About 80 percent of companies needing offices lease space in that square-foot range, he notes. By their very nature, small tenants don't want to sign long leases and don't have high credit. If they're not going to office from home, this provides them an attractive atmosphere that's not available anywhere else, without all the complications of most office leases. Segal says his building will differ from a traditional executive suite because it won't offer any additional services like support staff or communal fax machines. The main fact is that the space is ready.
People are hungry for available space.
And with his 45-building portfolio, if after a period of time a tenant needs a larger space, he can always transfer to another Boxer building. While this latest project is the closest Segal has come to development, he concedes new construction would be the next logical step in his real estate career. But then again, I've never known Andrew to do anything that didn't have substantial profit margins. So I'd be very reluctant to bet against Andrew on anything. Earliest info on new businesses, homeowners Sales Prospecting Center Real info, real opportunities.