Business Centers
Worldwide Access; Local Experience
About Locartis Business Centers
Locartis Worldwide
Center Categories
Frequently Asked Questions
Overview: Office business centers in various forms have existed for over 50 years. In the past, they typically occupied a small space in a larger building and appealed primarily to small businesses and temporary office users. This business concept has also been identified in the past as executive suites; serviced offices; and other variations. In the past decade, office business centers occupied an estimated at 2% - 3% of the total office market. The last few years have brought dramatic changes to the uses and profile of business center clients and forecasts indicate that demand for flexible office space will increase to perhaps 25% of the total office market.
Business centers are differentiated from traditional office leases by offering tenants a much higher level of service. The nature of the relationship between the business center and the client (no longer just a "tenant") is very different to that of the traditional landlord - tenant relationship. For one, landlords typically treat occupiers as tenants with rent obligations, whereas the business center treats occupiers as clients with service requirements. For this reason, revenues per square foot from a business center are much higher than a direct lease. Locartis office business centers are found worldwide branded in three different center classifications. Some centers are in excess of 50,000 sq ft with many occupying some of the world's most prestigious buildings. The majority of Locartis customers are major international companies occupying units of up to 2000 sq ft for terms that run from a few months to several years. And the market is growing rapidly, drawn from the ranks of traditional long term tenants burned by the glut of excess space they could not sublet. In the rapidly approaching future, expect nearly all major corporate and professional locations under 2000 sq ft to be located in business centers wherever they are available. The typical Locartis center offers a full range of office suite configurations and serviced amenities: |
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Pre-built Layouts: A variety of pre-built offices layouts and workstations, either open plan or individual office
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Office Support Services: Full office and business management staffing
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Turn-key Furnished Offices: Immediate occupancy-fully equipped
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Extensive Meeting Facilities: Meeting, conference, and training facilities for both clients and other tenants of the building
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Virtual Office Services:
Extends the services to off-site businesses
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