2013 Startup Class Presentation
Transcript of 2013 Startup Class Presentation
Office Space - Cost, Culture and Collaboration:
TechSpace is the nation’s premier full-service facilities and infrastructure provider to startups and established
companies across the U.S.
Orange County, CA
2
Los Angeles, CA Costa Mesa, CA Chelsea, NYC Union Square, NYC West Village, NYC
San Fran – Feb. 2014
Flatiron NYC– June 2014
San Francisco, CA
Flatiron, NYC
OFFICE SPACE CHALLENGE FOR STARTUPS
**COST**
OPPOSITE OBJECTIVES
• Landlords – “Institutional” mind-set
– Long-term leases
– Credit-worthy tenants
– No muss; no fuss
• Tenants / Start-Ups – Flexibility
– Customized space
– Support Services
3
OFFICE MARKETS AND MIDTOWN SOUTH
• Tech submarkets across the country have posted double-digit
growth in rents over the past two years
• Midtown South, New York’s Silicon Alley, has seen rents jump
44%
• Vacancy Rate is 7.6%
• Rents
– Class A - $74.55 SF (highest in NYC)
– Class B - $59.65 SF
– Class C - $46.29 SF
5
OFFICE SPACE OPTIONS
• Home office / Starbucks
• Co-Working Space
• TechSpace
• Sub-lease
• Traditional leases
7
CULTURE How your office space can affect & influence your employee culture
8
CULTURE
• Your environment should support and reinforce the culture that you want to
embed in your business
• Culture is contagious, and it starts at the front door.
• Ten Second Rule
• Three Key Themes for Start-Ups:
– Functionality: transformation and change
– Authenticity: all about work and accountability
– Aspiration: creative expression, execution and craft
9
COLLABORATION
10
Business or Altruistic Goal:
“Separating employees into groups, each with its own
culture and approach to problem-solving, discourages
them from sharing ideas and solutions.”
COLLABORATION
11
Reality?
COST!
It is cheaper to sit in benches & tables rather than cubicles &
private offices – 250 SF per employee vs. 75 SF per employee
COLLABORATION
• Co-Working Spaces
– No privacy
– Different companies, employees not employed by the same organization
– Good for collaboration and escape from isolation
• Traditional Office Space
– Expensive to start and maintain
– Use a lot of precious capital
• Business Centers
– “Traditional” environment
– Secluded, private offices
• TechSpace
12
Collaboration & Technology – The roll it plays in
facilitating collaboration
• Bandwith and Wifi Infrastructure
• The synergies and value of working in a collaborative space.
• How to promote and preserve your office culture in collaborative spaces.
www.techspace.com
13