Office News

Centered on the north-central region of the country, the Midwest United States includes 12 states including Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin. Although major urban centers such as Chicago are known around the world as key economic drivers, the Midwest is also home to several smaller cities that provide promising conditions for new businesses. WalletHub’s 2015 ranking of the best cities to start of a business in the United States included six Midwestern cities in the top 20. The ranking used a number of metrics, from the five-year survival rate of businesses to the affordability of office space.

Springfield, Missouri
Springfield, Missouri ranked as the best Midwestern city to start of business in the United States, according to the 2015 study. The city also placed first nationally in terms of access to resources, including financing and affordable office space. Known as the Queen City of the Ozarks and the Birthplace of Route 66, Springfield is home to the Missouri State University and Drury University. The third largest city in Missouri is the economic hub of an area that spans 27 counties in Missouri and neighboring Arkansas and is home to some 1 million people. The economy is based on health care, manufacturing, retail, education and tourism. The city has also been recognized for its high quality of life, and in 2008 it was among the best communities for young people by the America’s Promise Alliance and relocating families by Worldwide ERC.

Sioux Falls, South Dakota
The same ranking found that Sioux Falls was the sixth best city to start a business in the US. With a growing population, the city also ranked second in terms of the best business environment in the United States. It was also named as the next big boom town by The Atlantic in 2013. The largest city in South Dakota, Sioux Falls is a diverse economic center focused on financial services, health care and retail. Sitting on the crossroads of interstates 90 and 29, the city is within a day’s drive from many major cities in the Midwest. The lack of a state corporate tax has helped attract a number of financial companies to Sioux Falls, including Wells Fargo and Citigroup. Read More »

When a large corporation relocates to a new city or state due to needing larger business premises, a change in ownership or acquisition by another company, one of the most important aspects of the move will be planning the relocation of people and employees.

For the sake of fluidity and flexibility, relocation of employees should be planned well in advance of the actual relocation date. This is particularly important if the type of business is one that has an ongoing hourly process or production schedule.

As an example, an accounting business that processes client data on an hourly basis would need a relocation plan of action that insures the fastest move to the new location. In this type of production, a computer network expert should be a member of the relocation team to insure no serious disruption or breaches of data processing occurs. There is also a measure of expedient security of data to protect that should also be considered.

When moving to a new office or site, the move needs to be expedient, efficient and without data processing disruption. Relocation will need to be accomplished on a department by department basis, with planning down to the smallest detail of floor plans for computer networked equipment, as well as systems experts to disable and restart the systems. Computers were removed and reinstalled in a finely designed, almost military, regimental style.

Legalities and Best Practices for Relocating People and Employees

For large office relocation, there may be certain legalities with regard to relocating employees. These may be related to providing adequate information for housing and educational facilities for employees with spouses and children.

It’s up to the business owners to follow state guidelines on responsibility to employees regarding notification of relocation and advice on changes to employee tax status for out of state relocation.

Best practices for relocating people and employees is to consider engaging a professional relocation specialist with experience in business relocation. This may include a general personnel or high level management recruiter to assist employees who will not be relocating to the new site to find employment. Read More »

Overview of Business in Denver

Over the past few years, Colorado’s capital city has been making great progress in diversifying its economic base, attracting an increasing number of new businesses in a variety of industries. As a result, Denver is currently considered one of the key commercial real estate markets to watch. A survey published by the Denver Business Journal in 2014 revealed that more than half of the interviewees gave a good rating to the city’s office and retail property market, classifying them as definite ‘buys’. The same report cites industrial diversity as one of the most attractive features of the local economy and as the principal driver of business in the city. These factors have positioned Denver as one of the best US cities for small-sized businesses, as the city ranks as high as New York and Miami in terms of business per capita, industry variety, and net growth.

Major Industries and Key Economic Drivers in Denver

Since the 1990s, new technologies have been driving growth in the local economy. High-tech companies are mainly clustered around the business parks located to the northwest of the city centre, such as the Westmoor Technology Park, Centennial Valley, and the Interlocken Advanced Technology Park. According to Forbes, over the past five years industry sectors like renewable energy, telecommunications, and aerospace have grown in importance and now constitute key economic drivers for the local economy. Read More »

Overview of the office market in Texas

According to a recent Cushman and Wakefield report, the office market in the Lone Star state is robust and has been marked by a consistently high demand for Class A space and an expanding occupier base. This is particularly true of the Dallas-Fort Worth area, where a thriving job market has prompted several corporations to relocate to larger premises.

Towards the end of 2014, average vacancy rates in this area had dropped from 17.9 per cent to 16.6 per cent, thus reaching their lowest levels since 2010. By the end of Q4 2014, more than 13.8 million square feet had been leased or sold in the Dallas-Fort Worth area.

Strong demand in this area is also reflected in the speculative development pipeline, where 65 per cent of the more than 6 million square feet of office space under construction has already been pre-leased.

Read More »

When a company decides to relocate to a new location, whether they are an SME or a corporate giant, the relocation project can be complex. Whether a business relocates in-state, across the country or internationally, it requires a team of planners with diverse skills and experience to accomplish a smooth, seamless relocation process.

In addition to the actual relocation planners involved, there are often additional teams of assistants that are required. These include:

• Personnel and human resources experts and recruiters
• Corporate legal advisers
• Real estate managers and supervisors
• Tax and/or CPA specialists
• Environmental consultants

These are a few of the teams needed to accomplish relocation with minimal disruption.

The size of a company will relate to the size of the relocation project and amount of planning. There is much less involved in relocating a law firm comprised of a half dozen employees than a research laboratory with two dozen research personnel and administrative associates.

Small to moderately sized offices are generally easier to relocate than manufacturing and retail facilities with several detached buildings in the facility’s complex. Read More »

Overview of Business in Manhattan

For decades, Manhattan has been a global business hub of undisputed prestige. This New York borough is home to some of the world’s most successful businesses and to the largest stock exchange in the world. Manhattan has repeatedly topped the global lists of most powerful cities, staying ahead of other leading business hubs like London, Dubai, Hong Kong, or Shanghai. Due to its excellent infrastructure, world-class business environment, and valuable human capital, Manhattan is the world’s most desirable business location . The borough’s thriving business scene is a catalyst for economic growth, and this is reflected in the local employment levels. According to the NYCEDC, more than 310,000 jobs are based in this borough, tens of thousands of which have been created in the private sector since 2005.

Major Industries

The banking and financial sector is the key economic driver for the local economy. More than 300,000 people are employed in this industry, which according to the Federal Reserve generates more than 35 per cent of the city’s income. The service sector is another key industry in Manhattan, as it employs over 1 million people in areas like tourism (over 240,000 jobs), professional and business services (287,000 jobs), or healthcare and social assistance (208,000 jobs).

The number of technology, advertising, media, and information companies (TAMIs) has skyrocketed since 2009. Back then, TAMIs barely occupied 100,000 square feet of space in Manhattan, but at the end of 2014 that figure had increased to more than 1.6 million. A report published by the Downtown alliance estimates that this sector is comprised of over 800 firms that generate a combined annual output of $125 billion and that employ nearly 29,000 people. Likewise, Manhattan has recently been attracting a steady number of creative firms. According to an article published at the Wall Street Journal, the number of employees working in creative ventures in this part of Manhattan has increased by 71 per cent over the past five years. Read More »

The city of San Francisco is one of the top business hubs in the Americas. The local business community is among the most vibrant and successful at global level, partly due to the huge pool of talent available in the city and its surrounding areas. A large number of Fortune 500 companies are based in the area, and business opportunities exist for enterprises operating in a wide range of sectors, from aerospace to health care and including electronics, consumer goods, retail, and telecommunications.

The undeniable appeal of San Francisco as a business location has attracted hundreds of prospective entrepreneurs to the area. If you are considering setting up a business in San Francisco, take a look at our detailed guide to commercial property in this thriving Californian city.

Key Trends in the San Francisco CRE Market
For the past two years, the local commercial property market in San Francisco has shown a variety of healthy indicators.
Read More »

Offices.net has been relaunched with an entirely new look and feel.

The newly redesigned site showcases office space available across the United States, enabling businesses of all sizes to find workspace quickly and easily, and to obtain prices and tour available buildings at no cost.

A large part of our focus has been on the site’s new streamlined front-end design, which has:
* simpler navigation,
* clearer mapping systems,
* and upgraded search tools

The changes are much more than skin-deep, with new content and areas all put at the user’s fingertips.

We are proud of the new site and believe it is smarter, easier to use and faster, and will provide a better user experience than ever.

With inventory in 43 states and the District of Columbia, Offices.net fills a vital role in helping people find the right space to establish a new business or grow an existing one. Access to the site is free, and users are not charged for quotes and information. Tens of thousands of companies have used the site to find serviced and conventional office space.

We anticipate that the demand for affordable, flexible office space will continues to increase. While conventional office space with long-term, fixed leases continues to dominate the market, there has been an increase in demand for the turn-key, quickly set-up and flexible approach to office rental that is best provided by serviced offices and executive suites. This is clearly visible in areas like New York, Texas and California, and it is a trend that is increasing in other states in the US.

We hope that you will find the new Offices.net website useful in your search for the ideal work space.

In our interview with Website Planet, we went deeper into the technology used to build our custom website and its key features.

Please let us know what you think, we’d love to get your feedback.

International Women’s Day on March 8 is an opportunity to recognize the achievements of women in the labor force. It is also a time to reflect on challenges women have and continue to face, including celebrating the achievements of women who have played important roles in advancing equality for women at work.

The role of women in the labor force in the United States has evolved greatly since the end of World War II. After the War, less than a third of women were active in the U.S. labor force. While women became an increasingly important participant in the labour force during the war, their role increased significantly in the following decades. The number of women working began to increase rapidly from the 1960s to the 1980s, and reached its peak in 1999 when 60 percent of women were active in the labour force according to statistics from the U.S. Department of Labor. In 2013, the percentage of women in the labour force was 57.2 percent.

At the same time, women traditionally faced challenges in the labour force including wage inequality and low representation in leadership roles when compared to men. The gap is narrowing, although more work is needed to ensure true equity in the workplace. In addition to a general increasing trend in the participation rate of women in the labor force, the wage and education gap of women in the labor force is narrowing when compared to their male colleagues. The proportion of women in the labor force with a college degree more than tripled between 1970 and 2013 according to the U.S. Bureau of Labor Statistics. Earnings of female workers as a proportion of earnings of their male counterparts have also grown. In 1979, women who worked full time earned just 62 percent of what men earned. In 2013, this figure was 82 percent.

Read More »

Overview of Business in Los Angeles

A variety of industries help to make Los Angeles the successful economic center that it is. The city attracts businesses in the tourism, TV/film, hospitality and technology industries. These are not the only industries that thrive in the city, however. Traditional industries like law, finance and medicine also create jobs for residents in the city. Young professionals are attracted to the opportunities presented by the technology, medical and information industries.

International trade is also a major driver of the economy of Los Angeles, with its twin ports handling more than forty percent of both inbound and outbound containers for the whole country. More than one hundred and sixty thousand workers support the international trade sector in L.A. county.

Major Industries & Key Economic Drivers in Los Angeles

Technology continues to be a driving force behind the economy in L.A. and a number of major tech companies have their corporate offices in city and its surrounding areas. The information industry continues to provide numerous job opportunities for young graduates, in particular, the film and video gaming industries. The biotech industry is also combining with the information industry to create new applications that are beneficial for the health of society. Read More »