As a result of the recession, many employers had to lay off workers and the number of empty office spaces also soared. However, a handful of states in the US such as California, Texas and New York still have a strong demand for office spaces. Especially in Northern California, tech startups are the reason for rising office space market. There is also a trend of expansion of the existing businesses in this area. This demand has caused an increase in the rents. For instance, a landlord in Northern California can ask closer to 7% increase for an office space in San Francisco.
There are many low cost options to run a business without spending money on a high rent. The traditional office space which developed after the industrial revolution has evolved and today the virtual offices are the trend. The same features such as, phone services, Internet access, live receptionists, conference rooms, fax machines and photo copiers are available in virtual offices. For instance, if you are a startup which needs an office space in San Francisco, now you can have all the features of a traditional work place for less money. More and more businesses are embracing this option because of its cost effectiveness. Another reason for popularity of these offices among young people is their casual atmosphere.
The office space market is also booming in Los Angeles. The amenities like the improved transportation system, night life and the development of convention center in downtown are appealing to businesses and the office space market is rising. Some predict that an office space in Los Angeles will soon be as expensive as an office space in Northern California. The Premier Business Centers is a leading company which owns many office buildings in Los Angeles area. If a startup or a traditional business is looking for an office space in Los Angeles, the Premier Business Centers offers many cost effective options. Whether it is a virtual or a conventional office, the company has many plans for clients.
In the past, the real estate companies just rented or leased office spaces to clients and the business deal ended there. The modern day realtors have a great deal of involvement in a client’s business because of the various client services that they provide. These services turn an office space into a business center the minute a client signs up a lease. The Premier Business Centers,which owns many office spaces, provides services to its clients, who would like to operate in an environment of a business center.
