Tag Archives: Shared Office Space

0 Looking for Coworking Office Space in Back Bay?

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shared office space in Boston's back bay

Credit: The Metro

Not ready for prime time space, but ready to get out of the garage?  The Back Bay submarket appeals to a wide variety of firms for a number of reasons. Access to transportation, an educated vast work force, and a large concentration of employers in a small area all contribute to this submarket’s popularity among Boston office space users.

In an interview with the Metro, Oficio co-founder and managing partner Nima Yadollahpour notes, “because an entrepreneur needs less to run a business (a laptop and cell phone), it only makes sense to keep their overhead low, and using a shared co-working or office space is the perfect answer to that…It’s economical, efficient and communal.”

Prominent Coworking Office Space in Back Bay Boston:

Oficio
30 Newbury St. 3rd Floor
or
129 Newbury St. 4th Floor

Idea Space
867 Boylston St., 5th Floor

LearnLaunch
31 St James Ave. #920

Unfamiliar with the area? Read our submarket page to learn more about Back Bay Office Space.

0 Shared Office Space is Here to Stay

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shared office space kitchen

Credit: The Boston Globe

Shared office space is here to stay.  Think about it like “Just in Time Inventory,” allowing now companies to focus on the company while having all the amenities of much larger corporations.  In short, you pay for flexibility, but that combined with some great peer networking is exactly what clients are looking for.

The Boston Globe defined the shared office space ‘trend’ in a recent article:

“a new kind of office is popping up in neighborhoods from Newton to Chelsea to Boston’s Leather District: communal spaces where you can rent a desk or three on a month-to-month basis, and mingle with other businesspeople around the kitchen’s beer tap at the end of the day. (Unlimited brewskis — or cups of coffee — are included in the rent.)”

0 Sublease-market Risks Brought to Light with First Marblehead Corp’s IRS Problems

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First Marblehead Corp logoShould I sublease space or go direct to the landlord? That is a common question in the industry and the answer truly depends. If you are considering a sublease you need to consider the financial capacity of the sub lessor. After all, you could be paying your obligation, but if they aren’t covering the shortfall then you could find yourself looking for new space.

The Boston Business Journal wryly reports, “First Marblehead Corp.’s blasé mention this week that it might, possibly, probably owe the IRS some $300 million would be bad enough if the potential fallout was confined to its own operations. So listen up, all of you subtenants over at 31 St. James Avenue and 800 Boylston St.”

The BBJ’s extensive look at First Marblehead Corp’s IRS issues is available on its website: First Marblehead’s IRS headache

0 New Shared Workspaces Opening in Kendall Square

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210 Broadway Street in Kendall Sq. in Cambridge

210 Broadway St. in Cambridge, MA

In light of the fierce competition of office space in Kendall Square, another shared-space option has put its stake in the ground, catering to the small user. For $400 per. month, you too can have a place to call “The Office” at 210 Broadway.

According to the BBJ, “NGIN, whose name was chosen because it sounds like engine, will open a 15,000-square-foot center 210 Broadway in Cambridge’s Kendall Square to serve as a “living lab that deploys advanced technology to explore the future of worklife,” according to the company’s marketing materials. The company is competing against Cambridge Innovation Center, Workbar, Dogpatch Labs and Geek Offices for a growing niche market.”

For more info, you can read the full BBJ article, here.

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Office Space in Kendall Square