Summer Bummer: Make The Most Of Your Sunny Workdays

Posted on June 12, 2019July 8, 2019 by Ellie Ashton

The temperature is going up and the sunny days are becoming more and more, and you’re still stuck at work. While missing out on a perfect summer day may be make the work week feel like a punishment, there are a few easy hacks to making the most of your summer while you’re at work, and they don’t involve playing hooky or faking sick.

Make A Great Playlist

Nothing makes a mood change faster than a great, fun playlist. From fast electronic to groovy rock classics, making a great playlist can really help to boost your mood and keep that bounce in your step while you work on a sunny day. Not sure what to play? Spotify has tons of pre-made playlists to keep you working for the weekend with extra pep in your step. Did somebody say Dock Rock?

Move Outside

Need a little fresh air? Take your laptop outside! Instead of getting your quick and easy mobile order from Starbucks, try sitting on a local cafe patio while you sip your soy latte. Soaking in a little sun and getting outside can help to boost your mood, productivity and even help you get a little jump start on that summer tan.

Ice Cream Office Culture

Think coffee is the only common thread with your coworkers? Not a chance! Why not switch up the usual afternoon java for some tropical popsicles or ice cream cones? Not only has a positive office culture recently proven to help lower stress and anxiety, it is a great way to take a minute to enjoy a slice of summer and get to network and socialize with your office mates. Not to mention, you’ll quickly become the most popular one in the office!

Friendly Fridays

It’s no secret that you’re likely watching that clock slowly tick by until 5pm on a Friday. However, when the weather is nice, why not relax a bit after work? Instead of sprinting out of the office to race to a busy commute, why not hang back a bit? Hit a patio, walk in the sun for a bit of the way, or ask some office mates to grab a cold beer. Ending the work week with some relaxation can help you to destress and prepare for the perfect weekend – weather permitting!

Change Up Your Commute

Morning commutes can be a real mood killer, especially when it is hot and sunny and you’re on your way to a long day at the office. Make the most of it! If you take public transit or live close, why not try some walking or biking to get a little exercise and time outside before the day starts. Trust us, this is a huge mood booster! If you drive to work, try avoid the stuffy highways and leave a bit earlier for the more scenic route. Pop the windows down, put on some tunes and enjoy a more relaxed ride into work, you won’t believe the difference it will make.

Switch Up Your Schedule

While many entrepreneurs can make their own hours, that’s not always the case for everyone, especially employees. However, there are some ways to still snag some extra sun time during the work week. For one, if you make your own hours, try shifting them a little. Coming in an hour early can help you to leave a little early on a hot Friday afternoon. Reporting to someone higher up? Suggest the idea! Plenty of small businesses offer their employees “summer hours” and allow for the schedule shifting on Friday afternoon – Always worth asking!

Lighten Your Lunch

When it’s hot and sunny and you’re stuck inside, the last thing you want to do is weigh down your mood even more with a heavy lunch. Try lightning up with some fun naturally flavoured waters throughout the day and a salad for lunch. Keeping it light can keep your energy level up and give you that extra boost to enjoy the daylight hours after quitting time instead of going home to slump down on the couch!

Being stuck indoors during the summer months can be tough, especially when the sunny days first start rolling in. However, keeping up with these few simple tricks can really help you to make the most of those short summers, even if it is only a few extra hours a week. So go ahead, relax, it’s summer after all.

Moving In: What You’ll Need To Bring

Posted on May 9, 2019May 9, 2019 by Ellie Ashton

One of the most obvious perks to moving your business into a co-working space having a top-notch office already set-up and ready to go. While that is in fact the case with many options in co-working, there are still some things you will likely have to provide for your day to day operations. Traditionally, things such as internet access, top tech like projectors and printers and most furniture is provided, however thats not always a guarantee for all spaces.

Computers

Regardless of how simple or elaborate your co-working space may be, bringing your own computers is a must. Whether you opt to for a handful of desktops or ask each employee to provide their own laptop, either way, this is not something you will likely see included in your co-working space. While larger scale technology will likely be provided, personal computers will have to come from your own pocket.

Furniture

Depending on the space you choose, you may have to provide your own desks/office chairs. Some of the larger co-working environments do provide furnished office spaces, however that’s not always the case. While you may even be given the barebones of furnishing for your specific office area, anything further will be your responsibility. Things such as plants, filing cabinets, etc are likely also not included. So keep this mind when budgeting out your initial move, whether or not you will have to shell out for furnishing.

Office Supplies

Besides the usual printer paper, coffees and teas, a large portion of co-working spaces to not provide the thoughtless office supplies you may forget to buy until you need them. Things such as staplers, pens, file folders snd even good old-old-fashioned paper clips are things that you should have on your To-Buy list before you move in. While it might seem like a low priority, you don’t want to end up in a bind when you finally need them. Not to mention, moving in with everything accounted for can make for a smoother transition into your new digs.

Chargers & Headphones

While most people toss their charger into their bag when they leave, out of pure habit, it’s always good to keep one at the office. Not to mention, a set of headphones. Although many shared office spaces can be quiet, it can be easy to drift out of focus and more onto office chit-chat or conversations happening around you. Keeping an extra set of earphones to pop in when you really need to crunch down on work can really save you the distraction.

Water Bottles & Coffee Cups

As mentioned, plenty of co-working spaces offer gourmet coffee and tea options, even small snacks, but it can be bothersome to constantly be washing your coffee cup or glass at the end of each day. Keeping you own mug and reusable water bottle in your office space can not only keep you extra hydrated, but it can save you any cleanup come 5 o’clock.

Sweater or Jacket

Offices are notorious for being chilly. While there is some science behind the lowered temperature, it’s not always everyone’s perfect environment. To avoid feeling the chill, or worse, finding yourself stuck underneath the AC vent, tuck an extra sweater or jacket into your desk drawer, since you won’t have access to the thermostat.

There are so many pluses to what a shared office environment can bring to your and your business, but don’t forget what you need to bring to keep your daily operations running smoothly. From big item like desks to tiny things like extra staples, it will all depends on what type of co-working space you choose. To get an idea of the range of options, check out the huge selection Spacie has to offer any business!

Traditional vs Modern: Is Co-Working Right For You?

Posted on April 16, 2019April 16, 2019 by Ellie Ashton

The with the massive rise of co-working spaces popping up in major cities across the globe, small businesses and entrepreneurs are reaping the benefits of the modern day work environments. However, the concept of a classic office is still in hot pursuit. While both offer their unique options and specifics, determining which is best for your business can be tough. Let’s take look a some comparisons and contrasts of the two types of office life.

Structure

One of the biggest and most noticeable differences between co-working spaces and classic offices, is the style and structure of the office life itself. When you think of a traditional office, you think of private sections, cubicles or rows of desks, etc. Co-working spaces offers a bit of a different approach, allowing employees from multiple businesses to intermingle, move around, share resources and give a much more social vibe amongst each other. Depending on the level of structure you feel is appropriate to keep your professional wheels running smoothly, you may opt for a more private office style. For example, while a marketing agency may flourish in a creative co-working space, it may not be the best choice for a research group or cold callers.

Cost

The major draw the a co-working space is the fact that it is ready, set and good to go for you to move into you. With office areas already furnished and top notch tech at your disposal, a new business or even an established smaller business can really save some big bucks on amenities by moving into a co-working space. While the cost per person is a bit higher in a co-working environment, the cost of build-outs and office extras or upgrades are not a factor that needs to be a concern as you build your business.

Size

Despite the mass size of some co-working buildings in major cities, the size of your business is a big determining factor as to whether or not you’d be able to move into a shared environment or need your own office. With the average square footage of a co-working space nearing 8,000 square feet, it narrows down to to about 150 square feet per member. With this in mind, a new entrepreneur or small business might jump art the opportunity, however a growing business with upwards of 60 or more employees, might find it difficult to find the right accommodation in a shared environment with such a large amount of members. Not impossible, but not necessarily easy nor ideal to acclimate a large company into a shared space.

Commitment

The business world can be a very tumultuous, so the idea of a long-term commitment to an office location can be stressful. Especially for budding businesses, it can be hard to determine the right place to set up shop, more so if there is a contract to be locked into. If the worry of a long term commitment is a factor in your new business, the co-working route might be a better option. Typically, shared work spaces offer as low as month-to-month memberships, while more traditional commercial spaces can ask you to lock in for up to 3-5 years. If your foresight about your business needs isn’t perfectly clear, perhaps going for less commitment is the better decision for you.

Locations

Many companies, both big and small, operate across the country and ever across the globe. With offices in different timezones, cities and countries, it can be difficult for business owners and entrepreneurs to keep track of multiple offices running smoothly and profitably. More so, employees or business owners that find themselves needing to travel to various locations for meetings, interviews, recruiting, etc., a shared space can offer a home-away-from-home style office when they need it. Operate from Toronto but looking to expand to Vancouver? No problem, you can hop on over and have a fully set-up office to get your affairs in order, without compromising professionalism or making a preemptive commitment. On the other side of the spectrum, a company running multiple offices in various locations may want a more structured environment in a private office, to ensure when the cat is away, the mice won’t play.

Finding the perfect place to run your business can be a long process. Establishing the type of morality, culture and structure you’d like for yourself and your employees should all be taken into consideration when deciding between classic office life and co-working space. With both offering different benefits and styles, both can help to grow you business and run your day to day operations smoothly, depending on what your business needs are. Thinking about making the change to a co-working space? Be sure to check out all the options Spacie offers, something for every business and eager entrepreneur to explore.

Office Upgrades – 10 Gadgets To Make Your Work Week Better

Posted on April 3, 2019April 3, 2019 by Ellie Ashton

No matter what type of business you’re in, it always seems that day to day office life can start to dull your senses and have you watching the clock by midday. What if there were a few helpful, and super unique, gadgets to help you turn your office space of any size into the perfect place to be productive, recharge and kick ass all the way through to Friday?

1. Foot Hammock

Sitting in an upright office chair can really start to take its toll on your posture and lower back, no matter what your age. While some offices have opted for standing desks, that doesn’t help relieve the fatigued muscles and body slump that hits about 2pm. A foot hammock easily attaches under your desk, allowing you to lift you feet while you lean back and continue to work until closing time. Believe it or not, but that tiny break of putting your feet up can really go a long way when it comes to finishing off the day on a strong note.

2. Exercise Ball/Resistance Band

Much like the hammock lets you kick back for a bit, keeping a little stash of low impact exercise equipment can really help you feel rejuvenated before the day is done. Taking a quick 15 to stretch it out, bend it back and boost a few endorphins means less of that end of day struggle, and a better feeling body to hit happy hour!

3. Rainbow Maker

Nothing dulls your productivity like a gloomy day. Brighten up your work space with your very own rainbow! This cool little gadget gives you the zen-like feeling of sunny, summer days and adds little pops of bright colour to turn your rainy day the other way!

4. Colouring Books

It wasn’t long ago that stress-relieving adult colouring books hit the market and took off running with their huge popularity. At a low cost and being able to be used nearly anywhere, keeping an office stash of some Crayolas and a book can help you to lower any midday stress and take a little brain break. Eating lunch alone? Do a little colouring while you snack and let your mind relax and focus on something else. Just watch how refreshed you will feel when you return to work.

5. Healthy Snacks

Nothing slows down a day’s productivity like a hunger slump. That post-lunch hunger rolls in and you start to feel dull and lethargic. Keeping a little stash of healthy snacks can work wonders on reviving you until you head home for dinner. Things such a trail mix, granola bars and even a little bit of chocolate and perk you up and keep you productive until the clock strikes 5 – And don’t forget to stay hydrated! Skip the sodas and keep a reusable water bottle close by to keep your focus up.

6. Cleaning Supplies

While most offices have an after-hours cleaning company that swoops in after everyone has left, that doesn’t mean you can’t keep a little bit of the work for yourself. Brain on overload and looking for a quick distraction? Grab a few Lysol wipes and do a little sanitize and organize of your work space. You’ll get a nice little brain break, not to mention the fresh scent and organized space will help you to focus and feel back on track.

7. Ostrich Pillow

Everyone gets a lunch break, or a smoke break, or some even get a break whenever they’d like. Enter, the Ostrich Pillow. This handy little new pillow allows you the plop your head down on your desk and catch some Zzzs, while giving you comfort, privacy and blocking out any office noise. Extra tired today? Speed through your sandwich and grab a quick 10 minute power nap comfortable at your desk. You’ll thank us later.

8. Plants

Since many people suffer from allergies, not all offices allow for real, living flowers. However, greenery is usually a go! From tropical looking leaves to simple succulents, adding some plants to work your space can help turn a drab office into something that feels more home-like and zen. While it may seem like a small change, tiny touches can really go a long way when you’re spending extra hours at work. Try adding a few little plants to desk or work space and watch the difference it makes.

9. Whiteboard Clock

Stop watching the clock and waiting for quitting time. Instead, try a whiteboard clock! This handy new gadget helps to not only break up your day to keep the hours pressing on, but it also helps you time-block and manage your tasks with ease. Work away, and when the clocks hits your next task, you’ll know to switch it up. It’s also great for showing you how much time you need to allot for projects in the future, and keeps the day sailing by.

10. Desk Light

Nothing is worse than getting in the zone on a big project and being interrupted by a colleague asking you to sign a birthday card. Solution is simple! You can add a light to your workspace that politely lets people know when you don’t want to be disturbed. This works great for shared office spaces, as they can see your red light and know to come back later. In contrast, you can flip the light to green when you cruising through the day and don’t mind a little impromptu chitchat.

Whether you work in a shared space or a traditional office, any tips and tricks to help the day go smoother are always a good idea. From keeping you calm to revamping your afternoon brain fog, there is no shortage of helpful gadgets. Looking to turn your office into a shared space? Don’t forget to check out the amazing selection of co-working spots Spacie has to offer!

Workin’ For The Weekend: How To Better Manage Your Work Week

Posted on March 27, 2019March 27, 2019 by Ellie Ashton

The Sunday scaries. The Monday struggle. The midweek slump. When the work week fatigue starts to hit, what do you do? No matter what field of you’re in, everyone knows the feeling of trying to just make it to the weekend, and pull through another week of work-life stress. What if there were a few tips and tricks along the way to help you manage your stress, energy and even polish off Friday with a smile?

Monday

The most dreaded day of the week is Monday. Back to the 7am alarm clock, rush hour traffic and starting the week off all over again. However, Monday is actually a perfect time to set yourself up for an easier workweek. While Monday mornings can be a hectic game of catchup, they are actually the best day to regroup, schedule and plan. By taking time during your Monday morning to plan your week and reevaluate your tasks and goals, you’re less likely to feel flustered and burn out before the weekend. So grab your whiteboard or Google calendar, and map out a plan for what you need to do, when you need to do it by and who you need involved. Don’t forget to schedule your personal life, too – It will help you stay on track and stay less stressed throughout the week.

Tuesday

Studies show that Tuesday is the best day of the week to schedule meetings. The logic comes based on the fact that the Monday mayhem has cooled, and the midweek slump hasn’t set in yet. This is the perfect day to get all your meetings and conferences scheduled, done and out the way. By keeping your meetings scheduled to a specific block of time or day, you are less likely to break focus on other tasks later in the week, and can stay on track and running smoothly. Not to mention, if you happen to work in marketing or sales, Tuesday has been shown to be the most popular day for positive client impact.

Wednesday

Hump day! We’ve all felt the struggle of Wednesday. The fatigue is catching up, our necks are sore from hunching over a desk. Wednesday is a great day to schedule a little self-care and relaxation. Today is the perfect day to treat yourself to a nice lunch and take a little breather. Do some stretching in the local park over lunch hour, take a quick 15 to go for a walk or reorganize your desk. Experts say that breaking up the work day midweek can lower stress, revive energy and lead to a more productive closeout of the week. Not to mention, YouTube has hundreds of free stretching tutorials you can do right at your desk! So go ahead, take a little time to yourself.

Thursday

Thirsty Thursday, Friday Junior, the its-almost-the-weekend work day! Thursday is the perfect day to start prepping for the closeout of the week. While you’ve got one more early left before your Saturday sleep-in, giving a little extra effort on Thursday can make your Friday a breeze. Use this day to finish up any projects, tie up loose ends and gather any final pieces you may need. As plenty of people cut out early on Friday or take a long lunch, making sure everything is lined up by end of day Thursday, means for your Friday afternoon can be stress free and an easy ride right into the weekend. So send your emails, make your calls and staple your files before you leave for the day, you’ll thank us tomorrow!

Friday

Fri-YAY. The end is near, the week is done and cool, crisp beer is just hours away. Can’t leave until 5pm? No problem. Since you already prepped and planned for the week, and tied up your loose ends on Thursday, you can relax a little bit. Get you materials together for Monday, take a look at projects further on the horizon, knock off those tiny tasks you’ve haven’t been prioritizing. Keep it productive but casual, and watch how fast the clock clicks into the weekend. Slow your stress pace a little, you’ve earned it.

No matter what your office environment is, there is always a basic workweek structure. By taking a little breather and mapping out your Monday to Friday, you can help to reduce your stress and anxiety, while increasing productivity. Looking to switch up your office space? Take a look at all the amazing options Spacie has available for every business size.

Commercial Leasing 101

Posted on September 12, 2018March 5, 2019 by Spacie

Business owners wishing to lease a space or renew an existing lease can prepare by following these steps:

Utilize A Tenant Broker’s Expertise

A tenant-representative commercial lease broker can provide the market data, information, relationships, and experience needed to help a tenant reach a favorable lease with a prospective landlord. Use a broker for leases 1,000 square feet and up if you’re looking for commercial space Spacie.ca can help you find what you’re looking for.

The benefit of utilizing a broker is often at no extra cost to the tenant–landlords frequently pay a broker’s commission, which is then built into the tenant’s rental rates. Whether the tenant seeks out a broker’s consultation or not, the tenant’s rent will remain unaffected.

The tenant will want what’s best for their business: a prime location based on rewarding local demographics, traffic, and neighbourhood makeup. An experienced broker can help the tenant find their ideal location efficiently and accurately.

Commercial Lease Negotiation and Terms

It’s important to understand that the lease terms of commercial spaces differ from those of residential spaces–they contain stipulations that can affect the tenant practically and economically in their use of the space.

Upon finding a suitable space for lease, the tenant should procure a letter of intent to be signed by both parties. The letter of intent serves as confirmation that both parties are mutually interested in negotiating and pursuing the signing of a lease agreement, while including a structured path to do so. Keep in mind a committed landlord will be inclined to sign a letter of intent, whereas a non-committal landlord typically will be less eager.

The tenant can increase their chances of a favorable outcome in the lease negotiation if they stay conscious of these factors:

Area of leased space compared to area of building or complex
Length of lease
Creditworthiness and operating history
State of current leasing market, such as supply and demand of space
The value of your business’ brand to the landlord
The landlord’s status as an individual, regional or national property owner

At any given time, the lease market will fluctuate, generally leaning in favor of the landlord or the tenant. At times of high demand and low availability, the landlord has more leverage, and may adopt a “take it or leave it” approach. Conversely, the tenant has more negotiating clout in a market with low demand and high space availability, paving the way for potential concessions from the landlord such as more interior improvements funding, renewal and expansion rights, and better rental rates.

Submarkets also exist within a market. They appear as business districts, development corridors, outlying regions, and other types of areas undergoing development. The tenant should be aware of these submarkets and how each submarket brings with it its own favorable and less favorable market conditions, ensuring their own adaptability in pursuing and negotiating a lease.

Important Features of a Commercial Lease

The size of the tenant’s prospective space relative to the size of the entire property will bear weight on the lease terms. A single occupant renting an entire structure, for example, will have more sway in receiving concessions, such as prominent signage, from the landlord.

Landlords will also favor a business with a creditworthy background, based on the business’ history of operating, net worth, audited financial records, and/or publicly traded stock. Startups, on the other hand, won’t have the same advantage. Despite this, negotiating remains the same for both established businesses and startups: it is an opportunity for the tenant to make desired changes to the initial lease, which tends to be skewed in favor of the landlord.

Within a lease agreement are vital and essential terms hiding in plain sight. These terms create the reality of the tenancy and shouldn’t be overlooked. Watch out for these lease terms when reading over your lease agreement:

Rent

Tenants should be prepared to incur additional costs to the base cost of renting a space. Should the need for them arise, additional costs for maintaining the space should already be included in the tenant’s budget.

Full Service Versus Triple Net Rent

The operating costs of a space include taxes, insurance and utilities. Depending on the lease agreement the landlord will either cover these costs on behalf of the tenant (Full Service), or the landlord will charge the tenant for these costs (Triple Net). Tenants are urged to include audit rights in their lease agreement with the landlord, ensuring transparency in the calculations of operating costs.

Premises

Premises are the location of the leased space and its area coverage. Tenants be aware of the difference between Rentable Square Feet (RSF) and Usable Square Feet (USF), the former of which is the total space area, while the latter is space used for business activities.

Term

Term denotes the duration of the tenant’s lease and renewal right. A shorter term, such as three years, is recommended for a business that may require more flexibility in its future, for example, moving locations. Renewal rights provide further flexibility for a business with a short term, as they give the business the option of continuing to rent the space past the initial term. Lower rental rates in the future may also spur the tenant to seek a shorter term.

Prior to renting, a pre-rent commencement period term should be included in the lease agreement, stipulating a rent-free period for the tenant’s contractors to make interior improvements. Alternatively, the landlord may take the responsibility and cost of interior improvements into their own hands, and make the space available for rent upon their completion.

Security Deposit

A landlord will require assurance of payment in the lease agreement. The tenant may provide assurance in the form of upfront cash, a personal guarantee, or a letter of credit issued by the tenant’s bank. It’s important to keep in mind that a personal guarantee can diminish in scope during the span of term, depending on the conditions of the term.

Improved Allowance and Base Building

The tenant improvement allowance (TI) is the amount the landlord is willing to spend on the tenant’s renovating or retrofitting the space. The TI allowance is typically calculated by multiplying the square footage of the space by cost per square foot. More allowance will be provided for high quality Class A space, upwards of $80 per RSF, whereas Class C spaces might offer $12 to $20 per RSF in allowance. The tenant will want to make sure that the TI allowance is spent on improvements suited to their specific requirements. Amounts exceeding the tenant improvement allowance may be incurred by the tenant and reflected in the rent.

Use and Exclusive Clauses

The tenant should research any zoning laws applicable to the space they are seeking to lease, to ensure their intended use of the space is lawful. Exclusive restrictions, similarly, apply to the space and its permitted use. Tenants renting within a building or complex may wish to establish with the landlord exclusive clauses to curtail or limit certain activities or neighbours within the building or complex, for the sake of business protection or competition.

Assignment and Subletting Rights

A tenant at some point during their lease may wish to assign part or complete use of their space to a subletter or business successor seeking to rent the space or purchase the business. This process falls under Assignment and Subletting Rights, which must be included in the lease agreement with the landlord in order to be enforceable. Assigning and subletting space is ideal for a business that needs to reduce operating space and costs or close.

Other Important Lease Terms and Overlooked Terms

The tenant should read over the landlord’s lease carefully. More often than not, there initially will be gaps in the lease that leave the tenant vulnerable to potential situations in their business’ future. Consider the following terms:

Renewal Rights

The tenant should negotiate a renewal with their landlord long before the end of the lease term. Doing so will give the tenant the feasibility of relocating, the fact of which can be used as a bargaining chip in the negotiation with the landlord. It should be noted, however, this would only apply if the tenant had no significant interest in the current lease location, and might not easily apply to a business that has acquired location goodwill during its lease. The lease should permit the renewal election date at least 9 months to one year prior to the end of the lease term. Additionally, a renewal rent rate can be also be pre-established and included in the lease.

Expansion Right

Right to Expand is an important term indicating the tenant’s license to expand business-operating space, in the even of rapid growth, or relocate, in the event of unanticipated circumstances.

Heating Ventilation and Air Conditioning (HVAC)

HVAC is an important and necessary expense. The tenant and landlord should agree on a HVAC provision that considers standard hours cost, additional hours and cost, and potential demand for business operations.

Alterations

Cosmetic alterations, such as painting, for example, should not require the landlord’s consent. Landlord consent for non-structural alternations should not be unreasonably delayed or provided conditionally.

Environmental, Code Compliance

The tenant should ask the landlord for warranties regarding code compliance, although, if the interior build is in accordance with the tenant architect’s drawings, this responsibility, within the leased space, will be with the tenant.

Rent Abatement for Interruption in Use

Rent should be abated in the event that space or utilities essential to the proper functioning and use of the space are interrupted or cease working properly. Until the landlord rebuilds or fixes the damage or dysfunction, rent should continue to be abated. Business Interruption insurance, invoked when events disruptive to normal business operations occur, is available for the tenant to acquire.

Eliminate Removal/Restore Obligation on Tenant

Alterations made to the space during the lease term may have to be removed at the tenant’s departure, and potentially at the tenant’s expense. The tenant should be aware of any potential departure obligations and associated costs, and make sure they are properly represented in the lease.

Risk of Sub-tenancy

A sub-tenant leases from the tenant and generally has no relationship with the landlord, and is dependent on the tenant maintaining good standing with the landlord. To protect the sub-tenancy, a sub-tenant may seek a non-disturbance agreement from the primary landlord, should the tenant fail to make rent payments.

Make note of these important lease terms in leasing and occupying a commercial space–they are necessary to creating a durable and transparent lease between the tenant and landlord. A commercial leasing attorney can expand on these terms and introduce new ones to a tenant committed to pursuing a favorable lease.

Conclusion

The prospective tenant should consult a tenant broker and an experienced commercial leasing attorney prior to the negotiating of a lease agreement. Professionals experienced in the ins and outs of commercial lease documents know which terms to watch out for and which important details are often buried in the lease document. Going over a lease in progress with a tenant broker and commercial leasing attorney brings the opportunity for a favorable outcome and fewer unexpected surprises in the operational and economic future of the tenant’s business space lease. Need help finding the right office space in Toronto? Click the link to start your commercial real estate search https://www.spacie.ca/p/on/toronto

Prepared by www.spacie.ca

Top 8 Office Buildings In Vancouver

Posted on July 3, 2018March 5, 2019 by Spacie

spacie.ca

1) The Exchange

Merging European technologies with a West Coast appearance, The Exchange creates a distinct downtown working environment. The design of The Exchange is defined by the Pinstripe Principle. The pinstripes are aluminum louvres that begin at the ground level of the new building and stretch upwards above the original Edwardian building; thus producing a smooth integration between the two structures. The building is Vancouver’s first LEED Platinum heritage conversion – a collaboration between Iredale Group Architecture and Harry Gugger Studio. The best of the old structure is conserved by the new design, while conveying standards of sustainability, efficiency and comfort into the 21^st century.

Notable Tenants

National Bank
Hyper Wallet Systems

https://www.spacie.ca/p/british-columbia/vancouver/howe-street/475

2) Telus Garden

TELUS Garden is a 22-storey, 450,000 square foot office tower located at the northeast corner of West Georgia and Seymour streets. It is an expansion of the telecommunications giant’s headquarters office space on the city block. 1,000 TELUS employees work in the new space as well as several major, high-profile tenants including Amazon Canada, Accenture, Capstone Mining, and law firm Bull Houser & Tupper. Proponents have placed the building’s environmental footprint as a major priority. In fact, a number of TELUS Garden’s green design features have earned them the title of being Vancouver’s first LEED Platinum certified office tower and the distinction of submitting the highest LEED score card ever to the Canada Green Building Council.

Notable Tenants

Amazon
Telus

https://www.spacie.ca/p/british-columbia/vancouver/british-columbia-99-alternate/510

3) Bentall 5

Bentall 5 is an AAA office building located in the heart of downtown Vancouver’s business district, on the northeast corner of Burrard Street and Dunsmuir Street, one of the city’s most renowned intersections. It sits directly opposite to the Burrard SkyTrain Station and the 1.5 million square foot Bentall Centre complex. The structure encompasses a modern appearance, efficient design, first-class amenities and a wide range of services. A new technological standard has been set for downtown Vancouver due to an emphasis on mechanical, electrical, communication, life safety and security systems.

Notable Tenants

Bell
Gowling WLG

https://www.spacie.ca/p/british-columbia/vancouver/burrard-street/550

4) Shaw Tower

Shaw Tower is located on Vancouver’s most prominent waterfront location and is Vancouver’s only waterfront office building. It is among the tallest buildings in the city, standing at 489 feet and comprising of 24 stories of luxury condominiums with a unique live/work zoning designation, on top of a 16-storey office building. The structure is situated on Coal Harbour and adjacent to Harbour Green Park, the Vancouver Convention Centre and extension of Vancouver’s famous Seawall. Shaw Tower houses four of Western Canada’s leading companies: Shaw, Ledcor Construction (Shaw Tower’s contractor), Pattison Group, and Westbank office. The unique offices contain access to large decks overlooking Coal Harbour. A day care with an outdoor playground is located on the 5^th floor. Shaw Tower is considered one of the new premiere office building in Vancouver.

Notable Tenants

Shaw
The Jim Pattison Group

https://www.spacie.ca/p/british-columbia/vancouver/west-cordova-street/1067

5) MNP Tower

MNP Tower was designed and developed as a vision statement for Vancouver. In order to create its architecturally stunning and multi-award winning design, the structure had to endure a thoughtful and rigorous process. The building offers extensive views of the North Shore Mountains that visually expand indoor space, has floorplates designed to promote circulation and collaboration, and surpasses environmental considerations.

Notable Tenants

MNP
Korn Ferry

https://www.spacie.ca/p/british-columbia/vancouver/west-hastings-street/1021

6) 745 Thurlow

745 Thurlow is a world class building that has plenty of modern day amenities that help attract and retain top talent in today’s competitive environment. The building has two magnificent green roof spaces invluding a 3^rd floor terrace spreading around the west, south and east sides of the building. There is also a roof top tenant amenity area accessible to all tenants in the building, including an outdoor patio with seating, lounge and entertainment areas and a casual meeting area with a gas fire pit and barbeque. The building is equipped with a common area fitness facility, accessible to all tenants within the building.

Notable Tenants

SNC Lavalin
McCarthy Tétrault LLP

https://www.spacie.ca/p/british-columbia/vancouver/thurlow-street/745

7) 250 Howe St

Located at 250 Howe Street, PWC Place is Waterfront Properties newest and most impressive office tower. This AAA Class building features a marvelous grand lobby, which reflects the highest standards in design and finishing that are characterized throughout the building. The building is named after PricewaterhouseCoopers, one of North America’s largest and prestigious accounting services firms, and is home to numerous leading companies.

Notable Tenants

PwC
Dentons Canada LLP

https://www.spacie.ca/p/british-columbia/vancouver/howe-street/250

8) Park Place

Park Place is a 35-storey, Class AAA office tower located in Vancouver’s business district. The property’s one-acre park has frontage on three main streets. It is adjacent to Burrard Skytrain Station and walking distance from the Convention Centre and waterfront. A retail mall, meeting facilities, and a fitness centre are included in its amenities. Dedicated to environmental sustainability, this building has achieved BOMA BEST Level 3 and LEED® Gold EB:O&M certification. While the tower only uses 35% of the site, it stands at 698,000 ft², making it the largest office building in British Columbia. The remainder of the site is dedicated to open green space, which include water features and a small amphitheatre. The building’s facade comprises of pink granite with flush-mounted copper-glazed windows that match the granite’s appearance.

Notable Tenants

DLA Piper
RBC Capital Markets

https://www.spacie.ca/p/british-columbia/vancouver/burrard-street/666

To see more buildings in the Vancouver are check out https://www.spacie.ca/p/bc/vancouver

The following criteria was taken into consideration while making the list:

Proximity to Transit
Eco-Friendliness
Design
Integration of Technology
Natural Light
Amenities

Top 10 Buildings in Toronto for Tech Companies

Posted on May 24, 2018March 5, 2019 by Spacie

spacie.ca

1) Queen Richmond Centre West (134 Peter St)

Developed by Allied Properties REIT, the Queen Richmond Centre West (QRC-West) offers an excellent example of High-performance Workplace and adaptive repurpose through its incorporation of two existing heritage buildings into the establishment of a new 17-storey office building. The complex faces both Richmond and Peter Streets in Toronto’s Entertainment District due to its arrangement around an L-shaped atrium. This 302,000 square foot development adds a highly sustainable, new innovative office component which begins at the ninth floor. In addition, this state-of-the-art building features a retail component at grade and provides roof terrace access. The Mega Delta Frame structure is a unique structural solution that implemented the preservation and reuse of the industrial historic buildings on this site. Tech companies will be sure to appreciate this stunning custom-designed development and advanced innovative work space.

Notable Tenants

Allied (Owner)
Entertainment One Music Canada
Givex

https://www.spacie.ca/p/ontario/toronto/peter-street/134

2) MaRS (101 College St)

Located in the heart of downtown Toronto, the MaRS Centre is a vivacious area that has become the irrefutable hub of Toronto’s Discovery District. This urban location has direct access to Toronto’s subway line and is only a few short stops from the GO Transit system. 101 College is conveniently located and is easily accessible from all parts of the GTA. It is attached to the adjacent MaRS Heritage Building and reaches through an atrium and concourse-level food court. This office building is set to satisfy its tenants with its warm and lavish lobby, protective security, and pass card access to its elevators. Tech companies can benefit from its convenient downtown location with accessible transportation and close proximity to the vibrant city of Toronto.

The Heritage Building

The Heritage Building’s 4-storey brick structure houses tenant spaces that are occupied by professional services, industry associations, pharmaceutical companies and offices of Canadian universities and the Province of Ontario. The MaRS Centre has been honoured with the Heritage Toronto Award of Excellence for Architectural Conservation and Craftsmanship. The building was established in 1911.

The Atrium

The MaRS atrium is a glass-roofed building that offers public access through its walkway to Heritage Building tenants and retail vendors, and also access to the South and Medical Discovery Towers. The Atrium’s lowest level features a subdivided conference area that can host both public and private events. Events that span across Toronto’s arts, culture and urban community are sure to connect tenants to this exciting city. Its lower level also includes a media centre, video conferencing rooms and a public food court.

The South Tower

The South Tower is an 8-storey property that accommodates incubator programs and shared laboratory and research facilities. The 200,000 square foot building houses advanced mechanical and electrical systems, floors with enhanced load bearing capabilities and 15-foot slab-to-slab clearances.

The MaRS Incubator occupies the second and third floors of the South Tower, directly above the MaRS corporate offices. It is a dedicated area that comprises of offices and laboratories for about two dozen life science and technology companies.

Notable Tenants

AirBNB
AutoDesk
Klass Capital
Samsung

https://www.spacie.ca/p/ontario/toronto/college-street/101

3) The Balfour Building (119 Spadina Ave)

The Balfour Building is a historical tower landmark and represents one of Toronto’s finest examples of Art Deco style in the 1930s. This 12-storey structure is a premier location with its dazzling interiors, marvelous rooftop terrace, impeccable hardwood flooring, and forced air heating and centrally controlled air conditioning. Employees of the tech sector would enjoy an office building at this location with its stylish design, accessible transportation and attractive amenities. The Balfour Building is located at the Northeast corner of Spadina Avenue and Adelaide Street, and is situated near the Financial and Entertainment districts, Gardiner Expressway, and the LRT. The City of Toronto Heritage Property Inventory listed the Balfour Building as a Toronto Heritage Property in 2011.

Notable Tenants

Roadmunk
BiblioCommons Inc
Playground Incorporated.

https://www.spacie.ca/p/ontario/toronto/spadina-avenue/119

4) Carpet Factory (67 Mowat Ave)

The Toronto Carpet Factory is a remarkable historic building from the past. It has lasted throughout the years due to its fine craftsmanship and materials used to design this structure of lasting quality. Its integrity is preserved through its new state-of-the-art facilities that are meant to inspire new ideas. Tech companies will be sure to enjoy this unique work space as it can stimulate creativity and inspiration in their workers. The building is a constant reminder that they are part of a proud and inclusive tradition of creating. With an assortment of buildings taking up a full city block on the western edge of Liberty Village, this long-standing repurposed factory is Toronto’s epicenter of creative output. This nostalgic property features tall windows, soaring ceilings and big open spaces.

Notable Tenants

Jam Direct
Bridgeable

https://www.spacie.ca/p/ontario/toronto/mowat-avenue/67

5) 80 Atlantic (Under Construction)

At the heart of Liberty Village sits 80 Atlantic. Inspiration can easily be found in this magnificent building that was crafted with materials inspired by the past. This property features thoughtful details, collaborative spaces, high-design work environments, and innovative technologies that would be ideal for talented individuals working in the tech sector. As Toronto’s first new timber-frame commercial building to be built in a generation, 80 Atlantic integrates natural and high performance materials that set a new standard of development. Between 60 & 80, the courtyard attracts visitors into the site, which serves as a social space with public access, and is the spot of a signature patio area for Big Rock Brewery’s new concept restaurant and bar.

https://www.spacie.ca/p/ontario/toronto/atlantic-avenue/80

6) The Fashion Building (130 Spadina)

The Fashion Building is a renowned landmark of design and elegance and is located on the northwest corner of Camden and Spadina. It is conveniently located near the Financial and Entertainment Districts with the LRT right at the doorstep, and is just seconds away from the Gardiner Expressway. Not only does its convenient location make for the perfect work environment for busy individuals in the tech sector, the building is also spacious and visually-striking. This 8-storey heritage building features Neo-Gothic detailing, sun-filled space and a beautiful marbled lobby. Built between the years 1925 and 1927, it is an impressive warehouse-loft building with rental spaces that remain sought-after locations for today’s businesses. All suites in the building feature polished wood floors, 12ft ceilings and large operable windows. It contains barrier free access, a modernized elevator system, high speed data connectivity and energy efficient building systems.

Notable Tenants

Coinsquare
Canopy Labs

https://www.spacie.ca/p/ontario/toronto/spadina-avenue/130

7) The Reading Building (116 Spadina Ave)

The Reading Building integrates the convenience of modern contemporary design with the beauty of a past era. The 7-storey structure at 116 Spadina Avenue is located on the northwest corner of Spadina Avenue and Camden Street. Constructed in 1925, this astounding building was originally built as a warehouse loft. This solid concrete structure with its stunning red-brick exterior continues to attract a mix of corporate and creative tenants to its exquisitely restored brick and beam suites. Employees of the tech sector will be sure to appreciate its spacious interior and comfortable open work environment.

Notable Tenants

CrowdRiff
Logojoy

https://www.spacie.ca/p/ontario/toronto/spadina-avenue/116

8) The Tower Building (110 Spadina Ave)

The Tower Building is a magnificent Art Deco-style landmark located on the northwest corner of Adelaide and Spadina Avenue. An eye-catching copper covered pyramidal tower rises two storeys above its 10-storey main structure. Constructed in 1929, the loft structure was originally designed as a commercial warehouse and has endured a major renovation to its mechanical systems while conserving the integrity of its original design. It features marvelous high ceilings, maple floors, elegant concrete columns and large operable windows. Tech company employees can step into this spacious accommodating office building and feel empowered about their work space. Tenants of this property can also enjoy modern amenities that include an energy efficient heat pump HVAC system, thermal glass, entirely refurbished passenger elevators and high speed internet connectivity.

Notable Tenants

Zynga
Hello Fresh

https://www.spacie.ca/p/ontario/toronto/spadina-avenue/110

9) The Commodore Building (317 Adelaide St West)

The Commodore Building is a 10-storey loft building topped by a 2-storey tower that houses a mechanical room. Constructed in 1929, it was built as a commercial warehouse. This remarkable property features spectacular high ceilings, maple floors, sophisticated concrete columns and large operable windows. Tech company employees will be sure to value a wide spacious work environment where they can craft and exchange ideas comfortably and openly. Tenants can also enjoy modern amenities which include air conditioning, thermal glass, entirely refurbished passenger elevators and high speed internet connectivity. Currently, the building houses offices in the architectural, design, advertising, and internet sectors.

Notable Tenants

Jam 3 Media
Agilebits

https://www.spacie.ca/p/ontario/toronto/adelaide-street-west/317

10) 720 King St West

720 King Street West is a 350,000 square foot commercial office building situated in downtown Toronto at the corner of King Street West and Bathurst Street in King West Village. Constructed around 1974, the building underwent a major renovation between 1998 and 2004, which changed its original use of light industrial to a commercial class ‘A’ office occupancy. The property has undergone many interior renovations to accommodate tenant requirements. The 10-storey commercial office building borders the property lines along the south, west and east sides. A small surface parking lot of about 18,800 square feet extends to the property line on the north side. Even though over 90% of the building is used for office space, there is a mix of restaurant and personal service retail units on the ground floor for tenants to enjoy. This convenient downtown office location is suitable for tech companies to set foot in, while providing their employees with comfortable amenities.

Notable Tenants

Virgin Mobile
X Inc.

https://www.spacie.ca/p/ontario/toronto/king-street-west/720

To see more great office space in the Toronto area check out https://www.spacie.ca/p/on/toronto

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