Tuesday, January 19, 2010

As companies tighen their belts.....

Posted by: Dominic Brunetti, CCIM
Office Properties Specialist
775 336 4674

During his career, Dominic has worked with clients such as: Centex Homes, CTX Mortgage, Landmark Homes, 1st Premiere Mortgage, AG Edwards, Alere Medical, CHSI Nevada, The CFO Group, Ameriwest Financial, North American Title, Andregg Geomatics, Manhard Consulting, HDR Engineering, State Farm, Gizmo Wireless, The Corner Doc, First American Title Company, Stewart Title Company, GI Consultants, The Hilton Foundation, Hartford, PC Doctor and more.

As companies tighten their budget belts, efficient office space becomes more important. In the evident trend of Nevada office users, companies are realizing two things:

  1. Bullpens are back. Bullpens allow office tenants to maximize employee occupancy and the availability of 2nd hand and refurbished office furniture may beat tenant improvement costs. Also, for the right type of office user, bullpens breed creativity, energy and production.

  2. It is a great time to upgrade office image. Depressed market lease rates have allowed typical Class C office users to upgrade to Class B office properties, Class B office users to Class A office properties.

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