Open offices are not the solution to all our problems.The greater population needs some level of quiet workspace to perform their tasks and not face the endless interruption.
A study from Ethan Bernstein and Stephen Turban of Harvard Business School and Harvard University notes the following:
[in open office spaces] “you are constantly on view and worried about being seen talking, or having your conversations overheard, people chose to email or use a messaging system instead…And because people were emailing and messaging more rather than speaking face to face, the quality of interactions declined and productivity suffered.”
Additional information on the study is available at Bisnow, here.
How does the start up sector communicate with the real estate word?
According to a RE:Tech Snap Shot study of fifty New York tech startups, “Brokers who forge an early connection with these startups stand to profit handsomely if the firms take off. Several real estate firms are among the fastest-growing tech startups in New York, attracting millions in venture funding…The research survey also found that the vast majority of tech startups favor flexible, short-term leases. Nearly 80 percent of respondents said they favor a sublease over a lease. About 60 percent said their ideal lease term is between three and five years, while the remaining 40 percent preferred a lease term of between one and two years. None of the respondents were keen on five-year-plus lease.”
You can read the full results on RE:Tech.
Are you tired of seeing full busses drive past you every morning? Well, Bridj is looking to solve that for you and they just landed an addition $4m along with the former commissioner of Chicago Transportation Department.
Bridj launched beta service this past June in the Boston area and its CEO has previously said that it would add more cities in the future…The startup said the new funding and the addition of Klein will allow Bridj to expand nationally and beyond. Other investors in the latest round include Andy Ross andPeter Aldrich, early Zipcar investors.
Alternatively, follow the link to view Bridj’s Boston schedule.
What does the Red, Green and Orange Line have in common? The benefit of transporting the influx of employees to the newly leased up space in Downtown crossing to all the startups priced out of the Seaport and Cambridge.
W. Marc Bernsau of the Boston Business Journal reports, “the available office space in Downtown Crossing plunged by nearly 40 percent in two years as a wave of startups priced out of Kendall Square and the Seaport arrived in search of real estate bargains.”
Additional details on the startups moving into downtown crossing and its associated office space are available on the Boston Business Journal’s website.
Available Office Space in Downtown Crossing