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Executive Suites / Business Center / Serviced Office

- From  Wikipedia, the free encyclopedia

 

An executive suite is a set of individual offices sublet from a larger suite of offices. The executive suite proprietor rents entire floors (or buildings) and leases the smaller office spaces or workstations to businesses that don't need, or can't afford, large space. Some executive suite landlords offer additional services. This variation on the traditional office idea has become an industry with roots in the early ‘90s (see History). There is no universal agreement on terminology as executive suites go by many different names, such as: open plan office, serviced office, office business center, office suite, business center, executive office, furnished office, flexible office, managed office, shared-office space and office hoteling. Office suite, as software, stands as testament to the confusion in the terminology. It is not uncommon for a traditional tenant to sublet unutilized space and to characterize it as an “executive suite.

A flexsuite is a multi-office suite with many of the same amenities included in an executive suite. In the event of company growth, a business may choose to upgrade from executive space to a flexsuite.

Executive Suite Terms
Many business' considering executive suites are small entrepreneur start-up companies that could experience growth before a term's end-date. Considering this, flexible terms may be useful to accommodate unforeseen growth.

Amenities
A major advantage executive space has over typical commercial space are additional services that may be offered. Examples of offered amenities may include the following:

 

  • Breakroom
  • Highspeed Internet
  • VoIP Phone Services
  • Fax Services
  • Conference room access
  • Video conference room equipment
  • Training rooms
  • Fax/Copies/Scan to email access
  • Stocked Kitchen
  • Cyber cafe
  • Lounge area
  • Covered parking
  • Cleaning/Maintenance
  • Daily parcel pick-up services
  • In-house postage meter services
  • Daily postal drop-off
  • Day offices (temporary work-space for short term use)
  • The opportunity for tenants to temporarily "hire" executive office staff to assist with projects/assignments
  • On-site fitness center
  • On-site spa facility
  • Landscaping
  • Custom company signage
  • Notary services

 

More about Executive Suites on Wikipedia

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