Office Boulevard

Archive for June, 2010|Monthly archive page

How Much Should I Pay for an Executive Suite?

In real estate on June 30, 2010 at 8:44 pm

I come across people everyday who are looking for office space and they want to know how much it would cost to get into executive suites. There are different factors in determining a price for a particular executive suite and I will get into that. But the common misconception is that people expect to pay what they normally pay for traditional office space, and that is just an unfair comparison. The truth is, executive suites range from $3-$10 per sqft, and when I mention that, the calculators in their brain start working overtime, and the result is: I can’t afford that! I need, they would say, 1000 sqft. So you are telling me that it would cost me at least $3000/month for an executive suite? Well, yes, if you need that much space. Executive suites have common areas that are shared by all tenants: conference rooms, reception area, kitchen, restrooms, etc…these common areas are not charged to you directly. It is built into your monthly fee. In a traditional office space, these common areas account for more than 70% of your office. So in reality, you are really paying for about 300 sqft of office space, and at $3/sqft, your monthly cost is $900…much more manageable.

Let’s first talk about the advantages of executive suites over traditional office space. I will just put them down as bullet points so I don’t get into a lengthy discussion and get off topic. If you have any questions, just contact me directly.

  • Very flexible lease terms, month-to-month leases up to one year or longer.  Traditional office requires 3-5 year commitment
  • No HUGE capital outlay to get into an executive suite versus a traditional office space
  • Pay for only the number of offices that your company needs.  If you grow, you can always add more offices when you are ready without affecting the terms of your lease.
  • All NNN costs are included.  This include utilities, CAM or Common Area Maintenance charge, janitorial and taxes.
  • Plug and play, you can move into your office the next day.  Phone and internet are in placed and ready to go.
  • Corporate feel, your clients will feel that you are in the corporate environment and may feel better about working with you.
  • Receptionist meet and greet and telephone answering.  How much would you have to pay to hire your own receptionist?  Think about this one…it’s priceless
  • One price covers all.  Know exactly how much is going out every month.

Disadvantages

  • Higher cost per sqft.  Not bad considering what I included above.
  • Proprietary phone and internet.  You cannot bring in your own system, and you pay for long distance phone usage at list price.

These are factors that will drive a price on executive suites.  Again, in bullet points

  • location, location, location.
  • window office or interior, expect to pay $100 or more for a window office of the same size vs. interior office
  • Class A or Class B
  • Availabilities at that center
  • Square footage, there is a big difference between a 150sqft office and 175sqft office
  • manager’s discretion

That last bullet point is very important, in my opinion, because a manager has to do what is best for his/her center to be profitable, so they will give the best deals to online brokers who have good relationships with them and continually send them quality clients.  Having said that, I’m going to copy and paste my last point to clarify why you need me 🙂

Work with a local, respected online broker who knows the managers and can get you better deals. These brokers are different from the traditional real estate brokers because all they focus on are executive suites. Not all online brokers are created equal. Look for one who is in the same market as you, and seems to know the managers and availabilities and specials. These are the ones who can pick up the phone to their favorite managers and get you extraordinary deals that you can’t get yourself. Their services are free to you, and in most cases, you will get a better deal. The important thing is to contact the broker BEFORE you contact any executive suites managers. This enables the broker to represent you on your behalf.

Written by JC Nguyen. If you have any questions, please contact JC at 949-800-5507. JC is a well-respected online broker for the Orange County/LA Executive/Dallas Executive Suites. His email is jcnguyen@officeblvd.com and his web site is http://www.officeblvd.com.

 

JC also works with all executive suites nationwide. The nationwide and worldwide link ishttp://www.ineedoffice.com

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Orange County Executive Suites, How To Get a Great Deal

In real estate on June 29, 2010 at 10:56 pm

There are over 50 executive suites in Orange County, here are some things to look for when you are shopping for an executive suites.

1. End of the month deals – managers of executive suites are rewarded based on performance. That means that they have to keep their offices full or nearly full. So when the end of the month comes around, expect some specials and incentives for you to sign for the office space. This is the best time to look for office, versus at the beginning of the month.

2. Terms of lease – Never sign for a month-to-month lease. Managers are going to lease the offices to you at the market rate, which includes almost zero discounts. Most centers need a 60 days notice, so essentially your month-to-month lease becomes a 3 months lease. Instead, ask the manager for a 6 or 12 months deal. This is where free rents and discounted rates are possible.

3. Executive suites charge for services like phone and internet…per person. So an office for two is going to be more expensive than for the same office for one. If you think your partner may not be in the office much, lease the office just for yourself, then share the phone and internet with your partner. This will save you about $100 or more per month.

3. Work with a local, respected online broker who knows the managers and can get you better deals. These brokers are different from the traditional real estate brokers because all they focus on are executive suites. Not all online brokers are created equal. Look for one who is in the same market as you, and seems to know the managers and availabilities and specials. These are the ones who can pick up the phone to their favorite managers and get you extraordinary deals that you can’t get yourself. Their services are free to you, and in most cases, you will get a better deal. The important thing is to contact the broker BEFORE you contact any executive suites managers. This enables the broker to represent you on your behalf.

Written by JC Nguyen. If you have any questions, please contact JC at 949-698-4799. JC is a well-respected online broker for the Orange County/LA Executive Suites. His email is jcnguyen@officeblvd.com and his web site is http://www.orangecountyexecutivesuites.us

JC also works with all executive suites nationwide. The nationwide and worldwide link is http://www.ineedoffice.com

Executive Suites Global Search by officeblvd.com

In real estate on June 27, 2010 at 5:41 pm

CLICK HERE to search for Office Space Locally, Nationwide, or Globally…or call 949-698-4799

Office Blvd Washington DC Executive Suites Office Space

In real estate on June 27, 2010 at 5:40 pm

Description:
http://www.ineedoffice.com

We specialize in short term executive suites, plug and play private offices, Class A office space and virtual offices. If you give us your requirements, we can help you find the right office and negotiate a great deal that you will be happy with. We have excellent working relationships with our managers in DC and we can save you time and money…guaranteed.

Please go to http://www.ineedoffice.com and choose your centers. We will call you back shortly with some prices. We won’t waste your time, just give us a try.

Contact Page
http://officeblvd.com/officeblvd_contact.html

Office Blvd Phoenix Executive Suites PHO Office Space

In real estate on June 27, 2010 at 5:34 pm

Description:
http://www.ineedoffice.com

We specialize in short term executive suites, plug and play private offices, Class A office space and virtual offices. If you give us your requirements, we can help you find the right office and negotiate a great deal that you will be happy with. We have excellent working relationships with our managers in Phoenix and we can save you time and money…guaranteed.

Please go to http://www.ineedoffice.com and choose your centers. We will call you back shortly with some prices. We won’t waste your time, just give us a try.

Contact Page
http://officeblvd.com/officeblvd_contact.html

Office Blvd Las Vegas Executive Suites LV Office Space

In real estate on June 27, 2010 at 5:25 pm

Description:
http://www.ineedoffice.com

We specialize in short term executive suites, plug and play private offices, Class A office space and virtual offices. If you give us your requirements, we can help you find the right office and negotiate a great deal that you will be happy with. We have excellent working relationships with our managers in Las Vegas and we can save you time and money…guaranteed.

Please go to http://www.ineedoffice.com and choose your centers. We will call you back shortly with some prices. We won’t waste your time, just give us a try.

Contact Page
http://officeblvd.com/officeblvd_contact.html

Dream Executive Suites, Corner Office with View in Century City

In real estate on June 26, 2010 at 10:58 pm

I have an attorney who is looking for someone to take over his lease that runs through November. This is a premium, luxurious, corner office, about 300 sqft, that has amazing views of Hollywood Hills. The office is full service, which means that there is a receptionist on duty during business hours to take care of your office needs, phone system and T-1 internet are in place.

He needs to get out of this lease asap, so he is willing to work with you so that you are getting a great deal.

Bargaining tools:
Office full of real dark wood furniture with replacement value of $5000
or $300 valet parking
or even a reduction in rent.

He is currently paying $3k for rent and services.

Negotiable!! Let’s make a deal! Call me to make appointment to tour office. JC Nguyen 949-698-4799 or inquire@officeblvd.com.

Irvine Executive Suites, Citicorp Bldg Penthouse Level Office Space

In real estate on June 25, 2010 at 8:13 pm

Located on Michelson Drive in Irvine, CA, this penthouse level executive suites feature a large balcony overlooking the city, close proximity to John Wayne airport, and beautiful offices throughout, starting at $499. Call us at 949-698-4799 or email Office Blvd at inquire@officeblvd.com to arrange tours.

Amenities:

  • Professional On-site Manager
  • Furnished or Unfurnished
  • High Speed T-1 Internet Access
  • 24 Hour Suite Access 7 Days a Week
  • Personalized Answering Service & Voice Mail
  • Professional Reception Services

  • Conference Rooms with use of over 600 Locations Worldwide
  • Professional Mailing Address
  • Secretarial Services
  • Facsimile, Photocopies and Postage
  • Coffee & Tea Service and Kitchen Facilities
  • Virtual Office Packages starting at $95/month
Location:

  • Three blocks away from John Wayne Airport
  • Penthouse level with views







Executive Suites, Ocean View Offices in Long Beach CA

In real estate on June 24, 2010 at 6:34 pm

Beautiful Offices at World Trade Center, Oceangate, W. Ocean and Kilroy Airport in Long Beach start at only $400.  Class A high rises ready to meet and exceed your company’s expectations.

Amenities:

  • Professional On-site Manager
  • Individual Offices and Mini Suites
  • Furnished or Unfurnished
  • High Speed T-1 Internet Access
  • 24 Hour Suite Access 7 Days a Week
  • Personalized Answering Service & Voice Mail
  • Professional Reception Services

  • Conference Rooms with use of over 600 Locations Worldwide
  • Professional Mailing Address
  • Secretarial Services
  • Facsimile, Photocopies and Postage
  • Coffee & Tea Service and Kitchen Facilities
  • Virtual Office Packages starting at $95/month
Location:

  • Beautiful Courtyard
  • Hilton 400-room Hilton Hotel, Conference Room Center and Health Club
  • 24 City of Long Beach Chamber of Commerce
  • Long Beach Courthouse
  • Post Office and Overnight Courier Services
  • Dry Cleaners
  • Cafes and Sundries
  • Citibank with ATM
  • Valet Parking
  • Car Wash and Auto Detailing Services
  • Immediate access to the 710 and 405 freeways
  • Close proximity to world-class hotels, restaurants, shopping, entertainment and recreation.

Executive Suites in Woodland Hills, CA

In real estate on June 23, 2010 at 3:36 am

Beautiful Class A Executive Suites start at $399.

PROPERTY FEATURES


Competitive Rates
On-Site Management
Professional Reception Services
Mail Services and Sorting
Coffee & Tea Service and Kitchen Facilities
Conference Rooms with use of over 600 Locations Worldwide
Professional Mailing Address
Facsimile, Photocopies and Postage
Personalized Answering Service & Voice Mail
Law Library
24-Hour Suite Access, 7 Days a Week
Virtual Office Packages starting at $95/month
Covered Parking

LOCATION FEATURES


Spectacular Panoramic Views of the San Fernando Valley and Surrounding Mountains from Most Suites
West San Fernando Valley location with easy access to the Ventura (101) freeway
Moderately priced and upscale restaurant options on-site
Banks and financial services tenants
Fully-equipped fitness center, dry cleaning and sundry shops