PG Commercial Real Estate – Commercial Realtor Montgomery County, PA and Greater Philadelphia Region

Posts Tagged 'corporate office space'

The New World of Work

Collaborative office space was originally conceived by Steve Jobs for his new Pixar headquarters in Emeryville, California.  He believed employees who work independently are less creative than those who work together.  So he designed Pixar to provide chance encounters, giving employees the opportunity to connect, collaborate, and create.

As more tech companies adopted this approach, they observed and experienced the extensive benefits of collaborative office space:

  • Reduced Footprint. Traditional office spaces are based on 250-300 square feet per person.  Employees in collaborative space sit at benches and managers use workstations, thus reducing space needs by up to 40 percent.
  • Google Space. Google took collaborative space to the next level.  Perks such as gourmet food, massages, and fitness facilities are bait to attract and retain top talent. This minimizes the need for and cost of staffing companies.
  • Work/Life Balance. Google Space has become so attractive to employees that they don’t want to leave the office.  They eat gourmet food and have their dogs at their side, enabling them to work late into the evening.
  • Fewer Sick Days. Wellness has become a major component of the new office environment.  Healthy foods and exercise areas promote wellness, reducing time away from work.
  • Innovation.  Collaborative space fosters creativity.  Since all companies thrive on innovation, collaborative office space has become a major contributor to their success.
  • Brand Promotion. While collaborative space is good for the employees, the design of today’s office space has become a showroom for the company’s brand, which helps to sell the company’s products to potential clients.

The benefits of collaborative office space are too numerous and influential to ignore.  That’s why so many of the world’s top companies are retrofitting their offices accordingly.  Contact Peggy Gallagher, your ITRA Global Representative to re-invent your office environment!

 

This article was originally seen in the monthly mailed newsletter.

Posted in: ITRA Global

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Tenant Representation or Personal Shopper?

Tenant Representation is like being a personal shopper for a very large and complicated purchase; an industry term is Transaction Manager for the Tenant.  The women of C.R.E.W., Commercial Real Estate Women, might agree this is one reason women make great commercial real estate brokers. Women know what they want, how to find it and are excellent negotiators.

tenant representationPeggy Gallagher, owner of PG Commercial Real Estate and a woman real estate professional weighs in on the benefits of Tenant Representation and the value it has to a Business.

What makes an office space purchase, or lease, a complicated purchase? For starters the multiple layers from identifying the properties, to financing, to space layout, to taxes and orchestrating the move itself.

  • Knowledge of the language in contracts and the business terms associated with it
  • Distinguishing factors and expectations of different property classes: A, B etc
  • Setting expectations and help to compare industry standard in a purchase or lease, which can assist with the negotiation process
  • Access to information on available property and market information
  • Value & Cost Comparisons Breakdown of actual cost per square foot to compare Buildings
  • Assist you in building your Real Estate Team with key players
  • Compare and contrast similar properties

If you are approaching a lease renewal, or looking to move office space, and in need of a personal  real estate shopper, contact Peggy for how to get started!

Posted in: Corporate Office Space

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