On 3/2/07, Tara Hunt <[EMAIL PROTECTED]> wrote: > We got our space for 1.10psf, but most places in SF are going for 2-3.00psf. > I think ours is pretty class a. ;)
Actually, Class A and Class B have definitions: http://en.wikipedia.org/wiki/Class_A_office_space This isn't meant to be a judgment call about how nice your space is (you guys have fixed up that space a lot, and it looks good); it's a designation mainly used to figure out rent prices. Class C is what you are in and what Simpli was in previously. You're paying $1.10 triple net, right? Class C is almost always rented out triple net. The space Simpli was in until last week was very similar to Citizen Space -- one big long room with a wooden walled-off office at the end. We rented for $1.26 NNN and I know the landlord was considering renting it out for as low as $1 NNN after we left. For those of you who aren't familiar with office real estate terminology, the designation "NNN" or "triple net" (usually spelled NNN and verbally pronounced "triple net") means you are responsible for all charges. If the toilet or air conditioner breaks (both examples that actually happened to us when we were in the old space at 52 S. 1st St.), you as the tenant are responsible for fixing them. NNN is usually used for small office spaces that are class C buildings without an onsite property manager. The office spaces can look pretty nice if you take the time to fix them up, but there also isn't anything except a door (badge entry and doorbell in our case) guarding you from the street. Class C spaces also typically are big open floor plans that don't have offices, and the rent price doesn't include electricity. We moved to 95 S. Market St., which is a Class B office space. We are now paying $1.55sq.ft. full-service. The difference: 6 parking spaces are included. Electricity, heat, and A/C are included in the price. New carpet, paint and baseboard were included. The bathrooms come fully stocked and are re-stocked every day. The price includes janitorial service 5 days a week. If anything breaks, we call the property manager and they fix it (even light bulbs.) The building has 24x7 physical security and its own parking garage where our guests can park. Our office space includes 8 distinct office spaces (it's in the corner of the building), each with windows both to the outside and inside. Class A office space, which we actually looked at, was running 1.75x what we were paying per square foot. The buildings as a whole were a lot nicer -- and looked classier -- but we couldn't justify the price increase. We will be offering a coworking space as soon as we get high-speed Internet access in our new office (we're arranging for Internet access that's a lot faster than DSL) -- there's actually a 2-workstation office we can set up for it. > We probably spent about $5000 all in all > on office furniture/supplies in the end (including a leather sofa, 10 desks, > 50+ chairs, several bookcases, etc) and had a few things donated. IKEA is fine for most normal office use (and believe me, I have nothing against IKEA if you're on a budget...our whole office is full of it, and we got most of it for pennies on the dollar since we actually picked an entire office full of furniture up in a bankruptcy auction for $1500). However, for a true "rentable" space, I'd want something more durable. > We are able to offer all of the fax, printer, janitor (no security guard, > but a secure door), internet access and a really cool space for $350/month > and that is considered high in SF. I don't consider that high, actually. I think it's a good deal for the space you are in. But if you were actually doing this as a business, you'd want to charge more. Since you only need to fill a few spaces, and you already have the furniture, and you make enough money from your business to cover the rent, that's profitable for you...but there are rentable office concepts that charge twice what you guys do in SF and are making plenty of profit. There is room for options across the board. -Erica --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~----------~----~----~----~------~----~------~--~---
