Companies that engage in substantial transactions with clients risk making the wrong impression by investing in poor office space. However, obtaining prime real estate in the heart of Washington DC is often very expensive and difficult to come by. Small businesses can thus benefit from utilizing Washington DC meeting space in a virtual office; it is not uncommon to allow employees to work remotely or work semi-remotely.
The right meeting space in Washington DC can make the right impression on prospective clients and partners. Moreover, virtual offices provide an innovative solution for employers who want to cut overhead without cutting quality. Historical data published by Inc.com illustrates how expensive and unpredictable the office real estate market in the United States can be:
"Labor markets remain lackluster, but other leading metrics such as rising corporate profits and temporary service hiring suggest more significant job creation and greater office space demand are in the pipeline," said Cassidy Turley chief economist Kevin Thorpe.
Thorpe added: "Rents always lag the recovery. Even with a pickup in the economy, the office market is facing a severe oversupply problem left over from the recession."
New York City topped the space demand list, with 3 million square feet more space occupied in the third quarter…
Washington, D.C. absorbed 1.4 million square feet – the second-highest quarterly gain for D.C. on record.
This type of arrangement can give SMBs more stability as virtual office space can quickly optimize returns. In addition, employers typically have less risk with a less traditional business model. Contact Metro Offices to learn more about the advantages you can get from a virtual office. We have available units in convenient locations all over the DC area, and we offer them at very flexible rates. You can rent our spaces for as little as an hour or more than 10 years, depending on your specific needs.
(Article Excerpt and Image from Washington, D.C. Office Space Most Expensive in U.S., Inc. October 14, 2010)