 Step One - Select your desired location....... |
Step Two - Select your preferred Short Term Office Space..... |
STEP THREE - Submit selections and we will contact you |
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One of the
more important things you should realize when comparing these two choices is
the concept of what is called a "Loss Factor". Simply
put the "Loss Factor" is the amount of Suites in a Executive
used by such things as the hallways, closets, columns, storage area, bathrooms,
reception area, to an extent conference rooms* etc.. This Suites is included
in the total amount of square footage but in most cases is not considered "useable."
The loss factor in the Manhattan Area is 20%*.
A Example would be if a company rents a 500 square foot traditional Short Term Office Space.
There loss factor is 100 square feet (500 x .20 = 100)
This means that the total usable square footage is 400 square feet.
In an Short Term Office Space environment there is NO Loss Factor and no need
to maintain or furnish that Suites. This is one of the many reasons why when
comparing the two choices one must not simply compare on a PRICE PER SQUARE
FOOT basis. Manhattan
Short Term Office Space currently
has detailed information on: + different
Executive Centers throughout Manhattan.
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These are offered
by some of our most trusted providers Provided By The Executives
Organization General Comparison - Actual Costs Vary
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| Conventional Executive | Short Term Office Space Executive | |
| Short Term Office Space Rental | Reception Area, Conference
Room, Kitchen, Equipment Work Suites (750 sq. ft) $ 950.00 |
Private Short Term Office Space Executive
/ aka Business Center Executive (180 sq. ft.) $ 850.00 |
| Staffing Requirements | Administrative
Assistant to act as Executive Manager, Operator, Receptionist $ 1,800.00 |
Short Term Office Space Staff $ 00.00 |
| Employee Benefits | Vacation, Sick Leave, Disability,
Health Insurance, Training $ 400.00 |
Short Term Office Space Staff $ 00.00 |
| Secretarial / Word Processing | Administrative Assistant $ 00.00 |
Use of Short Term Office Space Staff
for 10 Hours Per Week at $22.00 Per Hour $ 880.00 |
| Equipment Leases | Complex Photocopier, Computer/Printer
for Staff, Fax Machine, Postal Scale and Meter $ 250.00 |
Use of Short Term Office Space Equipment $ 00.00 |
| Telephone Equipment | Lease Complex Equipment $ 100.00 |
Use of Short Term Office Space Telephone
Equipment $ 75.00 |
| Executive Supplies | Paper for Fax and Copier,
Developer, Toner, Ribbons, Coffee/Snack Services, etc. $ 150.00 |
Use of Short Term Office Space Equipment $ 00.00 |
| Photocopies | Use Own Copier (Supplies Included
Above) $ 00.00 |
Assuming 500 copies per month
at $.10 each $ 50.00 |
| General Furniture | Lease: Conference Room Table
and Chairs, Reception Area Furniture, Desk & Chair for Assistant,
Microwave, Refrigerator, Coffeemaker Etc. $ 250.00 |
Included with Short Term Office Space $ 00.00 |
| Executive Maintenance | Security Service, Utilities,
Repairs, Janitorial $ 75.00 |
Included With Short Term Office Space $ 00.00 |
ANNUAL COSTS: |
$ 3,975.00 x 12 Months = $ 47,700 Per Year TOTAL SAVINGS ! |
$ 1,855.00 x 12 Months = $ 22,260 Per Year $ 25,440.00 !! |
• Upfront Capital
Savings: $88,534
• Annual Recurring Savings: $52,295
• Annual Savings: Over 50%
|
Upfront
Costs |
Traditional |
ABBY |
|
Suites Build-out in Excess of Landlord Allowance |
$28,500 |
$0 |
|
Furniture |
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Reception Station |
3,800 |
0 |
|
Conference Room Setup |
11,400 |
0 |
|
Individual Executive Furnishing (4 Workstations Optional) |
11,400 |
800 |
|
Security Requirements (Refundable) |
28,500 |
2,816 |
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Staff Recruiting Costs |
4,275 |
0 |
|
Executive Equipment |
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Phones |
2,850 |
0 |
|
Fax Machine |
950 |
0 |
|
Other Executive Equipment |
950 |
0 |
|
Setup Fees (Telephone, etc.) |
180 |
665 |
|
Total Upfront Capital Required |
$92,815 |
$4,281.00 |
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Ongoing
Annual Expenses |
Traditional |
ABBY |
|
Rent Expenses (Short Term Office Space Executive without furniture) |
$34,912 |
$33,792 |
|
Telephone Lines |
2,736 |
2,736 |
|
Telephone Usage |
2,850 |
2,400 |
|
IT1 Internet Access with router |
18,240 |
5,520 |
|
Executive Staff, Including Benefits |
32,110 |
3,192 |
|
Temp Agency Expense (Vacation/Sick Days) |
2,394 |
0 |
|
Other Services (Delivery, Executive Supplies, Catering, etc.) |
2,280 |
2,280 |
|
Repairs & Maintenance |
1,995 |
0 |
|
Coffee & Beverage Service |
1,140 |
0 |
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Additional Equipment Rental |
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Postage Machine & Meter Rental |
798 |
0 |
|
Copier (Based on 1,000 Copies per Month) |
4,560 |
1,800 |
|
Total Ongoing Expenses |
$104,015 |
$51,720 |
reveiw the information
below
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