Costs
In downtown San Francisco, one can expect virtual office services to start at a couple hundred dollars a month for a basic package of mail, meetings access, limited office suite use, and call answering. Coworking spaces can range from $400-800 per full-time desk. Executive office suites range from $1000 to $2,000 per month per person. A sublease or traditional office space at a Class A building currently (as of 4th quarter 2013) goes for the mid $50s per square foot, and one can expect to pay more for higher floors and nice views.
Conclusion
This series of blogs covered office options including home office, virtual office, coworking space, executive office suite, subleasing, and traditional office. It present an evaluation of different office options that is not meant to be exhaustive; rather it highlights some key pros and cons. The office space user should consider various factors, such as cost, convenience, flexibility, and image to determine the best option. It is also important to realize that a workspace need not be an actual physical office. As the mobile and home-based workforce has demonstrated, one can be productive outside a traditional office.
