ATLANTA—NorthPoint Executive Suites is demonstrating the strength of the alternative workspace office market in Midtown. The company just inked a 23,222-square-foot lease to occupy a full floor at One Atlantic Center located in the heart of Atlanta's Midtown submarket.
Cushman & Wakefield's Boris Garbuz represented NorthPoint in the office lease. The alternative workspace provider will offer upscale executive office suites and conference rooms, targeting attorneys and other professional services.
“Our location in the iconic, amenity-rich One Atlantic Center building will provide a professional environment with an elegant build-out not typically seen in office suites,” says Alex Gallo, Partner at NorthPoint. “With beautiful views in all directions, our customers will be surrounded by the inspiration and energy only Midtown delivers.”
Flexible workspaces—from executive office suites to hot desks to coworking office space and beyond—started gaining momentum during the Great Recession. Although some office industry watchers say the demand is waning, most agree the concept is here to say and statistics demonstrate room for growth. In fact, some say the office isn't necessary anymore.
According to globalworkplaceanalytics.com, 3.7 million employees—just under 3% of the workforce—now work from home at least half the time. The employee population as a whole grew by 1.9% from 2013 to 2014, while the telecommuter population grew 5.6%.
“Not surprisingly, the average in-office workspace has declined in recent years,” Robert Gibbs, president and CEO of Gibbs Planning Group, tells GlobeSt.com. “Today, the average space per worker is between 130 and 150 square feet, down from 200 square feet. Employers are moving more workers into smaller spaces.”
Designed by Philip Johnson and John Burgee, One Atlantic Center is located at the corner of 14th and West Peachtree Streets. A fitness center, conference facilities, concierge, 24-hour security, dry cleaning, a car wash, covered parking and a convenience shop are among the amenities. The class A office building is located within walking distance of the Woodruff Arts Center, which includes the High Museum, the Alliance Theatre and the Atlanta Symphony Orchestra, and is easily accessible from the Interstate 75/85 connector.
Just like in the residential sector, Gibbs says, the move back to cities and suburbs close to city centers, transit lines, shops, restaurants, and apartments are factors in the workspace trend. Space in developed areas is more expensive and harder to find, he says, but his firm is finding that's where younger workers want to be.
“By being located near urban services, companies are saving space,” Gibbs says. “That means fewer workers drive, so less parking spaces are needed. Restaurants and gyms are nearby, so there's no need for a company cafeteria or health club.”
ATLANTA—NorthPoint Executive Suites is demonstrating the strength of the alternative workspace office market in Midtown. The company just inked a 23,222-square-foot lease to occupy a full floor at One Atlantic Center located in the heart of Atlanta's Midtown submarket.
Cushman & Wakefield's Boris Garbuz represented NorthPoint in the office lease. The alternative workspace provider will offer upscale executive office suites and conference rooms, targeting attorneys and other professional services.
“Our location in the iconic, amenity-rich One Atlantic Center building will provide a professional environment with an elegant build-out not typically seen in office suites,” says Alex Gallo, Partner at NorthPoint. “With beautiful views in all directions, our customers will be surrounded by the inspiration and energy only Midtown delivers.”
Flexible workspaces—from executive office suites to hot desks to coworking office space and beyond—started gaining momentum during the Great Recession. Although some office industry watchers say the demand is waning, most agree the concept is here to say and statistics demonstrate room for growth. In fact, some say the office isn't necessary anymore.
According to globalworkplaceanalytics.com, 3.7 million employees—just under 3% of the workforce—now work from home at least half the time. The employee population as a whole grew by 1.9% from 2013 to 2014, while the telecommuter population grew 5.6%.
“Not surprisingly, the average in-office workspace has declined in recent years,” Robert Gibbs, president and CEO of Gibbs Planning Group, tells GlobeSt.com. “Today, the average space per worker is between 130 and 150 square feet, down from 200 square feet. Employers are moving more workers into smaller spaces.”
Designed by Philip Johnson and John Burgee, One Atlantic Center is located at the corner of 14th and West Peachtree Streets. A fitness center, conference facilities, concierge, 24-hour security, dry cleaning, a car wash, covered parking and a convenience shop are among the amenities. The class A office building is located within walking distance of the Woodruff Arts Center, which includes the High Museum, the Alliance Theatre and the Atlanta Symphony Orchestra, and is easily accessible from the Interstate 75/85 connector.
Just like in the residential sector, Gibbs says, the move back to cities and suburbs close to city centers, transit lines, shops, restaurants, and apartments are factors in the workspace trend. Space in developed areas is more expensive and harder to find, he says, but his firm is finding that's where younger workers want to be.
“By being located near urban services, companies are saving space,” Gibbs says. “That means fewer workers drive, so less parking spaces are needed. Restaurants and gyms are nearby, so there's no need for a company cafeteria or health club.”
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