0 What’s Do Boston Office Tenants Prioritize?

Modern office tower Boston

Credit: Banker and Tradesman

Office tenants are using their space far different than years past. In some, but not all, cases employees no longer have an assigned desk. They simply check in and grab space that is conducive to the task they need to perform that day. This would include a phone room for a call with a client or a table for an internal team meeting.

Speaking to this trend, a recent Banker and Tradesman article aims to identify “what the [Boston office] market wants most”:

Efficiency, convenience, a great neighborhood and something “cool” that goes above and beyond for our tenants…[many contemporary office developments]…have flexible conference and events facilities with outdoor access to accommodate corporate gatherings. This maximizes the amount of productive square feet within a tenant space and minimizes the need for a large conference room, ultimately increasing the number of employees that a space can accommodate.

On-site amenities provide a company’s employees with options for a balanced and productive day within their office building. Gyms, dry cleaning and terraces are now standard in many buildings.

 

0 Competition is Shaping Workspace

Downtown Crossing office space for engineering team

Credit: BBJ

The competition for “Tech Talent” is fierce and companies are pulling out all the stops to reign supreme. Employers are thinking far beyond just compensation to recruit and retain top talent, added to the list are:

  • Location: Employees are demanding easy access via the T, Bus, Bike, Boat or Walk.
  • Amenities: Employees want abundant food, workout and after hours options.
  • Space: The space needs a balance of “Me Space and We Space” to foster collaboration.

Employers are additionally asking their workforce to aid them in finding top talent by offering perks such as worldwide trips.

From the BBJ:

“This is what you need to do to be competitive,” said Cayan CEO Henry Helgeson, adding that the talent battle has forced him to rethink his recruiting strategy.

This spring, workers will put the finishing touches on the Cayan renovation, which has ditched the large conference tables and swivel chairs that typically populate office common areas in favor of barstools and high-set slabs more often associated with a pub. Helgeson says people think he’s crazy for that idea, but he wants employees to be eye-level to presenters in conferences to eliminate unnecessary hierarchies, he said. Innovative spaces like these prove to be a cost-benefit for attracting and retaining top talent in the long run. After all, recruiting firms take a cut of between 20 to 30 percent of each new hire’s salary, and those costs can easily mount into the millions annually for a growing tech firm.

0 Rent Boston Office Space by the Month

LiquidSpace

LiquidSpace

Office space in major markets is now available on an hour, daily or monthly plan.  If you’re a startup, pick your market and pick your plan.

From Globest:

LiquidSpace has launched monthly rentals, enabling those startups and growing teams to rent a primary office space by the month. Monthly space is available in San Francisco, New York, Los Angeles, Orange County and Boston, with plans to roll out monthly office space across the global LiquidSpace network by the end of 2015. LiquidSpace has had its sights on expanding into monthly space for a while, but it considered how to accomplish that in a way that improves on the traditional approach while also extending a new, flexible option for building owners to monetize the excess space.

Mark Gilbreath, founder and CEO of LiquidSpace, tells GlobeSt.com: “We’ve definitely struck a chord with both building owners and occupiers who have vacant space to share. Millions of square feet of small, high quality office spaces sit idle, robbing owners of potential revenue and asset value growth.  Now for the first time, there is a simple and cost-effective way to monetize these 500- to 5000-square- foot spaces, by connecting directly to growing startups and corporate occupiers with satellite teams.”

LiquidSpace allows landlords and tenants to list space online on an hourly, daily or monthly basis, with LiquidSpace taking a 10% cut of monthly rents, providing differing rates for daily and hourly leases. The LiquidSpace network allows space providers to create and manage custom profiles as well as communicate directly with growing companies and manage all aspects of a transaction.

0 Office Space Now Serves as a Recruiting Tool

Trip Advisor office building in Boston

Credit: Contemporist

Office space is no longer just a place to work, but rather a recruiting tool.  Prospective employees not only are evaluating their financial compensation, additionally they investigate the work environment.  The new office model encompasses much smaller footprint per employee while many more collaborative areas.

From Boston.com

The recent TripAdvisor and New Balance office unveilings in the greater Boston area have included variations on the same theme: these buildings are necessary to attract young talent.

With their spiffy, modern, amenity-filled new digs, these companies are competing with the likes of Google, Apple, and Amazon to get the top talent in the country and the world.

0 Architects Look to Use Virtual Reality to Portray Building Designs

VR for office space in Boston

Credit: BetaBoston

What will it look like?  Let’s take a play out of our kids playbook by tapping into the gaming technology and apply it to proposed architecture.  Tsoi/Kobus & Associates in Cambridge is doing just that by using Revizto to create a digital building.  Put on the virtual reality goggles and let’s go for a walk.

From BetaBoston:

To “enter” a building, the client dons a pair of Oculus virtual reality goggles and gets an immersive first-person view. If she turns her head to the right, she sees what’s to the right. If she walks down stairs, using a joystick or keyboard commands to move, she feels a slight bounce on each step. She can walk through doors or go up on the roof to get a sense of how it will feel to be inside the space.

Another magical part? All of this can be done before a contract for a building is even awarded and could eliminate the need for creating life-size physical mock-ups out of plywood — making the whole process much more efficient.

0 Cloud Computing’s Impact on Today’s Office Space

Office space is used far differently today than 25 years ago. Production is no longer measured by how much time you log in a seat at your desk, but rather what is accomplished by the day’s end. Some jobs still require sitting in a specific seat — lab technicians and receptionists are the two that come to mind — but those restrictions are becoming less and less applicable to the majority of professions.  At our company we offer a wide variety of options for our team members, much of which is a direct result enhanced virtual desktops. Only a few years ago, you had to sit at your desk in order to access your computer and critical electronic files; now your electronic desktop can follow you.

co-working and shared office space infographic

Credit: MBACentral

An article from MBAcentral on coworking spaces observes “the changing nature of business and the workforce [noting] 4 in 10 U.S. workers…will be temps, freelancers or contractors, 8 in 10 Large corporations [are] planning to increase use of flexible workforce, Nearly 90% of businesses have already adopted some cloud computing. [and] 80% of companies offer flexible working arrangements, including telework.”

You can read the full article, here.

0 Big Data Analytics Start-up Moves HQ from SF to Boston

San Francisco vs. Boston.  Not on the playing field, rather at the recruiting table.

Big Data startup Rocana provides ops solutions for IT

Credit: Rocana

The Boston Business Journal recently wrote an editorial on a SF tech start-up that decided to situate its HQ in Boston. In the BBJ article, the CEO, “Trajman, who founded venture-backed Rocana about a year and a half ago, said that while San Francisco innovators are future-thinkers focused on the next big thing, Boston innovators are more focused on solving current issues with high-tech solutions…He said he hopes his company can serve as a role model for future entrepreneurial endeavors considering a Boston headquarters. Trajman joins several other startup founders who have said they’re committed to growing their businesses in Boston instead of in the West Coast.”

You can read the full article on the BBJ, here.

0 Copley Place Upgrades Planned

Copley Square updates

Credit: Bisnow

Copley Square is going to see some major upgrade to Copley Place.  Simon Properties in planning major interior and exterior upgrades with completion in the Summer of ’16.

Bisnow is reporting that, “come September, Copley Place begins both interior and exterior upgrades. Simon Malls president David Contis says the high-end shopping destination will have a more modern and cohesive look. Simon expects to add a number of luxury retailers. Copley Place will remain open during renovations, with the majority of the project expected to be completed by summer 2016.”

You can read the original post, here.

 

0 Boston Office Designers Discuss their Craft

Boston office design

Credit: BostInno

How does a designer think about crafting that cool, creative new office space that will foster innovative ideas?  Well, have a look into the thought process of three of Boston’s best at Bostinno:

• Nina Chase is a landscape architect at Sasaki Associates.

• Haril Pandya is a principal at CBT Architects.

• Michael LeBlanc is a principal at Utile Inc.