Emily Mouquot

Some great special offers on office space rental in NYC in September. One of them is for executive suites located close to New York Penn Station, in the Chelsea/Midtown South district on West 29th Street at 6th Avenue.

The building is a short walking distance from both Flatiron and Union Square. The close proximity to New York Penn Station serves commuters from Long Island and New Jersey as well as subway riders in New York City. It also provides intercity services through Amtrak.

The office suites are architecturally designed with combinations of glass, metal, stone and wood. High ceilings and frosted glass partitioning allow the internal areas to glow with natural light. The refinished original wood floor retains its character and the newly installed HVAC system with exposed round duct work cools the office suites efficiently and brings an industrial look to the space.

The all-inclusive, newly renovated turnkey offices are fully furnished and equipped with latest technology VOIP telephone system and internet access - all designed to provide instant office presence to small businesses, large corporations and emerging start-ups. The flexible, fully equipped office space package offered on small suites to large open layouts are available for professionals and firms looking to save time and money on the setting up of new offices.

The various break-out areas include a library lounge and pantry. The conference room can accommodate 8 people and is equipped with a large flat panel high definition satellite LCD screen TV that can be hooked up with a computer system, DVD player, and flash memory cards.

This September, you could get an office in this building for as low as $370 per person per workstation. The business center operator also has available mid-September a 5 person windowed office for $1850, all inclusive!

SOS> Search Office Space, New Yorkers #1 executive suite broker, is currently organizing tours to see the space. Should you want to take advantage of such a great opportunity, please contact Daniel Soffer on 888-989-0007 or email us at sales@sos-america.com , quoting ref 8424.

Written by Emily Mouquot, Marketing Director.

The Leeds commercial office market was one of the few UK areas which haven’t seen a great overall weakening in 2008 of demand and take up for office space.

Thanks to the high level of take ups for commercial offices in the previous year, especially at the beginning of 2008, the number of rents in Leeds increased. This was mostly due to the low level of availability of centrally located grade A office space at that time, maintaining prices. In the second half of 2008 there was a weakening of the office space market, mainly due to a drop in demand as tenants reassessed their needs due to the unravelling economic crisis and shroud of uncertainty.

In 2009, there is still a limited choice of grade A office space, although there will be more available soon with the completion of 500,000sq ft of new office space currently under development. According to office agent Drivers Jonas, the Leeds office market is predicted to bottom out this year and slowly return to growth by the end of 2009.

The weaker demand will make the rents inevitably fall however, Leeds City Council is currently looking at taking 300,000 sq ft in the City Centre. To put it in perspective this is half the overall take up for commercial office space in Leeds, which will give a boost to the market if the deal closes.

The total amount of take up in Leeds last year was 400,000 sq ft. The first quarter of 2009 saw a total of 99,000 sq ft of office space rented, which is 8,000 sq ft lower than the figures achieved in 2008.

The general outlook given by Drivers Jonas in 2009 indicates a drop of approximately 8% in the average rents as well as an increase in the free-rent incentives, which is good news for the occupiers. For landlords on another hand, the most encouraging news for 2009 will be the large take up planned by Leeds City Council, which should boost the Leeds office space market and help it get through this tough year.

Written by Emily Mouquot, Marketing Director.

In the current global recession, the environment is maybe not an overriding concern for most businesses. Having an eco-friendly business and office is usually associated with more cost and with most companies currently looking at cutting costs, making an environmentally friendly office space may get pushed way down the agenda.

Despite these preconceptions and the global downturn, the serviced office industry has maintained its environmentally aware attitude offering hope to those trying to fine cost effective offices while maintaining cost savings. With Earth day this week, here at Search Office space, we thought we should introduce some serviced office space operators in the UK with the environment at heart, proving you can be green and actually save money.

Based in Leeds is Icon Business Centres, situated in one of the largest UK business parks. This office space provider offers the greenest serviced offices in the UK with the highest BREAM (The Environmental Assessment Method for Buildings around the World) ranking in the entire industry. Built from sustainable resources, the building uses rainwater for sewerage systems and combined heat and power for a substantial proportion of the buildings energy needs. This truly is a green office working environment.

Another provider Avanta, one of the leading UK serviced office operators, is also one of the most economically aware in the UK. Back in December 2008, Avanta started an eco button campaign within all their centres, installing buttons which are power saving devices for PCs, when the user is away from the workstation. By using these, the serviced office space operator is able to save an average of 34 tons of CO2 for approximately 500 computers. They also placed recycling in all the break-out and kitchen areas, encouraging the tenants to do their bit while at work for the ecology.

Several other centres have started to follow the routes of Icon Business centre and Avanta, however, investing capital in going green is probably too ideological for many in a cost conscience economy. But as more and more businesses seek to find green alternatives we hope to see the serviced industry become a leader in providing affordable, green office space.

Through the recession, only few businesses would invest in passive air handling systems, solar panels or even rainwater recycling systems as it would require a huge outlay of capital that companies are not prepared to invest as yet. However, the current office solution offered by the business centres such as Avanta and Icon is not only eco-friendly but can also cut costs, which is actually the best compromise businesses could find in the UK market today when looking for offices to rent.

So with Government stimulus packages going to greener companies and initiatives in the medium term we may see more green conscientious businesses. Serviced offices not only offer cost savings over traditional lettings, it looks like leading the way in a greener working environment and thats all good for our wonderful planet Earth.

Written by Emily Mouquot, Marketing Director.

Dublin office rents are now the fifth most expensive in Europe according to a recent study by NB Real Estate. The average price per sqm is now higher than in the City of London.

This is still despite that the rents in Dublin have fallen by 10% last year to reach €600 per sqm. The City of London, however has seen a dramatic 38% decrease in the average rents last year, falling in the rankings to sixth below Dublin with an average rent of €593 per sqm.

Even if Dublin has become one of the most expensive locations to rent office space in the last few months, there are several advantages such as its tax system making it a European hotspot.

Since mid-2008 the city has seen more and more businesses choosing it to settle their business headquarters there. In particular there is a rise in the amount of corporates moving their domicile residence to the city, raising the issue of the UK losing many big British businesses due to its uncompetitive corporate tax system.

Businesses looking to rent office space in Dublin will still be able to find some great bargains, especially in the serviced office space sector. The business centre operators in the city are offering great all inclusive offices to let on flexible terms, helping companies through the recession by making a move to the city cost effective even though rates are still relatively high.

So Dublin is now regarded as an up and coming business location in Europe with more and more businesses locating there. Although the rates themselves are expensive and surprisingly more so that in the City of London, there are some great deals on flexible offices to let. The serviced office sector in Dublin continues to prove cost effective for all types and sizes of business and a sound choice in uncertain times.

Written by Emily Mouquot, Marketing Director.

Brand New Luxurious Business Center Located in the financial district of New York City, Grand Opening with over 70 Suites available, to respond to the high demand of shared office space to let in the Financial District.

The center provides a "shared office environment" with the most advanced business tools. It offers luxury furnished offices with flexible lease terms and virtual office plans. Available 24/7, with 6 newly renovated elevators, and an executive renovated art deco lobby, this center is able to satisfy any business requirements. In just 24 hours, any company can be up and running in this modern environment.

The building is conveniently located near Fulton Street Station on William Street. As an opening offer, the center offers a month free rent for any tenant that signs up for a 12 month lease.

08.07.08 Daniel Soffer, Vice President of SOS > Search Office Space America, an agency specialising in executive office suites and business centres for over 15 years, comments as follows: “Search Office Space has already secured great interest in this building with businesses from any type of sector. Space is still available, and Search Office Space highly recommends businesses in need of shared office space in the Financial District, NYC, to book a tour through us shortly.”

Written by Emily Mouquot, Marketing Director, Search Office Space, 10-07-2008