial advertising and promotions, not to mention operating cash for normal daily office expenses as well.

All the costs above are mostly one-time expenses, recurring monthly costs are also going to add up as well, such as: Salary of an owner/manager – amount you need to pay yourself, employee salaries, wages, and commissions, payroll taxes or self-employment tax, equipment lease payments, more advertising – print, broadcast and Internet, postage and shipping costs, common office supplies such as – inks, toners, labels, paper goods, etc. telephone, utilities, Internet connection, website hosting bills, maintenance, monthly business insurance,  and also business vehicle insurance, plus the monthly interest & principal payments on business loans and company credit cards, production costs – inventory, raw materials, plus more monthly legal and/or other professional fees, and any other miscellaneous mounting expenses that may come up, not to mention another month’s rent that’s due.

This is not a cheap endeavor! Now think of how much money can be saved by taking some of the traditional start-up office costs out of the equation. This is why Cosharing or Coworking in an office space is catching on fast in the entrepreneur world, with a new mindset on business start-up costs setting in, and the conceptual definition of the “normal” workplace environment being modernly re-invented.

Why Coworking Makes Sense

Because of all the aforementioned costs stated above, Coworking is a great office rental option so as to keep overhead costs low and predictable each and every month. With the economy gaining strength after years of recession, the current pace of construction is still lower than it was before the 2008 crash, according to a Forbes Real-estate forecast that covered 2013 till last year.

2015 is not seeing any uplift either in the construction of new office, retail, or commercial space. This trend will help to decrease the dwindling office space available now, as new business owners enter the market, while increasing the leasing costs for traditional office space in the future.

The concept of Coworking in a shared office space appeals to many walks of business life. Telecommuters that work long distance jobs use Coworking, freelancers that find the working environment more stimulating and less lonely than a small home office use it, and of course, new
start-up owners that need to run a new business cost affectively, have much less-to-loose when choosing to use Coworking office space.

Cosharing workplaces like the one mentioned, normally provide private offices, coworking areas, and designated desk spots for an economical fee. Internet service is provided, and a laptop is a standard work day “bring along” item.

Most sites offer conference rooms for use and communal receptionists, plus also guest lounge areas. One should be able to find some form of Coworking facility in any major city in the United States, due to the ever-growing popularity of the practice of Cosharing a working space.

Coworking is being promoted as conducive to productivity by their proprietors, but not confined by it. The obvious benefits of renting short term, with low contractual obligations, easily promote themselves to tight budgeted start-up companies by providing them with a professional working atmosphere, in a casual but appropriate manner. This is why Coworking is ideal for many new start-up businesses in 2015 and beyond, hoping to cash in on a brighter new economic future.

CoWork. Collaborate. Create.
The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

Entrepreneurs & Freelancers: Benefits of CoWorking

The New CoWorking Space At Corporate Suites Business Centers - 2 Park Avenue NYC

The New CoWorking Space At Corporate Suites Business Centers – 2 Park Avenue NYC

30% of the working population in the United States is already un-tethered from the corporate world, and it is predicted that this number will rise to 40-60% of the workforce by the year 2020. So in merely the next 5 years, a significant percentage of the workforce will be freelancers, temps, independent workers, or entrepreneurs. This major shift in the workforce paradigm poses some important questions, one of which is – where do the people that have left their corporate offices go to do work?  For quite some time, the only options were working out of your basement or going to a nearby Starbucks. I’m sure you don’t need me to tell you how much that can limit your growth as a business. This is precisely where CoWorking Spaces come in to the picture.

CoWorking Spaces were designed to bridge the gap between the traditional corporate workspace and working from home or out of a café.

SO – what does a CoWorking Space offer that cannot be found at home, a café, or a traditional office?

1)      A low-cost alternative to traditional office space – an office in NYC can cost you thousands of dollars a month, you can rent a desk for just a few hundred dollars instead. This also allows you to grow your company without moving offices and paying for additional office space for every person that joins your company.

2)      It offers you a professional presence – you will work in a professional setting in prime NYC locations with experienced front desk staff, on-demand private meeting rooms, training rooms, and presentation space, and have access to secure high speed internet.

3)      The opportunity to be part of a community – you will work in a productive workspace environment where you can collaborate with like-minded people who will share their experiences and expertise with you, as well as, provide invaluable peer support for you and your business. (You never know who you’ll meet – network, network, network!)

4)      Flexible office space solutions – work whenever you want without being tied down to one office location. If you travel a lot, you can cowork anywhere in the world.

5)      Better work-life balance and overall satisfaction – People who have switched to coworking report a healthier lifestyle, better work-life balance, better focus, increase in creativity, increase in confidence, improved standards of work, and  better peer interactions.

CoWork. Collaborate. Create.
The opportunities are endless! Book a tour today to see if CoWorking is the right choice for you.

Coworking Spaces vs. Traditional Offices: Which is Better?

Over the last decade, the concept of coworking or furnished office spaces has grown considerably in all the large metropolitan cities. Coworking facilities offer renters fiber connectivity via Ethernet, dedicated mailing addresses, after-hours access, conference rooms, and space for company events, quiet areas, and sometimes on-site storage. The amount of business office tools and amenities will of course vary by the rental plan chosen, and the facility one rents from.

coworking space

Why Choose A Coworking or Furnished Office Space?

By making unconventional office space arrangements, “cosharing” offers the small business operator, the freelancer, or telecommuter, the advantages of flexibility, cost control, and short term leasing obligations in order to provide working spaces with the same basic amenities needed in order to run a conventional business or project. And all this can be achieved without having to deal with all the overhead costs.

For the same reasons stated above, coworking is beneficial to start-up entrepreneurs, who do not have a large staff yet, or the funds nor shelf-life stability to justify the long term commitment, and mounting expenses of renting, furnishing, and staffing a conventional office space rental.

What does it cost to rent a co-working space?

In this case, we will use two examples of coworking or furnished office space rental fees from large business oriented cities from both coasts, such as Seattle and New York.

Seattle: The average traditional office rental in Seattle will cost about $20 to $30 per sq. ft., or around $350 a month to use a basic coworking space.

New York City: Where traditional office space leasing costs start around $60 to $80 a sq. ft., a furnished office space with a basic desk set up in New York City, will cost approximately $500 per month (depending on location and amenities).

Like any service, coworking or furnished office spaces have some many advantages, but also some disadvantages. Below is a quick synopsis of each:


• No more home office loneliness, or home calamities – One of telecommuters main laments, is the absence of human interaction at the too quiet, and sometimes very lonely home office. Or on the other spectrum, kids, wives, relatives, and other loved ones, that just do not seem to realize that the home office is a place of work.

• Networking with other professionals – It is hard to gain new prospects for your business, not to mention sometimes free professional advice when working all alone in a private home office.

• A professional but low maintenance setting – One of the great benefits of renting a
coworking space, especially for freelancers and telecommuters, is being able to meet clients in a professional setting, or talk to important business contacts over the phone in a controllable environment. Something that is not guaranteed in a home, or coffee shop setting.


• Office amenities or the lack thereof – Coworking or furnished spaces are all different. Some may have receptionists, printers, scanners, etc. Some may require you to work solely from your laptop, depending on your rental plan, or the facility’s capabilities. Office supplies are not free either, so you may have to bring your own in or pay extra for everything you end up using.

• Cost – Coworking may be flexible for many business needs, but the bottom line for telecommuters is that it is still more expensive than working in a home office.

All in all, the question of whether to rent a coworking or furnished office space verses leasing traditional office space, truly comes down to what is good for you, your work, and your business. In the end, your needs, your budget, and peace of mind, will ultimately be the deciding factors in whether to coshare your working space or not.

If you are in the market for a furnished office space, conference room or a virtual address in Manhattan, Corporate Suites offers several options. All our furnished suites are in prestigious and desirable locations. Please click here to view all our locations.

Corporate Suites will open an eighth location in early 2015!

Recently Covered in the Commercial Observer, we are happy to announce to all our newest location at 2 Park Avenue. If this sounds like a good location for your small-medium sized business, the full build is set to be completed in February. Please fill out the form below to be in touch with our sales team.

Corporate Suites Signs Lease for Space at 2 Park Avenue


2 Park Avenue.

2 Park Avenue.

Corporate Suites, a company providing alternative work spaces, will open its eighth Manhattan location, having signed a lease for a 25,000 square foot space at 2 Park Avenue according to a press release issued by the company.

The press release noted that Corporate Suites’ new space on the 20th floor of the tower will include 74 furnished offices, a windowed reception area, a number of lounges and a co-working space. A spokesman from Corporate Suites told Commercial Observer that the entire space will be gutted in order to create these amenities. The company plans to open its new alternative office in early 2015.

“At 2 Park Avenue we aim to create an inspiring business community with a vibrant entrepreneurial environment for businesses and their teams to enjoy and prosper,” said Hayim A. Grant, the president of Corporate Suites, in prepared remarks.

The spokesman declined to disclose the length of the lease and the asking price per square foot. However earlier this year, Commercial Observer reported that rents were in the low $50s per square foot, according to CompStak data.

The property at 2 Park Avenue is a 29-story building between East 32nd and East 33rd Streets. Other tenants in the building include Israeli textile firm Delta Galil, clothing store Talbots andKate Spade.

The other Corporate Suites’ locations in Manhattan include offices at 22 Cortlandt Street, 1001 Avenue of the Americas, 1180 Avenue of the Americas, 275 Madison Avenue, 757 Third Avenue, 825 Third Avenue and 641 Lexington Avenue.

A team from Cushman & Wakefield serves as the exclusive leasing agent for the property. A spokesman from the company did not immediately respond to a request for comment. The building is owned by the Morgan Stanley Real Estate Fund, which bought the building in 2007 for $519 million.


Interest in 2 Park Avenue

Aaron Schlossberg chats NYC contract law for Knowledge is Power

This Thursday, November 13th at 4pm, all Corporate Suites clients are invited to 275 Madison Avenue to listen in on Aaron Schlossberg’s 4-1-1 info session on NYC contract law.

Relevant to any sized business, Aaron and his associate will be available to answer questions to ensure that all of your contracts could stand the test in court. Don’t wait until you need the advice, ’cause this time its free (and so are the sweet treats and afternoon coffee)!



Knowledge is Power

‘Knowledge is Power’ is a new talk series produced by the Community Management team here at Corporate Suites. Professionals (who also happen to be Corporate Suites Clients) from all industries will be presenting on myriad topics that serve the small to medium sized business community that lives within our spaces.


Here’s the full lineup of presenters! (and of course, some afternoon pick-me-ups will be provided!)


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If you’d like to come, please RSVP below!

Friday Roundup: Our favorite posts from the week of June 16th

530 Fifth Avenue sells for $595 Million

‘Mayor should pay more attention to Office Development’

Shared Space of ‘Virtual Law Office’ Can Serve as Main Law Office Address

One Vanderbilt will be New York City’s Second Largest Tower

Friday Roundup: Our favorite posts from this week

As we do on Fridays, Corporate Suites rounds up 5 of the most interesting and relevant articles from the web in the Commerical Real Estate, Co-working and Office space realms.


Real Estate Marketing Aims to Override the Power of the Photograph

Out with the old, in with the new. As New York becomes a new hub for tech startups, the city’s real estate industry has been gaining innovative approaches to its marketing techniques. Click the link above to read more.

Where Are the Hottest Startup Offices in New York City?

Listed with a Map ~

Welcome to the World of Virtual Biotechs

Biotech companies working out of Au Bon Pain? It’s happening…

Five Ways to make the Office a Happier Place

Certainly focusing on up-to-date technology.




Friday Roundup: Commercial Space News from Around the Web

The tradition holds strong! We’ve found the 5 most relevant articles about New York City’s Commercial Real Estate Market and have compiled it just for you.

1 World Trade Center Struggling to Fill its Office Space

What Do New York City Office Tenants Think About “Green” Certification of Office Buildings? “Meh,” Is the Consensus

The Office Space Race

Avenue of the Americas sees better time for Real Estate

Homepolish Designs Office Spaces for Startups

Friday Roundup: Commercial Space posts from around the web

Friday ‘Round up of the most relevant articles in commercial real estate, office space space and NYC news.

Time Inc. Saying Goodbye to Iconic New York Building

The media company heads downtown after splitting from parent Time Warner

Manhattan Startups Going-Brooklyn

Livestream, a Manhattan-based startup will be moving to the former 3rd Ward headquarters.

4 Must-Haves for Flexible Workspaces

The 9/11 Museum Opened This Week

Somber photos capture the space in its entirety.

Madison Square Garden hasn’t paid property taxes in 30 years

A special request granted to no other property in New York City, exceptions were made for the Dolan family’s For-Profit Business

Friday’s Commercial Space Round-up

Each Friday, we bring you 5 relevant articles through the week related to Commercial Space, Retail Space and Office Space in NYC. May 12th-16th, here is what we found:

Storefront, the Airbnb for retail spaces, raises $7.3 million dollars in its most recent round of funding

Over are the days of a paltry pantry; new office space trend yields kitchen spaces that are something to talk about

Is co-working a viable resource for Attorneys?

New deals in lower Manhattan will set the commercial office availability at 11.6%, lower than Midtown’s 11.8%.

When Wall Street moved to Midtown – Moving from Silicon Valley to San Fran Proper


Friday Roundup: Top 5 Real Estate Articles of the Week

It’s Friday! Time for a roundup of our top 5 favorite articles from this week in Real Estate, Business, Entrepreneurship and Events.

Real estate boom bites nonprofits.

Tech firms eat up space, pushing rents higher and leaving groups scrambling.

Hiring as an Art

Words from Barbara Corcoran who attributes to her past hiring mistakes to her new mastery. Barbara has recently published a book titled Shark Tales.

How to Create Big Success From Small Talk

Do you struggle with small talk? Here, Inc. columnists share how to make little words create big opportunities.

New York City Trophy Building Rents Are Back

“Pricing and velocity at the top of the market have reached their strongest levels since 2008,” said Peter Riguardi, president of JLL’s New York tri-state operations.

Discovering the Modern Workspace

“The white-collar people slipped quietly into modern society,” C. Wright Mills writes in “White Collar” (1951), his classic sociology text, as if he were describing a race of wan termites. Nikil Saval’s excellent new book, “Cubed: A Secret History of the Workplace,” was inspired by Mills’s book, and it’s a fresh and intellectually omnivorous extension of its themes.

Friday Roundup: Real Estate

This will be our first “Real Estate Roundup”; a tradition celebrated on Fridays to gather some of the most relevant news in the New York Commercial Real Estate Market.

Developers are finding that old bricks make appealing new haunts for trendy tenants — so long as stunning expanses of glass are involved. – New York Post

Mayor de Blasio Signs Legislation to Alter The New York City Building Code in Relation to Carbon Monoxide Detectors and Submission of The Executive Budget – NYC.GOV

Unemployment Rate at Lowest Since 2008 as Hiring Jumps — New York Times

Chinese now top list of overseas buyers in Manhattan; Firms going above and beyond to accommodate clients from the People’s Republic — The Real Deal

“Medium Meltdown — Grape” by Desire Obtain Cherish on display in the lobby of 1001 Sixth Avenue. (One of our 7 locations) — Bloomberg

Space Invadors: The biggest shared space providers in NYC

Shared office space providers are gobbling up space in Manhattan at an unprecedented scale. The Real Deal took a look at five of the biggest players in this emerging business, analyzing their business models, their overall footprint and the rents they pay.

1) Regus- Total NYC space: More than 1.6 million square feet

Regus CEO Mark Dixon and 104 West 40th Street

Regus CEO Mark Dixon and 104 West 40th Street

Headquartered in Luxembourg, Regus has over 1,500 worldwide locations, and is rapidly expanding in Manhattan neighborhoods such as Soho, Lower Manhattan and Midtown. In July 2013, the company took nearly 30,000 square feet at David Tawfik’s 104 West 40th Street. In May 2013, it inked a 32,000-square-foot deal at Edward Minskoff’s 101 Sixth Avenue. It also took 40,000 square feet at Brookfield Office Properties’ Brookfield Place in February 2013.

The average size of a lease inked by Regus is about 31,000 square feet, and the company pays an average rent in the low-$50s per square foot, according to CompStak data (Note: the average rent and lease sizes are weighted averages of only those deals represented in CompStak’s database — they do not include all of Regus’ deals)

Regus is trying different tactics to get brokers comfortable with its business model. In July 2013, the company signed a deal with residential brokerage Oxford Property Group that allows Oxford agents access to its 38 business centers in Manhattan and allows them use of Regus’ business lounges and cafes, exclusive discounts on business-related products, meeting rooms, day offices and video communications.

Regus does its deals through its national accounts group, said Mark Ravesloot, a vice-chairman at CBRE who is one of six brokers at the firm that work on Regus’ account in the city. The national accounts group reaches out to local brokers in each major market. Moving forward, Regus is eyeing spaces in the outer boroughs, he added, saying that their scale gave them a distinct advantage in the market. “They understand how to do their due diligence very quickly, from a construction standpoint and from a layout standpoint.”

2) WeWork – Total NYC space: More than 650,000 square feet (estimated)

Adam Neumann and 25 Broadway

Adam Neumann and 25 Broadway

Founded in 2010, WeWork is currently the most aggressive player in the shared office market, sources said. In January, the company signed a deal to take 115,000 square feet at 113-133 West 18th Street. The same month the firm also took 63,300 square feet at Himmel + Meringoff Properties’ 401 Park Avenue South. And in September, it inked an 86,000-square-foot lease at the Cunard Lines Building at 25 Broadway, as TRD reported.

The company is also in talks to take half a million square feet at the Brooklyn Navy Yard and is close to snagging all 300,000 square feet at Rudin Management’s 110 Wall Street, according to previous news reports.

WeWork is “very bullish on Lower Manhattan as well as other neighborhoods that serve as centers for innovative and creative companies,” Ben Kessler, the company’s director of marketing, said in a statement. Kessler wouldn’t comment on the company’s total square footage in New York City and declined to elaborate on how WeWork’s relationships with landlords had changed over time.

WeWork’s average transaction size is close to 69,000 square feet, according to CompStak data, and it pays an average rent in the low-$40s per square foot. As of January 2013, the New York-based WeWork had raised over $20 million from private investors, including Joel Schreiber, owner of Manhattan real estate investment firm Waterbridge Capital.

3. Corporate Suites- Total NYC space: More than 230,000 square feet (estimated)
Corporate Suites’ seven locations include 641 Lexington Avenue near Grand Central and 22 Cortlandt Street in the Financial District.

4. Virgo Business Centers- Total NYC space: 180,000 square feet

Arnold Fisher and 1345 Avenue of the Americas

Arnold Fisher and 1345 Avenue of the Americas

In November, Virgo took 40,791 square feet at Fisher Brothers’ 1345 Avenue of the Americas, as TRD reported. The deal was Virgo’s sixth in Manhattan since its inception in 1998 and its first on the West Side. The company also occupies a 20,000-square-foot space in the Empire State Building and a 40,000-square-foot space at 575 Lexington Avenue.

“The growth has obviously been big,” Virgo CEO Sarah Klein said of the shared-office sector in November. “Otherwise we would not have been expanding.”

5. Jay Suites- Total NYC space: Over 150,000 square feet
In November, Jay Suites, founded in 2009 by brothers Juda and Jack Srour – both were fresh out of high school at the time — took a nearly 28,000-square-foot space at 31 West 34th Street, as TRD reported.

The deal brought the company’s total Manhattan footprint to north of 150,000 square feet. Its other locations include 1441 Broadway, 369 Lexington Avenue, and 30 Broad Street. Jay Suites is in talks to acquire further spaces of between 20,000 and 30,000 square feet in the Columbus Circle and Union Square markets, Juda Srour told TRD. The company and is also mulling developing its own shared-office-space building on Downtown Brooklyn’s Willoughby Street.

Each neighborhood has its characteristic tenants, Srour added. “Downtown you get traders. Midtown East is the finance guys and the lawyers. And in Midtown South and Times Square, you have the tech companies.”

Jay Suites aims to compete on price, Srour said, and can undercut the competition by up to 30 percent because the company uses its own contractors to build out a space. He was very direct about how the company went about choosing its locations. “We really look at where Regus is located, and we try to open next door,” he said, adding that he estimated up to 40 percent of its clients were poached from the Luxembourg-based giant.

Local Deals Startup Living Social Closes NYC Office Opting for Temporary Space

GroupOn rival Living Social is closing its luxury furnished offices in New York, reports The Next Web, asking employees, including those in advertising and marketing, to work remotely. The Living Social offices are currently at 101 Fifth Ave. and reportedly takes up more than 60,000 feet of Manhattan office space rental—the building’s entire fifth floor.

The daily deals company made the decision to close its Seattle office last month, asking those employees to work remotely as well. In New York, however, employees who cannot work from home will be offered office space in an unreported area somewhere in the vicinity.

A number of New York-based employees are facing layoffs, including Living Social’s events team, which created local special events like beach days and river tubing in over 30 markets across the country. The layoffs are expected to affect approximately 30 full-time workers. A number of part-time workers on the events team will also be let go, but Living Social would not verify the number that would be affected. The company will continue to offer local events, but instead will take each happening on tour to various markets.

Internet giant Amazon has invested heavily in Living Social, reportedly to the tune of $175 million. The startup employs 4,000 workers, of which more than half are in the United States. The company recently announced that it would be expanding its Tucson-area flagship customer-care call center by 50 workers.

Bloomberg Continues to Push for Midtown East Rezoning

New York City Mayor Michael Bloomberg, in a recent weekly radio address, once again called for the city to rezone Midtown East to allow for new development of more modern office space. Allowing new construction in the area would help relieve traffic congestion around Grand Central Station and would help the neighborhood develop a competitive edge with other growing parts of Manhattan, especially in the availability of Midtown office space, he said. recently reported Bloomberg’s push to rezone the area. Currently no new office buildings can be built in Midtown East. If Bloomberg gets his way, the rezoning would allow a limited amount of modern office space development. New office space in New York, especially in Midtown, continues to be difficult to find.

Supporters of the rezoning plan point out that the costs will be picked up by developers, and not the city’s taxpayers. Bloomberg says it will bring more businesses, and more jobs, to the area and will help to relieve the commuter traffic at Grand Central.

The mayor is continuing to try to bolster the city’s economy by making it attractive to new business. He is spear-heading an effort to turn the Big Apple into a tech hub, and several companies, including Silicon Valley-based Google, have created an East-Coast presence in the city. The interest in growing the tech sector in New York City is part of Bloomberg’s strategy to diversify the city’s economy, which is currently primarily tied to Wall Street.



Arizona Digital Advertising Agency chooses Chelsea as Site for New York Office

myThings, the Arizona-based digital advertising agency for brands such as Adidas, Wal-Mart, Disney, Microsoft, and Best Buy, recently leased office space in Manhattan to create a presence in New York City. The new Lower West Side location is first expansion from the company’s Scottsdale office.

CNBC reports that in the first quarter of 2013, myThings acquired more than 80 new tier 1 clients for their custom, data-driven advertising services. The company stated in a press release that it experienced an 800 percent growth in revenues and anticipates a six-fold rise in demand over the next year.

myThings CEO said that the New York move was the logical next step in the company’s quest to become an international leader in data-driven communication. The new office will be advancing the myThings’ strategic plan to deliver cross-tunnel, data-driven ad solutions for tier 1 brands and agencies. It will focus on both the U.S. and emerging markets.

The eight-year-old company works with Facebook and other platforms to create algorithms related to targeted advertising. They customize advertising campaigns for each segment of their clients’ target audiences. It also operates proprietary bidder integration with 14 ad exchanges, including a direct seat on the Facebook exchange.

The company is not alone in creating a New York presence. Google, Facebook, and Microsoft announced earlier this summer plans to beef up the numbers of employees in New York. The tech industry is creating a market for virtual office space in New York as well.

Rapidly Expanding Boutique Gyms Flexing Muscle in New York Office Space Market

The market for specialized gyms is exploding, and the rapid growth is leading their corporate offices to look for additional office space to rent in Manhattan.

The recently reported that several rapidly expanding concept gyms have expanded their corporate offices in New York. For one owner, finding the perfect space took an entire year. SoulCycle, a cycling studio that has grown from one location to 17 in the last seven years, recently located its offices to a former jewelry factory in Lower Manhattan. Its 85 employees take up two floors totaling 20,000 square feet. Their offices include a photo studio, a training area with cycles, and a stretching and workout area for instructors.

SoulCycle competitor Flywheel Sports is expanding its presence in the New York office space market by quadrupling its space on the Upper West side. The company’s owner says they have grown from one studio to 24 in just three-and-a-half years.

Another specialized fitness center, Tough Mudder, recently leased 35,000 square feet in a Brooklyn office building. The company, founded in 2009 in Southern Florida, provides challenging obstacle-course races, is rapidly expanding. The company will consolidate eight smaller offices into the space. Its seven-year lease includes an option to double its space over the next two to three years.

An industry analyst said that people are trading their gym memberships or adding specialized boot camps and cycling studio memberships to their fitness routine.

Tech Startups Moving into Manhattan with Subleased Space

The New York Times reports that startup tech companies are adding to the sublet office market with temporary office space in Manhattan. The article gives the example of the Soho space rental by Scholastic that has been subleased to Foursquare. Foursquare, in turn, sublet space to app designer Fueled, which subleases seats to tech entrepreneurs who are working on hitting the big time.

Burgeoning tech firms like subletting, The Times reports, because rent is usually a little cheaper and the contract length is shorter. Sublets also have a smaller deposit and are already built out, offering high-speed internet, conference rooms and more. If their product doesn’t make it past the development stage, it’s easy for the startup to shutter its doors.

An analyst at Studley, the commercial real estate firm, told The Times that flexibility is the key for tech startups, since they don’t know if they will be acquired or receive critical startup funding. The problem is that they could be left homeless if the tenant who is subletting goes bankrupt.

A Studley report found that a third of all tech companies that signed a lease in Manhattan during the first quarter of 2013 entered into a sub-leasing arrangement. Many of these companies are adding to the pool of virtual offices in New York City by subletting to solo consultants and entrepreneurs. The average length of a sublease contract is four years.

Even established companies like online news source Buzzfeed recently signed a two-year sublease with Tiffany at the jewelry company’s new corporate headquarters across from MadisonSquarePark.



Tentative Rental Agreement May Herald Rise of 3 World Trade Center

More office space rental in the Financial District may be up for grabs after media-buying company GroupM reportedly reached a tentative agreement to move to 3 World Trade Center. According to a recent article in the Wall Street Journal, the company has signed a letter of intent with developer Larry Silverstein.

GroupM would lease 515,000 square feet in the third of the four towers expected to be built at the 16-acre site. The third tower is expected to be home to 2.5 million square feet of prime New York office space. Currently it is planned to have eight floors, but that could change if more tenants come on board.

Silverstein’s 72-story 4 World Trade Center is near completion and half leased. Real estate analysts believe he needed the GroupM agreement to secure the bank funding for 2 World Trade Center and 3 World Trade Center. If Silverman signs a tenant for at least 400,000 square feet and raises $300 million in additional funds, the city and state will chip in a $600 million subsidy package to help finance the third tower’s construction.

One World Trade Center, which is being built by the Port Authority of New York and New Jersey, is currently under construction and expected to open in 2015. More than half of its 3 million square feet of office space has been leased, with Condė Nast as the anchor tenant. The publishing company signed a lease agreement for a million square feet of office space in 2011.

Study Finds that Office Space Demand is on the Rise in New York City

A new study found demand for office space in the United States is up in 60 out of 82 metro areas, including New York according to an article in the Denver iJournal. The study, conducted by real estate provider Cassidy Turley, found that office space occupancy is rebounding nicely from the recession. The findings explain why Manhattan office space rentals continue to be some of the most premium real estate in the nation.

The study, which was conducted in the second quarter of 2013, found that more than 15.1 million square feet of U.S. office space was absorbed in March through June. That’s up over 5 million square feet in the first quarter of 2013. Vacancy rates were lower, too, down to 15.3 percent from the 17.2 percent peak at the height of the recession.

The study found that most companies are continuing to be mindful of office space efficiency. In fact, researchers found most of the increase was created by business growth. The biggest demand for office space is at the top and low end of the market, a Cassidy Turley spokesperson said.

In fact, construction of new office space is still 30 percent below what it is normally, the study found, which is beginning to make new office space hard to find and rents for it skyrocketing.

The top market in terms of demand continues to be office space in New York, with 1.7 million square feet of absorption. The city was third in year-over-year rental appreciation, following Salt Lake City and Denver, at 9 percent.

New Tower in Meatpacking District to Open in 2016

A 12-floor building with a combination of retail and restaurant space is scheduled to begin construction soon at Ninth Avenue and West 15th Street, according to a recent article on The glass building will add approximately 115,000 feet of New York office space and conference rooms in Manhattan.

The first three floors of the new glass building will be dedicated to retail, and the fourth floor will be home to a variety of restaurants. The 172,000 square foot building was designed by architects Kohn Pederson Fox. Its rippling design was inspired by the waves of the nearby Hudson River. Plans also include a roof deck and two terraces.

Newmark Grubb Knight Frank will manage the leasing for both office and retail tenants. The project is scheduled to break ground in 2014 and open for tenants in January 2016. It will have 270 feet of storefront, with 100 feet along Ninth Avenue and 170 feet down West 15th.

The space is currently occupied by Prince Lumber Co, which will develop the project. It will relocate to West 47th Street in Hell’s Kitchen. A new building is currently under construction to house the company’s 40 employees. Prince Lumber bought the site in January for $10.6 million. The owner of the 90-year-old company insisted on staying in Manhattan.

According to the New York Post, the new building is the last of the remaining development sites in the Meatpacking District. It lies outside of the area’s historic-designated boundaries.



Proposed NYC Standards Designed to Make Buildings More Resilient

Proposed NYC standards designed to make buildings more resilient

In the wake of hurricane Sandy, the City of New York recently accepted proposals for building standards that would make buildings better equipped to cause less damage and bounce back more quickly after another weather-related disaster.

A recent article on summarized the June 13, 2013 press conference that announced the 33 proposals suggested by the Building Resiliency Task Force, a group of 200 builders, architects, landlords, city officials and attorneys Mayor Bloomberg created after last year’s hurricane.

The panel looked at ways for buildings in New York, especially vital areas like office space in the Financial District, to not only become more resilient but create less debris. The demand for virtual offices in NYC during the aftermath of Sandy skyrocketed because of the lack of habitable office space, and debris cleanup has cost the city billions of dollars.

Some of the proposed new building standards that would specifically affect office space include providing power failure backup and ensuring that drinking water would be available in lobbies and other public areas.

The new standards focused on resiliency to provide fewer interruptions in worldwide financial services. Limiting damage, according to the task force, is essential to limiting the number of lives lost in the next disaster. Strengthening building standards would save billions of dollars in the future, according to one task force member.

The New York Times reported that debris removal from Hurricane Sandy cost more than twice what it would have in other parts of the country. The Army Corps of Engineers, which spearheaded the removal, said the increased cost was due, in part, because of the logistical issues removing large amounts of debris from a major urban area.

Pop-Up Hotel Repurposes Manhattan Office Space Without Rebuilding

Open floors of Manhattan office space have the potential to become much-needed hotel rooms with a Danish architectural firm’s Pop-Up Hotel concept. Architects from Pink Cloud developed a pre-fabricated solution that requires no build-out or permanent changes to building interiors. The idea was developed as an idea to simply repurpose older office buildings in the Midtown area.

New York had a record number of tourists in 2012, which has created a shortage of hotel rooms for the city’s guests. Pink Cloud hopes to remedy that problem with color-coded pre-fab panels and more to create everything from luxury rooms to hostel-like bunks for the budget-conscious traveler. The rooms are designed with modular furniture.

The firm didn’t forget amenities for the hotel guests, either. The pop-up hotel concept includes on-site dining, lounge areas, entertainment venues, and recreational facilities. The components arrive by truck to Manhattan and fit in standard-size elevators. They can be easily erected or taken down and moved to another location. The design allows the space to be converted back into offices and conference rooms in NYC in a matter of days.

Pop-Up Hotel designers won a $10,000 first-place prize for the concept at the Radical innovation in Hospitality contest held at the Hospitality Design Expo recently in Las Vegas.

Similar models have implemented storage containers and even trucks to create short-term living space. The bedrooms, complete with showers, can also be used to provide emergency shelter. Other designs focus on creating temporary workspace or even short-term space for retail establishments.


Madison Avenue Office Buildings Sell at All-Time High Prices

Some of the biggest news to hit Madison Avenue recently was the $1.4 billion that the families of Chinese and Brazilian real estate developers spent for a 40 percent share of the General Motors Building. The sale resulted in the property becoming worth $3.4 billion – the most value office space for rent in the world.

The stake was purchased by the families of Zhang Xin, the founder of Beijing developer Soho China, and Brazilian property magnate Moise Safra. They formed a partnership named Sungate Trust to buy the share of the 50-floor building from Goldman Sachs United States Real Estate Opportunities Fund, which invests for countries of Qatar and Kuwait, and Meraas Capital, a Dubai-based investment firm.

The General Motors Building fills the block between 58th and 59th streets, and Madison and Fifth avenues. It is home to approximately 2 million square feet of office space. Its ground-floor retail space is leased by an Apple store.

The other 60 percent of the building is owned by Boston Properties. Both the Wall Street Journal and Bloomberg report that the real estate firm is not planning to sell its stake.

Madison Avenue and other parts of Manhattan are becoming attractive for investors looking for high yield opportunities. Shortly before the General Motors Building purchase, another sale affected the office space on Madison Avenue. Crown Acquisitions and Highgate Holdings recently finalized a deal to purchase 650 Madison Ave. from the Carlisle Group for $1.3 billion.


Facebook to Double its New York Office Space

Facebook recently announced that it is doubling its office space in New York City. The social network giant, which is also expanding its Silicon Valley headquarters, is scouting out another 160,000 square feet of New York office space in the heart of Midtown Manhattan.

Real estate sources say that Facebook is eyeing the seventh and eighth floors of 770 Broadway, a 15-story building that takes up the entire block between 8th and 9th streets. Retailer J. Crew is currently headquartered in the building.  The space had been previously rented by Nielsen. The media company recently moved to Lower Manhattan.

The expansion is expected to double Facebook’s New York office space. Although Facebook offices some engineers and other tech employees in New York, the majority of its employees in the Big Apple are marketing and sales staff.

Several large tech firms, like Google, Yahoo and Microsoft, are creating more of a presence in New York City. The California companies are also eager to tap talent that does not want to move away from the East Coast. The mayor’s office has made attracting high tech companies to New York a top economic development priority.

Midtown Manhattan has earned the nickname “Silicon Alley” over the last few years with the influx of tech companies snapping up office space in New York. Yahoo and Microsoft recently inked leases outside of Midtown, where office space is at a premium. Yahoo is moving to the former New York Times location on 43rd Street, while Microsoft is moving its East Coast hub to Times Square.

Yahoo Buys Tumblr, Increasing its Visibility in New York City

Yahoo recently announced that it is purchasing New York-based Turmblr, Inc. for a cool $1.1 billion. The blogging network will continue to host its more than 1 million blogs, and founder David Karp is expected to stay at the helm.

Yahoo CEO Marissa Mayer is banking that the hip Tumblr will rub off on the aging Yahoo in a bid to challenge Google and Facebook in the social networking arena. The display advertising markets in this sector is an estimated $17.7 billion.

Tumblr has become the hippest online venue for people to display their photography, artwork and writing online. The company is located in New York’s Flatiron district, home to many new technology startups that are snapping up office space in New York.

Some of the office’s decor includes the original red-brick walls of the building, giving it a hip, urban ambiance. It is also noted for its quirky, off-beat wall art.

The Tumblr New York office space features many of the amenities that are found in the digs of successful Silicon Valley startups. Dogs are welcome in workspaces. Fun is encouraged as part of the workplace culture, which includes a game room and a high-tech beer tap. Tumblr’s mascot, a Pomeranian named Tommy, also works on employee morale.

Karp, 26, founded Tumblr in 2007. The social networking site was started based on Karp’s interest in tumbleblogs, short-form blogs. He introduced Tumblr after no established blogging site created a platform for the blog form. Tumblr is just one of several high-profile technology companies with office space in New York.

One World Trade Center Spire Completion Symbolizes Comeback of Lower Manhattan

Recently construction workers erected a 408-foot spire on top of One World Trade Center, which makes the new building the tallest in the western hemisphere and the third-tallest building in the world.

The placement of the spire symbolically marked the comeback of the city, as well as the country, of the 9/11 terror attacks in 2001 that destroyed the two towers of the World Trade Center. The new building is built near of the former buildings’ site and features 104 stories of prime office space in New York City.

New Yorkers were glad to see the 67-ton spire now atop the building. At night it will be lit, serving as a beacon for miles around, as well as a remembrance to the tragedy that killed more than 3,000 Americans. People stopped in the street and cheered as the spire was raised.

The spire is made up of 19 sections, including three communications rings. It brings the building to a height of 1,776 feet – the year the United States declared its independence. It has function as well as form. The spire is an antenna for a broadcast facility that will be housed in the building.

Construction still continues on One World Trade Center. It is expected to open sometime in 2014. The rebuild will eventually consist of seven buildings to provide office space in New York.

Google Donates NYC Office Space to Cornell Applied Sciences Program

Another salvo has been fired in New York’s battle to rival Silicon Valley in their creation of an East Coast tech hub. This week, Google announced that it is loaning 22,000 square feet of its New York City office space to Cornell University until the school opens its new applied sciences campus.

Cornell is building its new campus on Roosevelt Island. The applied sciences curriculum will focus on economic development and entrepreneurship with the goal to get more of the faculty and students’ best new technology ideas to market. New York University is also beefing up its sciences program, building a campus and business incubator in Brooklyn. The new facility is a partnership between Cornell and Technion-Israel Institute of Technology.

New York City Mayor Michael Bloomberg is spear-heading an effort to turn the Big Apple into a tech hub. He recently cited a number of tech startups that are hiring or expanding their office space in New York. The interest in growing the tech sector in New York City is part of Bloomberg’s strategy to diversify the city’s economy, which is currently primarily tied to Wall Street.

Google worked with the mayor on the donation to Cornell. According to an article in Forbes, The donated space is estimated to be worth $10 million.

Midtown East Prepares for New Development with Rezoning Plan

Midtown East – officially defined as the area between East 39th and 57th street between 2nd and 5th Avenue – is one of Manhattan’s most active business districts, encompassing Madison Avenue, the iconic shops of Fifth Avenue, Grand Central Terminal; and being just a few short streets from Times Square, the United Nations, and Rockefeller Center.  This year, it is being reviewed by the New York City Planning Commission as they hope to set a future for continued and sustainable development in the area.

According to a report by The Real Deal, Planning Commission Amanda Burden announced last week that the board would begin the public review process within the coming weeks to establish regulations for the renovation and development of buildings in the district. While Midtown East is already one of the most active New York City office space markets with thousands of square feet in office space available, the rezoning plan hopes to introduce new, more modern office space desired by technology-based firms now entering the New York City market.

One of the key focuses of the plan is energy efficiency as commercial buildings are remodeled and new developments are planned. The Planning commission has proposed a requirement for new commercial buildings to be more the 15% than the current city-wide building regulation standards.

In addition to energy, developers will be allowed to build taller buildings with more, larger floors, by paying $250 per square foot for ‘air rights’. The funds from this regulation would go towards public improvement projects including new transit projects. Places of worship are also asking to be included in the new regulations so that they can benefit from air rights.

This news comes as Midtown Manhattan office space demand has held steady and slowly increased as the economic recovery continues and sustains. Midtown East hopes to introduce new, more modern buildings to attract the attention of companies that have currently established themselves in Chelsea and Midtown South, which has seen a great amount of growth within the past two years with vacancies at all-time lows.

The Advantages of Having Your Own Space

A common scene in most families – teenagers demand their own rooms from parents, and young adults move out into their own apartments, citing the need for their own space to be able to have privacy and an environment more conducive to productivity. But the need for your own space – a calm environment that you can call your own – isn’t just limited to kids. As companies grow and become bigger and more successful, they too need to consider the need for a space to all their own.

Employees who work from home can attest that it’s not the paradise it sounds like – distractions abound from children, spouses, deliverymen and from the home itself, it can be hard to focus in on work without a dedicated area to call your own. Besides the obvious distractions, there are many downsides to working from home for start-ups and entrepreneurs to consider.

A virtual office in New York City or another major local business district can help give you a professional appearance at a low cost, but what about when it’s time to meet with your clients? For many start-ups who use virtual offices, they must rent conference rooms by the hour and are limited in their ability to reserve conference rooms at the time and location they need – and the cost of an hourly conference room can add up quickly when used several times per month. Having a dedicated office of your own eliminated time constraints, and may be more cost-effective if you meet with clients on a regular basis.

A dedicated room in your home may help you focus on your own work – but the limitation of space offers many disadvantages, particularly when it comes to hiring. It is significantly harder to attract talent and provide a great workplace for them when limited by space and resources, and the lack of available space and resources, combined with the environment of a ‘home office’ can cause decisions based on a lack of space, rather then hiring the talent needed for continued business success. A executive suite in NYC with dedicated desks, high-speed internet and corporate amenities provides a better environment for both attracting and retaining talent – giving you a dedicated, peaceful space to be creative and accomplish your business goals.

Office Space Demand Improves with Employment Outlook

The first quarter of 2013 has been filled with indicators of a recovering, growing economy – with the stock indexes reaching new highs, and employment numbers seeing continued growth, particularly in the New York City area. The demand and asking rent for office space in New York City, as well as other major cities such as San Francisco, Houston and San Jose; is up in the first quarter of 2013, as a result of increased hiring and growth among small businesses.

A recent report by Yahoo News! explained that the office vacancy rate fell only slightly during the first quarter of 2013 nationwide, but growth in areas that are concentrated with technical services such as San Francisco and New York saw a much more pronounced decrease in vacancies, as well as pronounced increase in the average rent for office space.

Nationwide, the average effective rent grew at a rate of only 0.7% to $28.66 per square foot – but follows a quarter of 0.8% and has not declined in several months, a positive economic indicator. While still below 2008 highs before the recession, the slow but steady growth is a sign that the economy is still moving forward.

Phoenix, Las Vegas and Detriot – some of the cities impacted hardest by the recession and housing bubble collapse – have seen extremely high office space vacancy, a troubling sign for the local economy. San Francisco and New York – both of which have become the leading home for companies providing technical services such as software development, internet marketing, social networking and website design – have seen a constantly declining vacancy rate over the same period.

While growth in demand for office space may seem lackluster, it’s important to note that many companies choose to use virtual offices in New York City, San Francisco and other locations – using an office space part-time while still maintaining their business presence. Hiring is also seen by economic analysts as a lagging indicator of economic recovery – the hiring follows a few weeks or months after a strong economic surge, and a pronounced increase in hiring should be within the coming months.


World Trade Center One Offers A New View

One of the most iconic New York City experiences for visitors and residents alike is getting a great view of the city, taking in the size and majesty of America’s busiest, most populous cities. Most of the visitors looking for a great view head to the top of 30 Rockefeller Center in the heart of Midtown at 47th-50th Streets on Avenue of the Americas – drawing an estimated 2.5 million visitors each year. The iconic Empire State Building on 34th Street and 5th Avenue drawing millions more.

World Trade Center One plans to offer more then just a plethora of class A financial district office space. According to a recent report from the New York Times, The Port Authority of New York and New Jersey is expected to approve a multi-million, 15-year contract with Legends Hospitality Management to operate an observation deck at New York City’s tallest building, which could generate hundreds of millions in revenue for the Port Authority over the next 15 years. Set for completion late this year, World Trade Center One is hoping to draw visitors that would otherwise head north to Top of the Rock or the Empire State Building.

The World Trade Center’s observation deck just barely edges out the height of the deck at the Empire State Building and is only second in the country to Chicago’s Sears/Willis Tower. The hundreds of millions in revenue expected will help offset the tower’s cost of more then $3 billion to complete.

WTC One plans to offer more then just a great view – once visitors take a dedicated elevator to the 102nd floor of the 1,776 foot tower, they will be greeted with a presentation storying the history of the tower’s design and construction after the September 11th attacks before opening to reveal the Manhattan skyline. A gift shop and restaurant, as well as an area for private parties, add to the experience of visiting one of New York’s newest icons.

Morgan Stanley Concentrates Office Space in NYC

Morgan Stanley, one of the world’s largest investment and financial firms, has announced a shift in its real estate and locations – focusing on growing their NYC office space location and consolidating other offices into its premier location in the Financial District at 1 New York Plaza. This comes after the iconic building sustained heavy damage during Hurricane Sandy. Now back at full operation after repairs from the damage, Morgan Stanley hopes to expand its space at Manhattan’s southernmost skyscraper which looks out over Battery Park.

Like many other multinational firms, Morgan Stanley has always had major operations within New York City, but in the past spread out its ventures to attract new talent and have redundancies in case of emergencies – such as the September 11th attacks or Hurricane Sandy. Its most notable operation outside of New York City is across the river at 34 Exchange Place in Jersey City, part of the Harborside Financial Center, with neighbors such as Charles Schwab and Dow Jones. Many of these sites were developed after September 11th to provide support and recovery, and Exchange Place continues to be home to many financial firms.

But Morgan Stanley, who also has operations in Brooklyn and Princeton, New Jersey; is looking to consolidate to save on office space rental costs and bring its focus back to the Financial District. In a report from Bloomberg, Morgan Stanley filed a notice with the New Jersey state department on its decision to close its Princeton location which is home to 95 employees. CEO James Gorman has emphasized the needs to cut costs while retaining talent and improving returns on equity. The staff of the Princeton, New Jersey location – which is located 50 miles southwest of New York City, but is home to many New York City commuters via the Northeast Corridor rail line – will be offered positions at other Morgan Stanley locations such as 1 New York Plaza or at its Philadelphia offices.

Tech Startups in NYC Drive Office Space Growth

New York City already has an established presence in technology – with Google now running major operations out of Chelsea, and many other startups and established companies focusing their expansion on Union Square, the Lower East Side, Flatiron, and other neighborhoods south of the traditional office space in Midtown Manhattan that firms in other sectors typically seek.

This area – referred to as ‘Midtown South’, encompassing the area between Soho to the south and 28th Street to the north – has seen rents increase by over 70% in the past decade with a large portion of that growth coming within the last three years, according to a recent report from Forbes. In the past two years, B-grade office space has reached almost $60 per square foot – outpacing the traditional home of technology companies, Silicon Valley, which currently has a market average of $46 per square foot for the same class office space.

Why do so many technology firms prefer Midtown South – as more office space for rent in New York City’s other neighborhoods has become available, particularly in Midtown East, Times Square, and the Financial District – which now has fully recovered from the effects of Hurricane Sandy and offers plenty of space available as well as lower rents?

The short answer is the culture and neighbors these companies gain from renting an office in Chelsea, Union Square or Flatiron. Many companies in Midtown ‘North’ are focused in advertising, marketing, financials, accounting, or legal services – and the Financial District is primarily focused on finance, although many marketing firms with a focus in digital advertising have taken residence there recently.  But Midtown ‘South’ attracts technology firms, which in turn, attracts other tech ventures – companies that desire to work together, collaborate and rub shoulders.  For many of these companies, coworking is a better option than a private, furnished office – allowing them to share ideas freely between companies – but many still prefer a private, furnished Manhattan office.

Williamsburg’s Proposal To Transform Office Space Market

Brooklyn’s revival in the past decade has been unprecedented, as more and more people move to New York’s largest, most populous borough that’s becoming known for being more than just Manhattan’s neighborhood – developing a culture of its own with a food and music scene unmatched by many other cities and becoming a home to everyone from financial professionals to artists and musicians. It’s becoming more then just a home to Manhattan-bound commuters – it’s gaining a business presence of its own as many small companies look across the rivers and bridges for lower rents in Jersey City, Queens and Brooklyn.

Office space in New York City has always been focused on Midtown Manhattan and the Financial District – but as new, younger companies have emerged looking for space in Soho, Chelsea and Flatiron; they have also begun to look to Brooklyn due to its extensive transportation system and young workforce with educational backgrounds in computer science, marketing and software development. As residential development has seen great increases in Williamsburg, Greenpoint and Bushwick; office space hasn’t been a priority for these neighborhoods.

A proposal by Two Trees Management Company hopes to change that, according to a report from DNAinfo. The proposal plans to transform the former Domino Sugar Plant Site – directly across the Williamsburg Bridge from Manhattan – into 631,000 square feet of prime waterfront office space, attempting to attract both high-end companies and lucrative, quickly growing startups to the neighborhood.

The plan for this new, prime office space is still in its earliest discussions – as government officials and residents debate the pros and cons of the new development. Some residents claim the office space would change Williamsburg’s residential and creative focus, while others claim a class A office space for companies is necessary to change Williamsburg from a commuter neighborhood into a city all its own. The goal is to keep businesses in Brooklyn, instead of having them move across the river into Manhattan or to operate out of their homes while using a Manhattan virtual office address for business. Time will tell if the development gets approved and is successful, but it’s an interesting development for one of NYC’s fastest growing neighborhoods.

East River Blueway Concept Designed to Prevent Flooding

Immediately following the effects of Hurricane Sandy, politicians and citizens alike began looking at possible ways to reduce the damage of future hurricanes, particularly to minimize the flooding damage which effected Lower Manhattan in the days following Sandy, cutting off power and disabling subway lines for over a week. The storm’s damage displaced residents and cost millions in lost economic activity.

WXY Architecture + Urban Design has proposed a plan that will turn Lower Manhattan and Brooklyn’s coastlines of the east river into not only a green area that accommodates both pedestrians and traffic, turning the gritty desolete areas belong the Brooklyn Bridge and FDR drive into an area for citizens and tourists to enjoy.

Known as a “Blueway”, the redesigned areas would feature a variety of landscapes and plants to bring increased biodiversity as well as prevent issues of flooding on the banks of the East River. Sandy soil and marsh-like conditions help to slow and control the flow of high waters onto the coast, and can withstand hurricane-like conditions. A series of tidal pools serve as an ideal location for visitors to wet their feet without being subject to undertow currents.

So, will trees, marshes and sand be joining office spaces in Lower Manhattan? Manhattan officials have already pledged $3.5 million to the project which will take several years to complete. The lead designer of the project noted “the social side of infrastructure is becoming more and more urgent as our infrastructure gets more dilapidated and the climate becomes more erratic”. WXY hopes to strike and move forward with it’s plan while the thoughts of Sandy still linger on the minds of some New York City residents – it’s certainly a project to watch throughout the year.


Samsung taps NYC’s talent with new office

New York City is widely considered as one of the most creative cities worldwide – a mecca not only for the performing arts with world class musicians, dancers and renowned art galleries. It’s creativity spills over into the business world – only behind the Bay Area. With a plethora of office space for small businesses available in New York City, in the middle of one of the most productive corridors with highly educated workers in the labor force, NYC has become a new hotspot for startups,  creating new products and revolutionizing communications.

Samsung is the latest company to look to New York City for help in advancing their products and building their business. They’ve invested in a new office space in the trendy Chelsea neighborhood of Manhattan, according to the latest reports. It’s called the Samsung Accelerator – with it’s own website - calling it a space “devoted to entrepreneurs who want to help [Samsung] develop products and services that can become the connective tissue between our family of devices”. The open office, sharing space with other startups in the neighborhood, will accomidate 40 to 50 people. Samsung is operating a similar incubator in Palo Alto, California.

Samsung hopes it’s efforts will help it keep it’s position as the worldwide leader in smartphone devices and help it build it’s U.S. audience where it is behind the maker of the iconic iPhone, Apple. Samsung spends about 6% of it’s budget on research and development, compared to 4% for Apple.

The Chelsea location joins a growing list of technology firms operating in Chelsea, Flatiron, and Union Square. Google is Chelsea’s most notable tenant along with many quickly growing small businesses. The firms range from software development to using the internet as a marketing tool and are a major driver of employment growth in the city.

Attorneys in New Jersey now have Virtual Office Option

Many businesses use virtual office as an alternative to maintaining traditional office space. For many firms, having a physical office just isn’t necessary – this is particularly true for sole practicioners and consultants, who are constantly on the road; and able to carry out the functions of their job from home.

Marketers, accountants and other professionals have had the ability for years to use a virtual office as their business address, while conducting the majority of their business from a home office. However, attorneys in the state of New Jersey were not allowed that luxury, due to outdated restrictions set by the state’s supreme court that required legal professionals to maintain a physical location. Fortunately, a recent ruling by the state’s Supreme Court has relaxed those restrictions, making it possible for attorneys in New Jersey to use a virtual office for their business. 

This decision comes after years of debate between the courts, attorneys and the ethics commission, which debated the legality of a virtual office for attorneys, claiming they needed to have a ‘bona fide’ office and time-sharing arrangements were not acceptable. The largest argument for virtual office has been the cost – a virtual office package with phone, mail, and office space usage is usually between $200 and $600 per month; where traditional office space rentals start around $1,000 per month and rise to double, triple, or more depending on the location and the amount of space needed.

That figure is just rent alone – not including the cost of staff for a physical office. With a virtual office, a receptionist handles many clients, including the attorneys, and is included with the cost of the virtual office package.

Virtual office services in New York City have been used by attorneys in New York for years. Philadelphia, Washington D.C., San Francisco and other major cities see a high demand for virtual office services from legal professionals. And with this new ruling, New Jersey – a state with an incredibly robust legal market – will join that group.



NYC Parks Throw “Snow Day” For Residents

Although some areas of Long Island and Connecticut were pounded by Winter Storm Luna and left under a foot of snow, the effect was much milder in Manhattan – were several inches of fluffy powder didn’t cause much trouble for those traveling to their office space in New York City . Instead, Manhattan was treated to a winter wonderland – with the Parks Department lending some help to make the winter fun experience complete.

“At first, it started out as a giant mountain of snow”, said James Lederer-Michaels to the Central NY news network of Syracuse . “Then, we just made a giant hole, and then some walls, and other kids helped.” James is one of many city residents – both young and old – that descended on the city’s parks to enjoy the best snow of the season, embracing the crisp winter air for snowball fights, sledding and games in the snow. Winter Storm Luna was  the first major snow acclimation of 2013. For those trying to keep warm, the Department of Parks and Recreation provided free hot chocolate to parents, children and parkgoers. They reported little to no damage in the parks due to the storm – stray branches cleaned quickly. Within city limits, the MTA subways operated on a normal schedule. Some LIRR and MetroNorth services experienced delays which were quickly resolved by hard-working teams – after handling Hurricane Sandy, a bit of snow wasn’t a challenge for the transit teams.

Temperatures are expected to rise in time for the work week, and spring is fast approaching. But for the next few weeks, winter fun is still a priority – right outside the Corporate Suites office space center at 275 Madison Avenue, city residents and visitors are still enjoying the ice skating in Bryant Park, and further north, Central Park still has plenty of scenic winter views, waiting to be enjoyed.


Green Energy Planned for Midtown’s Javitis Center

New York City has been making big moves in terms of making the Big Apple greener, through various environmental projects ranging from recycling to clean air, and particularly in clean energy from wind and solar sources. The newest development is the installation of a massive green roof at the Javtis Center in Midtown Manhattan, home to some of the areas biggest conventions and events.

The Javtis Center’s plans, as outlined in a recent report , span 292,000 square feet. Upgrades include replacement of the building’s roof and curtain wall as well as upgrades to the electrical system that will reduce energy useage and cost by a quarter, as well as improving the experience for convention center guests. The project is certified to meet LEED (Leadership in Energy and Environmental Design) Silver status, and will be the second largest green roof project in the United States, only behind the Ford Motor Company’s River Rouge Plant.

“Green” refers to more then just energy savings – grasses planted on the rooftops will decrease stormwater runoff, preventing 6.8 million gallons of wasted stormwater per year. The grass on the roof also absorbs sunlight, greatly decreasing cooling costs during the summer months, and can be seen from adjoining high-rises, making for excellent views for the neighbors.

The Javtis Center is one of the top attractions in New York City, providing a meeting room for rent  capable of seating thousands of attendees. It’s most common use is conventions, ranging for everything from cartoons to new cars. Over 2.5 million people visit the convention center every year in Midtown Manhattan, generating great revenues for hotels, eateries and more in the area. Javtis Center, through this project and others, will make the experience of New York City more green – promoting a public image of the city that’s focused on environmental improvements.

Toronto Adds More Office Space, Passing NYC in Space Available

New York City office space is usually one of the hottest comodities on the market – everyone wants to work and run a business in a city that’s as busy, with as many customers, a talented labor force and dozens of opportunities for growth, like Manhattan. But even with new buildings opening throughout the Big Apple – including World Trade Center One and Hudson Yards – it’s about to be passed in terms of office space volumes by a city to the north.

According to a recent report by Bloomberg News, Toronto will add more prime office space then any other city in the Americas by 2014, fueled by low borrowing costs and high demand. Traditionally Toronto has been at the core of the Canadian financial industry, much the way NYC is the core of the US financial industry, with firms such as Royal Bank of Canada as well as Deloitte & Touche LLC occupying vast amounts of space in Downtown Toronto. Toronto’s central location and high population – with over 50 residential towers being built within the past decade, an extremely educated labor market and developed downtown core – makes it an ideal place for both Canadian and multi-national firms to call home. One of the reasons for the growth in office space is demand from firms such as Google, who’s Canadian team operates in Toronto and is looking to expand even further in the city.

In 2012, Toronto’s space available only grew 100,000 sq. ft. and is operating at a vacancy rate of 5.1%, near historic lows. For comparison, the New York City office space vacancy rate is about 7%, with over 900,000 sq. feet of space being added this year, mostly attributable to the opening of World Trade Center One in the Financial District.

While New York City still leads the Americas as the leading center of commerce, Toronto appears to be growing consistently, and is posed to remain one of the premier business cities worldwide.

Push to Renovate Midtown Landmarks Underway

A long anticipated zoning proposal will be going before the New York City Council within the coming weeks, shaking up some of the most active, most historic parts of Midtown Manhattan – the area and the historic buildings around Grand Central Terminal. The Historical Districts Council has identified buildings that they feel should be exempted from redevelopment or reconstruction in the neighborhood, if the area does see a change in zoning.

The “Midtown East” rezoning plan, supported by the Bloomberg Administration and commerce associations, aims to redevelop older buildings to increase floor space and ceiling heights. The rezoning plan would almost double the amount of triple-A NYC office space available in Midtown East by allowing buildings to raise ceilings and widen their footprint. Proponents of the plan claim it’s a necessary measure so that office spaces can be changed to suit demand – the open floorplan favored by many companies requires more space, and technical infrastructure requires higher ceilings. The rezoning plan would allow these buildings to be renovated or updated to meet the office space needs of today’s companies.

But the need for offices for lease in New York City shouldn’t mean giving up critical pieces of the city’s history. “The blend of new and old is what keeps New York vital and unique. That principle should be a starting point for revitalizing this significant area, not an afterthought as it is presented.” is the argument of Andrea Goldwyn, leader of the NY Landmarks Conservancy. Some of the buildings that they seek to protect include the Graybar Building, The Lexington Hotel and the Union Carbide building.

Many other areas of Manhattan have seen incredibly growth in terms of office space available – with the opening of World Trade Center One, and the new development of the Hudson Yards project. But, advocates argue that “new office product is needed in Midtown Manhattan” – replacing the old with the new. Ideally, both sides will come to an agreement which preserves the city’s glorious history while providing modern working spaces.



Google+ Creates ‘Virtual Office’ On Demand

Connecting with coworkers beyond the office is not a new concept – one that dates back far before the advent of social networking. Connections between employees of the same organization have never been strictly based in the office – with discussions about business taking place over dinner, at a sporting event, or the phone. Many employees are friends, both on Facebook and in-person.

Google+ is taking this concept one step further with the introduction of what it refers to as a virtual office service, which allows employees to connect with each other through the popular social networking platform. This news comes from Google’s enterprise division, who focus on developing Google products for business, such as Google Drive for Business.

Most social networks – LinkedIn, Facebook, and Google+ – have personal information such as employment and personal information such as contact information. Google+’s virtual office concept makes it easier to find your coworkers on Google+ by labeling with their title within the organization, making it easy to identify the right decision makers when having conversations over Google+. The labels for each person are only visible to employees within the organization, so they can make sure they’re posting to the right person – a good feature to have with so many common names that can be mistaken. Employees can then share files, or participate in video conferences, using the Google+ Hangout feature.

Of course, the term “virtual office” in this instance, is abit misleading. “Virtual office” usually refers to address services at a location, phone reception and mail delivery to a promiment Manhattan business address, giving a professional address to freelancers, small teams, and virtual teams. New York City virtual office services don’t focus as much on teams working together, as simply providing the physical address. Google+’s service does provide an interesting new approach to sharing information and connecting with coworkers virtually – and it will be interesting to see if it becomes an accepted medium of business communication in the coming months.

New York Enters 2013 with New Green Energy Projects

As part of both a push by the federal government and the state government of New York, new wind power generation areas may be developed off the coast of Long Island. The Obama administration is considering the development of new offshore wind power project about 11 nautical miles south of Long Beach, according to a recent report by Bloomberg. 

Offshore wind power development is nothing new – with projects in both New England and the Mid Atlantic currently being constructed. But for New York, the generation of wind power is one of many green energy projects by the state. New York City in particular has made a recent push to limit coal power generation to reduce air pollution and keep skyscrapers cleaner, and new office space in New York City contains green energy construction materials, energy efficient lighting and other design components designed to not only save electricity and reduce long-term costs, but to minimize environmental impact.

The wind farm would join two others currently under construction, one in Delaware and one in Massachusetts  The Bureau of Ocean Energy Management, part of the U.S. Interior Department, grants approval and permitting for construction of off-shore wind farms. The agency issued a request for competing interest in the lease area, which is about 130 square miles. If no private contractors submit bids on the project, the New York Power Authority can be granted a lease on a non-competitive basis.

The project would generate 350 to 700 megawatts of power for New York City and communities of Long Island, enough to power tens of thousands of homes each year. The Long Island Power Authority and Consolidated Edison Co. both support the project and will work with the New York Power Authority or the chosen private contractor to deliver the power to homes.


NYC Office Space Availability Rises

Office Space in New York City is now more available than ever, with the highest availability in 19-years, according to a recent report by Bloomberg news.

Ending 2012, top-quality office space availability in Manhattan moved to 14.5% for the last quarter of 2012, up from 12.3% in the 3rd quarter. That’s not to say this office space in Manhattan is vacant – the report, compiled by brokerage Studley Inc.; defines ‘availability’ as empty floor space zoned for commercial usage, plus executive suites and furnished offices that are slated to become available for lease in the next twelve months.

The majority of available office space in Manhattan is in the downtown Financial District. Midtown Manhattan has seen an increase in space available, but new developments affecting financial district office space means that much of the growth and availability is located downtown in America’s 3rd largest business district.

Some businesses in the financial district are delaying decisions due to economic and environmental circumstances. After Hurricane Sandy in late October, many buildings in the financial district were not usable due to power outages, flood waters and damages to building infrastructure. As a result, many firms are still recovering from the damage and disruption to businesses. Smaller firms, particularly those in web and computer related industries, were aggressive leasers of office space in the financial district during 2012; but demand has been supressed due to storm-related damage and recovery.

Economic circumstances, such as the recent election, United States budget discussions, new regulations affecting the financial industry and economic conditions in Europe have affected the decision of some financial firms, causing them to delay leasing decisions until the economic environment is more stable.

Finally, perhaps the biggest factor in the rise of availability in downtown and financial district office space is the opening of the new World Trade Center and World Financial Center buildings. 4 World Trade Center contains 2.3 million square feet of office space, with 1 million square feet currently available for rent. The World Financial Center has 3.3 million square feet either available or becoming available due to the expiration of major bank leases.

With space available, landlords in the area are optimistic that space will be leased in 2013 as economic conditions become more stable and the city of New York makes full recovery from the damage of Hurricane Sandy. The opening of 1 World Trade Center will also boost traffic to the financial district and bring in new tenants not only from the financial industry, but technology, marketing, and government based firms.




NYC Hits Tourism Record in 2012

They say there’s no place like New York City, and tourists agree. On one of the busiest days for tourism of the year – New Year’s Eve, where tens of thousands descent upon not only the iconic ball drop in Times Square but in bars, concert halls and other venues throughout Manhattan and Brooklyn; New York City reported that they had attracted a record 52 million tourists. This number represents an all-time high, and a 2% increase over 2011.

Mayor Michael Bloomberg set a goal of 55 million visitors and $70 billion in economic impact from tourism by 2015. The city has spent significant resources in promoting tourism, with marketing offices throughout the world and targeted marketing campaigns. This year, tourism and hospitality created an economic impact of almost $56 billion  and visitors spent $37 billion. Tourism and hospitality provided almost 360,000 jobs this year, up 25% from 2000. The city aimed to improve it’s tourism and hospitality industry to gain additional revenue and become less reliant on traditional revenue streams such as the presence of the financial industry.

17 new hotels were opened in the city this year, bringing the city’s total number of hotel rooms to almost 92,000. Despite so many available rooms, hotel occupancy was almost 90% throughout the city during the year, with of course, peak periods during holidays such as Christmas and New Year’s Eve. From hotel tax revenue alone, the city collected over $500 million.

New York City has always been associated with business – Manhattan offices of marketing, finance and accounting firms in Midtown and the Financial District now being joined by the rising tech industry throughout Manhattan and Brooklyn. With the focus on business, it’s easy to forget all the exciting things to see and do – the Rangers and Knicks at Madison Square Garden, the beauty of Central Park, the excitement of Times Square, theaters, music venues and more! For both residents and visitors, there’s no place quite like NYC.

Rent Virtual Office Space

Go beyond renting just a virtual office address in New York City – you have access to corporate professional temporary office and meeting space, and when you are ready, the ability to rent a full-time office.

Mailing Addresses

A central virtual office location in Manhattan makes all the difference – you will have access to a central Midtown, Midtown East or Downtown virtual office with reception, serviced kitchen, meeting space, copying, printing and fax.

Virtual Phone Call Answering

Your phones can be answered during business hours with live reception phone answering. Our staff can forward your calls to voicemail, they can answer, screen and forward them to your personal phone number, or our virtual office phone system can ring to a VOIP telephone set which we can provide you.

Business Mail Forwarding

Pick up your mail at your staffed virtual office location in NYC during business hours, have it forwarded to you by UPS, FedEX or USPS, or immediately access your virtual mail with e-mail scanning by our staff.

Virtual Phone Services

A local 212 phone number and fax number will capture your clients’ attention. Tailor your virtual office phone services with customizable voicemail, voicemail to e-mail, fax to e-mail, VOIP, hunt group, and call attendant service options.

Virtual office Address

Instantly access a central office address in New York that is easily accessible by local airports, subway lines and transportation hubs – Avenue of the Americas, Madison Avenue, Lexington Avenue, Third Avenue or Cortlandt Street.

NYC Retail Rents Among World’s Highest

New York City is well known for it’s shopping, with landmark locations of almost ever major retailer, particularly fashion retailers, in the city. People come from around the world, particularly in the Christmas season, to visit some of the largest, most luxurious retail establishments in the world.

The shopping districts in the city are many and varied, from busy, extravagant flagship stores of Times Square – which the landmark Toys R Us location contains an indoor ferris wheel – to Fifth Avenue, known for luxury. Stores like Saks Fifth Ave, Lord And Taylor and Macy’s set their flagship locations in Midtown Center, along 7th and 5th Avenues, with tens of thousands of square feet in floor space – and windows with stunning displays lining the heavily-traveled streets of Midtown Manhattan. Further south, botique retailers line the avenues and streets of Soho and the Meatpacking district; and Brooklyn has emerged in it’s own right as an retail hotbed, with local businesses and national chains alike carving a stake into neighborhoods like Willamsburg and the Atlantic Yards / Barclays Center.

With all this activity – from travelers coming from accross the country and accross the globe, along with affluent residents both in the city itself and suburbs – makes it no surprise that New York City is a premier retail district. But just how strong the demand is may be surprising.

In a recent report from CBRE Group, New York City is only second to Hong Kong for the highest retail rents in the world. Compared to Hong Kong, New York City seems like a bargain: Hong Kong retailers, on average, pay approximately $4,300 per square foot, per year for retail space. New York City’s retailers pay on average $2,900 per square foot, per year for retail space.

Like any city, demand and price are stronger in some areas rather then others. The managing director of CBRE Group’s Retail Services Division, Anthony Buono, noted “We are continuing to see strong demand and price velocity on the very best, most active retailer corridors in gateway cities…..Particularly in Manhattan, where every brand must be located in order to claim a ‘global’ identity.” Retail, much like financial services and marketing, sees a New York City office location as critical to maintaining and establishing global legitimacy and identity. The highest impact corridors in New York include Fifth Avenue, Madison Avenue, Times Square and Soho/Meatpacking, per the CBRE report. Other international cities noted for their strong retail demand in the report include Tokyo, London, Paris and Moscow.

With Christmas less then a week away, we are sure these retailers will see returns on their investments as shoppers descend upon Manhattan to complete their last-minute shopping!


New York City Now the Second Largest Technology Market

A recent report from New York City Public Radio reports that New York City is now the second largest market for technology and internet based firms, only behind California’s iconic Silicon Valley. In 2012 alone, more than 40 technology ventures have been acquired or launched in New York. This, combined with an advertising and funding push from the city itself, has made it one of the premier markets for everything ranging from application development to Search Engine Optimization and Internet Marketing firms.

New York’s emergence as a leading market for the technology sector is hardly an overnight event. Since 1995, the city has been sponsoring events and programs that connect technology entrepreneurs with venture capitalists and larger firms. After the dot-com ‘bubble’ of the late 90′s and early 2000s, the city’s tech industry began it’s major resurgence and growth.

2003 marked the landmark year where ‘Silicon Alley’ took off and began constant growth, with firms like, MediaMind and DoubleClick launching and establishing themselves in Manhattan. In 2009, over $1.4 billion in venture capital transactions related to technology firms. Until recently, Boston was the second-largest market for technology firms behind Silicon Valley. Boston and New York share similar characteristics – hotbeds of financial activity and strong educational institutions nearby. However, the recent surge in technology activity in New York City – in part fueled by funding for incubators and small business incentives from the city and state’s government – has helped push New York City over the top and into the #2 spot.

The trend of technology companies seems to move against the typical NYC office space trend. ‘Traditional’ companies – those in finance, accounting, marketing, advertising and consulting, typically choose to headquarter themselves and run operations out of Midtown Manhattan and the Financial District – the traditional business districts. While some technology firms have founded their ventures in neighbors typically not known for being business hotbeds. One example is Google’s New York City corporate office at 9th Avenue and W. 15th St., in the heart of Chelsea. The term ‘Silicon Alley’ is widely used, referring to clusters of tech companies centered in Flatiron, SoHo, and Tribeca along the Broadway Corridor. Today, the Silicon Alley is still a dominant area for technology firms, but Midtown’s business districts such as Times Square and Bryant Park have seen increases in the number of technology firms operating in the area. The Financial District, as well as the Brooklyn neighborhood DUMBO are also seeing a rise in technology firms.

New York City is long established as one of the world’s business capitals, the financial hub of the world, the epicenter of journalism and media. Now, joining those ranks, is the technology industry, leading the city into the future and helping create new jobs and bolster an already outstanding economy.


Financial District Office Space – Still Recovering

According to the New York Times, “there is now more vacant office space in Lower Manhattan than in many cities.” More than a month after superstorm Hurricane Sandy, many buildings have still not been reoccupied by former tenants. While the majority of buildings are now operational, several have encountered repair delays and have had issues with telecommunications services.

Substantial progress has been made in terms of restoring power and pumping salt water from buildings. Office space in New York City that was under feet of salty water from the East and Hudson rivers is now dry, and some buildings have been able to make a recovery. One major success was a building at 120 Wall Street, a 600,000 square foot, 34-story building near the East River that is home to many nonprofits, was able to reopen after Thanksgiving.

According to  Jones Lang LaSalle, a real estate consultancy that has been tracking recovery operations in Lower Manhattan, 49 of 183 office buildings in the world’s third largest business district which closed because of mechanical failure as of November 26th, that number now revised to about half of that figure. The City of New York’s buildings department quoted that only 9 buildings in Lower Manhattan were unsafe to reoccupy, and Consolidated Edison says the grid was restored to 100% of the city by November 15th.

A surprising setback, after power was restored and buildings declared safe, has been a lack of telephone and internet services at some locations. Verizon Communications claimed that it’s copper wire network, which provides internet and telephone to the financial district, had been compromised by salt water damage. Newer, more advanced fiber optic networks received less damage, but are still inactive due to server damage. Verizon is in the process of replacing the former copper-wire network with advanced fiber optic cables that are less prone to damage. While few buildings remain without heat or power, many are still without telephone and internet services. Verizon’s current timetable quotes a January 1st repair date, but officials at the company are working as fast as they can, regardless of deadline. For those who have been displaced from their office space, even a few more weeks feels like years.

Corporate Suites has been fortunate enough to have power restored to it’s financial district office space location at 22 Cortlandt St. and has been providing temporary recovery offices for businesses in New York City. We look forward to seeing the Financial District reach 100% recovery, and be filled with not only employees, but people enjoying the eateries and entertainment in the district.



Rockefeller Center’s Iconic Tree Lights Up Tonight

A few blocks from our newest NYC virtual office and office space location at 1180 Avenue of the Americas, one of New York’s most storied Christmas traditions will return this evening, as the Rockefeller Center Christmas Tree will be lit this evening at 9 PM tonight, November 28th.

The lighting of the Rockefeller Center Christmas Tree, like many New York City ns, has evolved from a small event into a blockbuster entertainment event, broadcast on  NBC 4 and watched around the globe via the internet. Thousands from both the New York City metro area and internationally will be lining 47-50th streets, 5th and 6th Avenues to watch New York’s largest Christmas Tree light up and add to the already brilliant Midtown Manhattan sky at night. The tree is far from the only attraction – the Radio City Rockettes will be performing, and ice skaters performing on the Rockefeller Ice Rink. Crowds are expected for musical performances by popular musical acts such as Rod Steward, Tony Bennett, Cee Lo Green, Mariah Carey and Billy Crystal.

But, the event wasn’t always so big. It started in 1931 when workers building Rockefeller Center put up a small 20 foot tree, decorated with simple strings of berries, paper garland and a few tin cans and tin foil blasting caps. There was no tree put up in 1932, but the tree returned in 1933, during the Depression. Since then, it’s been a New York City Christmas icon, and the celebration grows every year!

The first tree is in stark contrast to this year’s tree. A eight-foot Norway Spruce has been selected as this year’s tree, from Mount Olive, New Jersey – about an hour from Manhattan. The owner, Joe Balku, lost power and many other trees on his property during Hurricane Sandy, but the 80-foot tree, which is 50 feet in diameter and weighs 10 tons, was unmoved by the storm. The decorations have come a long way as well – long gone are the days of tin foil and paper garland. This year’s tree constants 30,000 energy-efficient LED lights, attached and powered by 5 miles of wiring; and is supported by 4 guide wires. The star topping the tree is a 9.5 foot Swarovski star that weighs 550 pounds. After the tree is taken down, is is used for lumber by Habitat for Humanity, mulch for the Boy Scouts of America, and the largest portion of the stump is given to the US Equestrian Team in New Jersey to be used as a jumping obstacle. The tree will be lit from 5:30 to 11:30 PM daily, and all day Christmas Day; and will be turned off on January 7th.

For those in attendance, the most popular subway stop is 47-50th St. Rockefeller Center station on the B/D/M/F lines, but it is also easily accessible from other stations including the 5th/53rd stop on the M/E or south at 5th/59th St. on the Q/N/R. If you’re coming from an office space in New York that’s near Grand Central Station, like our center at 275 Madison Avenue, you can take the 6 from Grand Central to 51st/Lexington; or walk and enjoy the crisp winter air! We hope you get to see this iconic New York landmark and enjoy the spirit of Christmas in New York City.




Smart Phone Booths Prove to be a Smart Move for NYC

New York City is one of the world’s most advanced, connected cities in the world. A walk through Manhattan will reveal commuters, business professionals, students and artists with the latest in smartphones to help them stay connected with the fast pace of city life.

With smartphones so prevalent, it may seem surprising to even think about payphones or phone booths – a technology that is quickly going the way of the typewriter and telephone operators. However, during Hurricane Sandy, many New Yorkers without electricity to charge their mobile devices relied on payphones to make calls and check on family and friends. Phonebooths provide a vital source of communication during times of disaster, particularly if cell-phone towers are out of service.

Phonebooths in New York City are getting an upgrade from coin-operated landline phones to Internet-enabled hotspots with community information, directions to landmarks and local retailers, and emergency assistance. The large, touch-screen displays are similar to a smartphone screen, and are used not only to make outgoing calls and receive information in times of emergency, but provide helpful information on local retailers, the subway system and maps of the city.

Some questions remain about the physical durablity and safety the new, hi-tech booth. Tom Touchet, CEO of City 24×7, the company leading the project – which works with Cisco to provide the network technology which powers the LG Flat Panel displays – attested to their durablity, noting that they have been installed in other high-traffic areas such as Newark, New Jersey without sustaining damage. The booths were operational in areas with power during the hurricane, providing a vital form of communication – displaying emergency information from City Hall.

City 24×7′s current plan is to install 250 “Smart Phone Booths” across all five boroughs of New York City, including high density areas such as Times Square, Grand Central Station and World Trade Center. They also plan to expand to other major cities including Miami, Los Angeles and Boston.

While New York City offices might still rely on landline connections, it has become clear that the future will be dominanted by smartphones. The innovation seem in these new smart phone booths will not only help travelers and residents navigate the city and find a bite to eat, but have already proven useful in emergency situations, including Hurricane Sandy and during a police incident in Times Square.




Financial District Office Space Update

In the days after Hurricane Sandy, business came to a halt in Lower Manhattan due to flooded subway lines and power outages from Chelsea down to the piers. Utility crews, transportation workers and city staff have worked around the clock to restore power and subway service to most of Manhattan, although lingering problems still exist. For example, the PATH service connecting Jersey City, Newark, Hoboken, and the World Trade Center reminds under repair due to water damage. The MTA has restored service to many of it’s lines, but several lines remain inaccessible  including the R train between Cortlandt St. and Jay St – Metrotech in Brooklyn. A full map of the current subway operations is available from the MTA as of November 6th, and will be continuous updated as service is restored.

According to the New York Post, approximately 10% of office space in the financial district is currently closed due to flood damage and electrical issues. Peter Riguardi, CEO of Jones Lang LaSalle, estimated between 10 and 15 million square feet of office space is currently not available for use. One notable property is 55 Water St., with over 3.8 million square feet of office space, the city’s largest office tower, which sustained substantial water damage. 400 tradespeople are working around the clock to get the building operational once more, pumping out between 32 and 52 million gallons of ocean water from the first three levels of the building.

However, a week following the hurricane, it is notable that progress is being made. Subway service is being progressively restored, more buildings have power, and more people are getting back to work in an area that looked like a ghost town after the hurricane’s landfall.

We are fortunate to say that our location at 22 Cortlandt St. is operating and excited to welcome our tenants back. And while the hurricane has proven disruptive, the Financial District recovered from a much greater tragedy and came back stronger then before. We hope all our clients are safe after this historic storm, and are thankful to be part of such a resilient city.

Grand Central sees Healthy Hotel Growth

Grand Central Terminal is usually not thought of as a place to go for improving health, wellness and physical fitness. However, with the introduction of “Even”, a new hotel with a focus on health and wellness, InterContinental Hotels Group is hoping that business travelers can stay on-track with their fitness goals near the major MTA MetroNorth Hub

New York was ranked as one of the top 50 healthiest cities in the USA and has undertaken several health-based intiatives, including smoking cessation programs and restrictions on soft drink sales. Combined with the high demand for hotels in Midtown Manhattan, IHG believes that Even will be a success, and hopes to expand operations throughout the country, with the Grand Central location being the flagship property.

The hotel, to be part of a newly constructed tower near Grand Central, will contain about 200 rooms, with meeting and conference rooms as well as dedicated indoor and outdoor areas for exercise. In addition, dedicate laundry service for workout gear and nutritious dining options give guests the tools to stay healthy while traveling.

‘Even’ is not the only option for business travelers looking to stay healthy. The Fairmont Hotel in Washington, D.C. offers gym clothes and athlethic shoes to it’s guests; and the national Sheraton hotel chain has invested over $100 million in upgraded gym facilities and guest services focused on fitness.

Of course, those looking for a more traditional hotel experience have plenty of options in New York’s busiest business and tourism district, near Times Square, Bryant Park and other major landmarks. The Westin Grand Central recently opened to new guests, with a ribbon cutting cermony from Mayor Bloomberg this past Friday.

We offer several office space locations near Grand Central Station, but no matter where you’re going, we hope you stay healthy and happy in your travels!


New York City Accelerating $1 Billion in Improvements

Mayor Michael Bloomberg announced accelerated spending on capital improvement projects throughout New York City including “critical” projects such as bridges, roads, schools and libraries. The projects, at a projected cost of $1 Billion, were originally part of New York City’s four year capital plan. Originally  a capital advancement of $2 Billion was proposed by city Comptroller John Liu. Bloomberg announced the revised plan along with  Liu and City Council Speaker Christine Quinn on October 17th.

The city cited historically low interest rates for borrowing and the need for growth in employment; as well as the urgency of certain projects including removal of toxic chemicals from over 100 school buildings. Other projects include resurfacing of 300 lane-miles of roadways, street repairs, and waterfront improvements.

These improvements are expected to create approximately 8,000 jobs according to Mayor Bloomberg. While the city’s total unemployment rate is up 0.8% percentage points from the same period last year, certain industries have seen gains. Employment in the private sector for the city of New York rose 2.9% over the past twelve months according to the Department of Labor. This, combined with recovering demand for retail and office space rentals in Manhattan, has helped to keep the private sector economy thriving. However, construction jobs fell 0.6% in the past twelve months to it’s lowest point since 1998. The city’s capital improvement plan is designed to stimulate growth in that sector.

We hope your next trip through the city, for business or pleasure, goes smoother as a result of improvements to New York City’s bridges, roads and streets.


Lower Manhattan Sees Growth in both Business and Tourism

According to the Lower Manhattan business improvement district, the amount of tourism and leisure has increased dramatically, with the area seeing a continuing increase in the number of visitors each year. It is projected that TriBeCa, the Financial District and other areas south of Canal Street are the second-most visited landmarks in New York City, behind only Times Square.

It’s an exciting time for Lower Manhattan, which has had to endure a long recovery process after the 9/11 attacks. The September 11th memorial that opened last year has already been visited by thousands, and many have come to see the nearly completed One World Trade center building, which will be the tallest in Manhattan after it’s completion. The completion of the project will also bring a large amount of additional commerce into the area. This, combined with a stabilizing financial market, means that the Financial District is seeing a steady increase in the amount of both workers and visitors.

Aside from the new One World Trade Center and September 11th memorial, many tourists come to visit Zuccotti Park, where the Occupy Wall Street protests took place, as well as the New York Stock Exchange and Financial District. With these additional visitors, local eateries and entertainment venues have also seen increased business, keeping the area busy into the evening hours.

With increased tourism, not everyone is happy, however – many residents of the area who were drawn to it for the quiet streets and low traffic in the non-working hours now say that the streets and subways have begun to crowd and created noise into the evening hours. But, for better or worse, Lower Manhattan has resurged, and doesn’t plan to slow down any time soon.

Big Changes for NYC’s Yellow Cabs

Recently, there have been some interesting changes in the city’s iconic yellow taxicabs. The Taxi and Limousine Commission has approved a rate increase for cabs throughout New York. The change goes into complete effect as of September 30th, but the majority of taxis are already charging the new rates, which must be displayed on the side of the vehicle for potential riders. The increase is from 40 cents to 50 cents for each fifth of a mile or 60 seconds in slow traffic. On average, the typical total fare will increase 17% for riders.

It may be getting more expensive, but it is getting easier to catch a cab. Uber, a service that originated in San Francisco and has now expanded service to New York City, has created a smartphone application that signals a taxi to your location. A small number of taxi drivers are currently participating, but the number is expected to rapidly expand.

Currently, the application and several others like it are being reviewed by the Taxi and Limousine Commission to ensure compliance with all legal regulations. But with smartphones becoming more prevalent, it is certain that the future of hailing a cab is here, and applications like Uber will grow in popularity.

New York’s Parks End Summer with Exciting Events

New York City is often referred to as an urban jungle – with awe-inspiring skyscrapers, bustling city streets filled with yellow taxis and construction vehicles, subway stations abound. But in all of this, there is some peace and greenery to be found in the beautiful parks in Manhattan.

The most noted, most visited urban park in the United States is Central Park. Aside from the beautiful views and urban oasis it provides, there is a constant series of events going on within the park. Wrapping up this week was the Central Park Summerstage concert series featuring everything from comedy and classical to dance music and hip-hop. Starting this past Tuesday is the Central Park film festival, running until Friday, August 24th. Admission is free and it’s a great chance to watch movies and enjoy the beautiful summer weather.

A few blocks south at 42nd St and 5th Avenue, Bryant Park has just ended their summer film festival, occurring every Monday, presented by HBO. The final film shown was Indiana Jones’ Raiders of the Lost Ark. “It’s a great experience – sitting out of the lawn and watching a movie. It’s different, it’s fun and it’s one of the really exciting things that you can do in New York that make it such an interesting place to live.” noted Lucien Vonwehren, a business consultant who works from our furnished executive suites at 275 Madison Avenue, near Bryant Park “It’s great whether you’re young or old, with friends or your family – It’s something everyone can enjoy.”

There’s more to enjoy at our city’s parks going into the autumn and winter. For more information on events in parks throughout New York City, visit

Subway Shuffle

The New York Times had an excellent video and article recently about the challenges facing subway riders in New York City. With office space available near major MTA subways stations such as Grand Central Terminal in Midtown and Fulton St. Station in the Financial District, many of our customers rely on the subway system to get them where they need to go every day. New York’s subway is the largest rapid-transit system in the US. Only Tokyo, Moscow, Beijing and a few others see a higher ridership. It is estimated that 5.3 million people use the New York City subway on a typical weekday.

Every day, many of these riders make the “subway shuffle”. This delicate dance of commuters happens at many subway stations, but the New York Times chooses to focus on the N – Q – R platform at 34th St. at Herald Square. One train arrives, and commuters must bolt across the platform, sometimes in a vain attempt to make a connection. Other times, a train will be waiting at the station – the same train arrives across the platform, and is gone before the original train has even departed.

In a city that is moving faster than any other, these seconds and minutes matter to New York City’s commuters and residents. It can be the difference between being on time for an important meeting, and having to use the excuse “the train was late”. And more outside the city deal with delays from NJ Transit and LIRR service. Not to mention, the foot and motor vehicle traffic isn’t exactly light in Midtown at Midday. Everyone has a shuffle to make – but we hope you make it to your office safe, sound and on time no matter how you’re getting there.

NYU Plans to Expand

Plans to expand New York University have been approved by a City Council board last week, passing a modified version of the NYU Core expansion plan. In a nearly-uniramous vote, council members gave the okay to a series of new zoning permits and amendments that allows the university to greatly expand its real estate in the Greenwich Village section of Lower Manhattan.

Seven new buildings will serve as office space, apartments and dormitories for the university. They will be placed in addition to two current apartment complexes, Washington Square Village and Silver Towers, south of Washington Square Park, which house 40% of the university’s full time faculty members.

Some opposition arose, as many residents in the nearby areas expressed displeasure with the noise, dirt, and inconvenience associated with the new construction. Facility members and area residents expressed concerns of the new buildings affecting the Village’s low rise, charming nature and harm to the environment by adding bulky structures and increasing traffic in the area. The university contends that it needs additional space for its 50,000 students and 17,500 employees as the university sees increasing enrollment.

The footprint for the project was reduced 26% from its original proposal. Work on the project is slated to begin in 2014 and will provide additional construction employment opportunities as well as full-time positions with the university, according to John Sexton, the university’s president.

Flatiron District – Manhattan; Silicon Valley East?

The Flatiron District of Manhattan, surrounded by historic areas such as Madison Avenue, Union Square and Greenwich Village; has seen a major boom as more and more technology companies, both big and small, set up operations in this Manhattan neighborhood.

Formerly known as the “Toy District” for it’s various toy shops, and then the “Photo District” due to the large number of photography studios, Flatiron is now seeing a shift torwards advertising, media, computer and technology-related companies. The growth has been rising rapidly after a downswing during the dot-com bubble of the early 2000s.

Recently, a 20-story office tower near the Union Square area sold for $140 million. The 14,000 square foot office and retail space will be available for lease in early 2014. But, that’s not the only area of Manhattan seeing a technology boom – Facebook is currently looking north to Times Square and considering a lease there.

Why are tech companies choosing Manhattan? Talented employees from Princeton, NYU, Rutgers, UConn, Columbia, NJIT, and so many other world class educational institutions with top-ranking computer science programs. Ease of access, with three massive airports and the US’ most extensive rapid transit system. All of it makes Manhattan a perfect place to do business.

Corporate Suites has had the privilege of working with several information technology companies in the area – ranging from temporary office space in Financial District, to virtual office mailing service and phone answering services, providing coders and programmers who work from home to maintain a professional business address and presence without the cost and commitment of a full time office. And we look forward to working with many more as Silcon Alley expands!

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