We're tired of the Regus game (we have a virtual office, which allows us to pay for conference room use when we're meeting with clients or just meeting in general). The majority of us work at client sites 100%. We do have one employee that is not at client sites and he works from home. He's junior though so we have to work with him and that means he comes to another client's office to meet with us or we Starbucks it.
It also seems like an office is a sign of legitimacy with prospective clients ("So how many employees do you have?", "Where's your office?" are questions we've been asked multiple times).
We've looked at space and it seems that even though there is vacancy everywhere, noone is dealing, there's collusion, price fixing, etc.
Class B space is cheap and plentiful, but, since it's class B, has it's drawbacks (curb appeal, finish out isn't nearly as nice, etc.). However class A space in reasonably convenient locations is roughly double the cost of class B.
Executive suites cost almost the same as class B space for a fraction of the space (and you still get nickel and dimed for meeting space, internet, etc.). $700 for a 190sf space vs. $1000 for a 1200sf space.
We're afraid of a couple things: - getting locked into a 3 year lease on a space that we'll either outgrow (in the case of a nicer, smaller class A) or be dissatisfied (in the case of a cheaper, larger class B) - getting locked into a lease on a space that will just sit there wildly underutilized as we're remote at clients most of the time
My instinct is to suck it up and get a short term executive suite to see how much we really use a "real" office and use that metric to determine how important a "nice" vs. "large" office really is.
The worst part about this is that it's become an incredible time suck, taking our focus away from the important things (ie. making clients love us and getting new clients).
Edit: We ended up with a sublease that we found on Showcase. It was more than we wanted to spend, but when we looked at it long term, it was a better decision. Also it was furnished and we're getting the lease for about $1000/month less than the tenant was paying (they got bought, transferred out of state). Hopefully we move in next week.