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Space raceOut of office: Clintonians and other careerists
(CNN) -- In the end and under pressure, former United States President Bill Clinton decided the posh, pricey office in midtown Manhattan wasn't worth the hassle.
Any benefits -- convenience, comfort and perhaps "looking presidential" -- were easily outweighed by the potential expense, both financial and political. We're talking an estimated $500,000 annual saving on rent. So he opted for considerably cheaper digs uptown. Most businesses and careerists don't have to cope with Clinton-style scrutiny -- or the hoopla that surrounded last week's Clinton walkabout on 125th Street in Harlem -- but they do have to factor in a lot more than cost per square foot when deciding on office space. "There are some professions where you're going to go out get more expensive space and furnish it very well," says Gene Fairbrother, lead small business consultant for the National Association for the Self-Employed (NASE) in Dallas, Texas. "You're going to create that successful image that can support your requirement for dollars you're asking your customers. That's a very important part of marketing." Creative space
Luxury still works for certain businesses, some law practices and financial institutions among them. But there's been a big change in the last few years in what many tenants are looking for in a workplace, says Mark Berman, executive vice president with Coldwell Banker Commercial in Los Angeles. He says the stuffy, corporate-style spaces are losing speed. Taking over are what Berman calls "creative spaces" with high ceilings, wood beams, brick walls, skylights, play areas with pool tables. "They like to provide employees with this kind of entertainment so they'll enjoy coming to work and enjoy working long hours," he says. While this is an outgrowth of the dot-com boom, it's not exclusive to newfangled businesses. "I've seen a lot of tenants, even law firms, typically the most conservative, going for these types of buildings," says Berman, who knows of many traditional buildings being refurbished to reflect the new office sensibility. Mark Weiss, executive managing director for Julien J. Studley Inc. in New York, agrees that many corporations are passing on the traditional -- buying instead the idea of an "urban campus." "They clearly perceive there's a benefit to having their people near each other in a little mini-city environment," he says. Leaving homeWhile some businesses decide what office style works best for them, many careerists are trying to determine whether they need an out-of-home office at all.
Fairbrother says there are two reasons to pursue an office away from home -- the need for additional space for a growing business and the psychological need to separate from the home. "Some people are not built to operate out of their home. They can't get away from the kitchen or home or the kids. By going out and renting an office, they may be much more successful than they'd be at home," he says. Author and consultant Lisa Kanarek, who advises businesspeople considering home offices, says some people tend to avoid working out of the home because of an image they want to project. "I meet people who say, 'I could work at home but I have clients visit my office every day,'" she says. 'Bunch of nonsense'Kanarek says home offices and telecommuting remain popular and growing options for some, given the time and money saved by eliminating the commute and car-leasing costs.
Others suggest the telecommuting trend is more hype than reality, and that most businesses still favor the out-of-home office environment for themselves and their employees. "I think corporate America has realized in large part that human beings by their very nature are gregarious and like to work around other human beings," says Mark Weiss, executive managing director for Julien J. Studley Inc. "The whole notion of telecommuting, which we heard a lot about beginning in the '90s, turned out to be a bunch of nonsense. People like to be around other people."
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