What we are seeing in many industries is the downsizing of many offices. One of our Irvine client’s office lease was up March 1, 2023 and they decided that since 99% of their staff was working from home 95% of the time, it was time to try something new and save some money in office rent. As the lease was coming up, we assisted them in securing a Regus Executive Suite in Irvine. Our project became more of a decommission (getting rid of like new furniture, removing cabling from ceiling, etc.). We were able to find homes for some of the furniture and encouraged the employees to take home their ergonomic chairs among other items. Kane was invited to take some much needed office supplies and equipment as well. We tried to recycle most items. The executive suite lease is 1 year long – so we’ll check back with them to see if that is fitting the bill in a year or whether employees want to come back into the office more. The nice thing about Executive Suites is they can be month-to-month or year-to-year…giving lots of flexibility for uncertain clients during uncertain changing times.
One of Kane’s long time national clients relocated approximately 5,000/sq.ft. to a Regus Executive Suite center. A huge downsize for this engineering company! Staff is working mostly remotely now and will continue to do so with only occasional visits to the office. We leased two executive suites for their use which will house 5-6 people part time. We also found them an off-site storage unit to store all of their engineering testing equipment. Despite the downsize, the staff was very positive and enjoying their new offices.