Space Race: Tech Start-Ups Feel the Office Space Squeeze
Technology sector growth isn’t slowing down one bit. As venture capital drives up Silicon Valley rental rates, tech companies scramble for office space that not only accommodates their growing staff but reflects their company culture and attracts employees.
Even well-funded start-ups often find themselves working in less-than-optimal spaces. One new company had to settle for a room over a carwash, while others have turned live-work lofts into work-work lofts. Bay Area office space expert Jenny Haeg notes that tech start-ups are always on the move. If they’re successful, they outgrow their space and move to new offices; if they fail, another start-up will take over the vacancy.
Regardless of their prospects, tech start-ups have embraced flexible space utilization, installing mobile reconfigurable furnishings such as Swiftspace that adapt to a variety of work functions. And more than any other industry, the tech sector tries to inject a sense of fun into the workplace, even if it’s adjacent to a carwash. Writing in the New York Times, Vindu Goel reports in depth on the challenges of the Silicon Valley space race: http://nyti.ms/1Gm3e6x