Not all commercial real estate projects are targeted towards rentals, retail, or traditional office space. Another alternative that has risen to the surface is a less traditional office space layout designed for co-working space. Many workers and companies alike now shun the idea of a traditional office environment. But, sitting at home may not be the ideal solution either. If you are considering co-working space for your next project, here is what you need to know about them and some…
“Space: the final frontier.” You may remember these words used at the end of the Star Trek film series. While that expression served well to summarize the great adventures of the starship Enterprise and its intrepid crew, it may also have some application to business today. Today, designing office space offers new challenges for business leaders. While it is not the “final frontier,” office space faces a new frontier due to changing worker demographics. Today, workers are living longer and…
Your office space design plays a big role in how well your business performs. It also impacts how successful you are with employee satisfaction and retention. Here are three important factors to consider when you redesign an office space. 1.Modernize your office space to boost your brand and employee morale. Nearly two-thirds of U.S. employees are not fully engaging in their jobs which reduces productivity and costs the economy between $450 and $550 billion a year in lost productivity. This…
The growth in the number of people who live and work in the area has increased demand for office space in Charleston according to research done by Marcus & Millichap, a California-based commercial real estate brokerage and research company. New business headquarters and centers are interested in renting office space in Charleston as a result of increased employment and population gains in the Lowcountry. Charleston Employment and Vacancy Rates Charleston increased total employment by 1.5 percent since last year with…
From startups to established companies, more businesses are using flexible office space. Not only does flexible space provide a lower-cost alternative, it’s also a more user-friendly space than the traditional office setting. Building owners are increasingly embracing the concept of flexible office space and leaving behind preconceived views on leasing office space. They are becoming curators of building community and facilitating workplace experiences. Why Use Flexible Office Space? “For owners, dealing with small tenants has never been something that you…
Online shopping continues to transform retail and is reshaping the real estate market as well. Retailers used to house merchandise in department stores with many floors above the street level. In most cases, this was without office space. Now there is a shift, evidenced by real estate investors seeking to have a more mixed-use space. In Manhattan, this trend to edge out retail for offices is becoming more prevalent. Normandy Real Estate recently invested $133 million to convert several floors…
The former Albemarle School in West Ashley has been converted to 20 office spaces and is already fully leased. Charleston attorney John Hagerty bought the 25,000 square foot property in 2015 for $1.4 million. He immediately started a renovation for an additional $1.6 million. Developers named the newly refurbished office space The Schoolhouse. The Parks Conservancy has leased 4,000 square feet of office space, on the backside of the building, which is adjacent to the Parks Conservancy’s 3 1/2acre Magnolia…
Office properties in central business districts (CBD) are outperforming those in typical single-use suburban office areas, according to recent trends examined by the NAIOP Research Foundation. Well-designed mixed use infill projects near central business districts are attracting companies and young educated workers. Bakery Square near downtown Pittsburgh is an example of a successful mixed use redevelopment on six acres of a former Nabisco factory. Tenants of Bakery Square include Google, university medical staff, upscale retailers, and a hotel with a…
Designing an office floor plan involves more than simply arrange a few cubicles; it requires careful thought and consideration to create a space that is productive, visually appealing – and less expensive to create and maintain. That’s why we at Carolina Services Inchave created this brief guide, offering a few pointers on how to design office floor plans. Focus on Efficiency Well designed office floor plans should increase the productivity of an office by ensuring ease of organization and communication…
If you’re in business, you understand the importance of efficiency. As the old adage goes, “Time is Money”. You need your business to function in an effective manner. Perhaps you go to great lengths to make sure employees are working efficiently and not wasting time. Customer service is always a priority, so you concentrate on serving customers in a timely and friendly way. What you may or may not realize is that the layout and design of your business or…
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