Thanks Jerome,
How big are you medium offices s/f?

Chad

On 2011-07-27, at 1:21 PM, Jerome Chang wrote:

> Honestly, the best way is to run a market comp on small and executive-suite 
> type of offices in your area.  There's no multiplier from desks to offices as 
> market value for offices is independent of desks.  For example, our offices 
> in Santa Monica are just 1-2 blocks from the beach (2 very popular malls, the 
> beach, etc...) and they start at $1350/mo for our medium offices; our LA 
> location is 11 miles inland and those offices start at $900/mo for about the 
> same size offices.  Our workstations at both locations start at the same 
> $550/mo.
> 
> I know I know, we're nowhere as cheap as some of you, but the real estate in 
> this part of the city, in addition to this part of the country is way high!
> 
> 
> Jerome
> ______________
> BLANKSPACES
> "work FOR yourself, not BY yourself"
> 
> www.blankspaces.com
> ph: 323.330.9505 | 5405 Wilshire Blvd (2 blocks west of La Brea) Los Angeles, 
> CA 90036 
> ph: 310.526.2255 | 1450 2nd Street (@ Broadway), Santa Monica, CA 90401
> 
> On Jul 27, 2011, at 9:26 AM, Chad Ballantyne wrote:
> 
>> Hi All,
>> 
>> We've been doing open space membership plans for a while and now we're 
>> moving to closed office options.  
>> Right now a full-time member for an open desk is $300/mth  Works out to 
>> $6/sf  But a closed office adds more value and how best to figure that out.  
>> Does anyone have a formula to calculate?  Another factor is multiple staff.  
>> We know what we need to pay for the space, but wondered if there's a formula 
>> out there to add our specific costs (lease, expenses, management, etc) and 
>> therefor communicate cleary to potential members the difference between open 
>> space and closed office.  Thanks!
>> 
>> 
>> 
>> Chad Ballantyne
>> The Creative Space Director
>> 
>> (705) 252-2423
>> www.thecreativespace.ca
>> 
>> 
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>> 
>> 
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> 
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Chad Ballantyne
The Creative Space Director

(705) 252-2423
www.thecreativespace.ca




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