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

Related Articles

Pepper Ghost

An old magician’s trick is digitized to project hologram-like effects.

Eyes on Success

Three siblings share Young CEO of the Year title for their decorative eyeglasses.

Profit Leap

A former actuary jumps into the indoor trampoline market.

Sisters Code

Marlin Page's Detroit-area nonprofit Sisters Code weaves empowerment with technology.

Fore Income

How small contracts can lead to larger projects.

Most Popular

  1. Public Artist Livens Up Detroit’s Madison Building with Giant Mural
    After nearly three weeks of sometimes 12-hour days, artist Alex Brewer — known professionally...
  2. Dine Drink Detroit Returns With Expanded Restaurant Line-Up
  3. 8 Degrees Plato Beer, Frida Clothing Store Set Sights on Midtown
    Midtown Detroit Inc. today announced several new additions to its neighborhood, including the 8...
  4. Dan Gilbert Blasts Potential Wayne County Jail Project Reboot
    After officials accessed the potential for restarting construction of the Wayne County Jail...
  5. Avalon Breads to Expand with Dry Goods Store in Detroit’s Belt Line
    A new Avalon International Breads dry goods store is set to open in Detroit’s Belt Line this...
  6. Blog: Flint — The Transformation to Hero Town USA From Crime Town USA
    When I think of Hero Town USA, I think of a city like Gotham from the Marvel comic books. That...