Good news! The United States is adding jobs. The bad news is that the competition for office space is driving the cost of real estate up. This is especially true in places like the Bay area, New York City, DC, Los Angeles, Boston and Chicago.
“People, followed by real estate, are a company’s most expensive assets,” said George Grace, managing partner of Mohr Partners, a commercial real estate firm. “Your location plays an important role in attracting people.” By being strategic, you can determine ways to control real estate costs. Here are four suggestions.