Q: What are Executive Offices?

A. They are usually comprised of a whole office building floor, or a large part of it. The space is divided into individual offices, frequently of various sizes, that are usually rented on a monthly basis and frequently to new small businesses, which do not want to commit to a long term lease.

There are common areas comprising a lobby, secretarial area, mailing/copying room, one or more conference rooms and often a kitchenette.

Tenants are charged for their individual offices, which include the use of common areas, telephone systems and answering service and pay also for individual services such as typing, copying, etc.

There are two main types of executives office landlords:

– Companies that made it a business and have usually offices in several cities.

– Landlords who found themselves having difficulty renting their office space in a difficult market and turned a floor of their building into this kind of use.