Small Business Downsizing Trend – Saving Money on Office Real Estate

Telecommuting has become the new trend for small business owners who are looking for ways to cut corners and stay afloat in these tenuous economic times.

Benefits of Telecommuting

More and more businesses owners are finding that having their employees work from home rather than the office or using independent contractors is a way to save money and rent isn’t’ the only consideration when they are deciding to have off-site workers or not.

Having workers telecommute saves money in office space, furniture, equipment and other overhead office expenses.

Telecommuting is also an added bonus for workers. They are able to get more done in a shorter period of time because they are not wasting time commuting back and forth to work each day – not to mention the money they save on gas.  

Of course, the best part of telecommuting  for workers is that they don’t have to leave the comforts of home!

Better Use of Real Estate Dollars

Many realtors are seeing an increase in businesses looking to downsize.  According to Diane Henry, senior managing broker with Red Real Estate in Manhattan, “Business owners are getting a bit more savvy about how to get better use of their real estate dollars.”

Owners are realizing they are paying for more office space and overhead than they actually need if they have workers doing their jobs off-site.

According to Henry, she sees more companies creating “floater space” or work areas shared by more than one worker. Many businesses are also choosing to sublease space within their office to help offset the high cost of rent and overhead.

The Internet and constant improvements in technologies over the years has made it increasingly easier for business owners to effectively use off-site workers, keep tabs on them and save money on brick and mortar real estate.

Charlotte, NC Real Estate Expert

Leigh Brown is the leading real estate agent of the Charlotte, NC  Metro Area. Over the years, Leigh has helped many clients buy and sell property in Charlotte, NC with a proven track record of success.

If you are in the market to buy commercial real estate in Charlotte, NC or looking to downsize your current office space and save money, you need a Charlotte real estate expert like Leigh Brown on your team!

You can reach Leigh by filling out her online contact form or by calling her at (704) 688-5005 or toll free at (866) 440-7136.

Sources:
Charlotte Observer
Wall Street Journal Independant Street