Stephen Rothrock is a broker with Colliers International's Corporate Services Group in Seattle. He tells GlobeSt.com that from standing in the perspective of the commercial office market, he is seeing a great deal of concern by corporate tenants about the feasibility of continuing business under the threat of calamity -- natural or man made.
"It's a very big concern," says Rothrock, noting that many companies are chucking what they now believe are faulty continuity plans. In exchanges with CPARM (Contingency Planners and Resource Managers), Rothrock says he has been told more and more companies are revising their contingency plans -- especially with regard to how to preserve resources and critical operations.
Rothrock says his group at Colliers is currently conducting a study for a significant client who deemed "defunct" their continuity plan that called for relocating operations to another city in the event of disaster. Reliance on airlines went out the window when national airspace was shut down for several days following last year's terrorist attacks.
Of its 390 flexible office centers in 50 countries, three are in Seattle. And it was here that Regus and Colliers spawned their marketing partnership. Rothrock says altogether Regus has 250,000 sf of space in Puget Sound. It has centers in the Bank of America Tower and the Lake Union Center at 1100 Dexter Ave. Its Eastside site is in the Key Center at 6th St. and 108th Ave. in Bellevue.
Rothrock says Colliers marketing of those properties in Seattle will include positioning the centers as back-up office space and professional resources that companies, impacted by disaster can access immediately in the event their space is rendered unusable. And, he says, a similar marketing partnership is also in place in Boston, Atlanta and Charlotte, N. Carolina.
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