The (executive) suite life: One month and counting…

Wow, it’s amazing that a whole month has already flown by.  It feels like only last week I was getting settled in to experience the executive suites at 500 N. Michigan Ave.  During my time here, I have had the privilege of meeting several independent professionals who have embraced the value of working in a shared environment – networking with other professionals and experiencing the empowered feeling of having an established office, without having to deal with all of the hassles of a conventional office.

Since a month has passed, I wanted to write a summary of my experiences.  I have decided to evaluate the experience through a table of pros and cons of officing in an executive suite.  Note that these are my observations – I encourage professionals in the executive suite industry to provide additional insight or response to my observations.

Pros Cons
All telecommunications needs accounted for; no need to manage multiple service providers Space can get pricier than conventional offices when a business reaches 4+ people
Space is furnished to your specifications Locked into building standard finishes
Always room to effortlessly schedule large meetings or impromptu gatherings The space is not yours to do with as you please
Turnkey VoIP and internet service available, so you’ve essentially got a dedicated IT department rolled into your rate You don’t get to choose who else occupies the other offices
Easy to move in and get started
Receptionist and answering services lend a professional quality to your office without substantial fees or management hassles

To be honest, it was hard for me to come up with a lot of cons, when considering a small business.  Although office suites are not ideal for large teams or businesses, small businesses of 1-4 employees can get a professional image, quality space, and productive environment at an affordable rate without the hassles that come with conventional space.

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2 Responses

  1. I’ve mentioned how great your experience has been to a number of my friends looking for space…hopefully they can reap the same benefits!

  2. Chase, I definitely have been enjoying my experience. If your friends who are looking for space have any questions, feel free to send them my way. Since I advise small businesses and entrepreneurs, I’d be happy to chat with any of them.

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