Size Does Matter

A new website serving Michigan takes the hassle out of finding and leasing professional office space.


Published:

 A  lawyer or financial adviser retiring from a large firm, yet still wanting to service a handful of clients, can have a tough time finding suitable office space. Ask a broker to locate an executive suite, and they’ll likely hang up the phone.

The reason: The smaller the office space, the lower the real estate commission. As a result, people seeking a modern, modestly sized office space have few options — scan through the thousands of listings on Craigslist.com, tap traditional advertising (not likely to be much help, given low rental rates), or take a drive and look for buildings with “For Rent” signs.

Recognizing a business opportunity, a pair of Royal Oak entrepreneurs recently launched a website that promotes office spaces in Michigan that are 3,000 square feet or less. “No one wants to take hours out of their day driving around looking for rental signs for office space,” says Guy Scavone II, a broker and president of SmallOfficeSearch.com. “As for landlords, other than putting a rent sign on the door, it can be hard to find a tenant.”

Since the website went live in April, traffic has exceeded more than 100 visitors per day. The most common search among potential lessees is for executive suites, single offices, or shared space, says Chris George, COO of SmallOfficeSearch.com. “People can use the tools on the site to generate lists based on various criteria like location, size, or price,” he says. “We also drive traffic to the landlords.”

The site’s revenue model is straightforward: People can search for office space at no cost, while building owners are charged a $29 monthly listing fee. A typical listing includes an address, amenities, size, and pricing. Interior and exterior photos are offered, as well.

Down the road, contractors, furniture distributors, office retailers, and cleaning firms can advertise on the site. “Our goal is to expand throughout the Midwest and the rest of the country, Canada, Europe, and other English-speaking countries,” Scavone says.

Matt Diskin, owner of PVG Appraisal in Royal Oak, says the site proved to be a welcome resource. “I typed in Royal Oak, and entered the price point I wanted and the amenities I needed,” he says. “It gave me several choices and, within a week, I was in my new office.” db

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Magic Bullet

It seems everyone is looking for the magic bullet to grow their company, improve their sales, or answer a personal problem. But for Dr. Jim Kress, the last thing he believes is that there’s a single approach to solving any problem.

Data Pioneer

Improved state business climate drives Troy-based iDashboards.

CGI: Detroit

A design house uses computer-generated imagery to expand its global reach.

In Vino Veritas

Dan Glisky is taking measured steps to expand his wine business.

Opa!

Detroit’s Greektown charts a new path in the face of rising competition.
Edit ModuleShow Tags

Most Popular

  1. Gastropub Featuring Seasonal Dishes, Craft Beer to Open in Detroit's Corktown Neighborhood
    Bobcat Bonnie's, a gastropub-style restaurant that will offer seasonal sandwiches, Michigan...
  2. ABB Group to Produce Robots at Auburn Hills Facility, Hire 500 Workers
    Switzerland-based ABB Group, a power and automation technology company, will start production of...
  3. Inaugural CREATE: Detroit Festival to be held in Midtown in June
    Detroit will host the inaugural CREATE: Detroit festival in June, an event intended to bring...
  4. King and Queen of The Netherlands to Visit Grand Rapids to Promote Economic Ties
    His Majesty King Willem-Alexander and Her Majesty Queen Máxima of the Kingdom of the Netherlands...
  5. Whitney Gardens to Open for Summer Season
  6. New Administration Building Planned for Detroit Metro Airport
    An 84,000 square foot, four-story headquarters facility for Detroit Metro Airport in Romulus will...