Tenants Seek Flexibility to Weather Uncertainty

ALISO VIEJO, CA-Office space users are looking for shorter-term deals and flexible options for expanding and reducing their square footage in light of the difficulty of forecasting their future space needs in these uncertain economic times. While the uncertainty affects users of all sizes, small and medium-sized business owners are especially focused on shorter terms and flexibility, according to TechSpace, a provider of flexible office space and information technology services.

TechSpace operates facilities here as well as in Boston and New York City where it provides a flexible full-service office environment with technology support through a Tier 1 data center. Flexible lease terms allow room for upsizing or downsizing as necessary, including everything from workstation furniture, advanced voice and data telecommunications, IT infrastructure, reception services and office supplies. The approach is designed to provide tenants with the capability to grow their businesses without making a long-term commitment to occupancy or a capital investment in the space.

CEO Guy Pickrell of TechSpace tenant NationStaff says the long-term commitments of traditional office space are really difficult for start-up companies like his, which has changed its space 10 times with TechSpace. “We would have been in some tough binds if we didn’t have the flexibility to change our size,” says Pickrell, whose company offers executive search and consulting services for the financial industry, with a focus on financial technology.