2026-09-20T03:10:25Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/331772022-01-13T07:54:44Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Lynn Fisher.
Williams, Alan R
Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.
Massachusetts Institute of Technology. Department of Urban Studies and Planning
2006-06-20T12:53:55Z
2006-06-20T12:53:55Z
2005
2005
http://hdl.handle.net/1721.1/33177
65468074
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2005.
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
In title on t.p. "Officeminium" is followed by the trademark symbol.
Includes bibliographical references (leaves 67-68).
The Office Business Center (OBC) is a shared office facility, which is fully equipped, staffed and furnished. Many small business and sole proprietors choose OBC space over traditional leased office space because it alleviates the upfront cost and time required to maintain and manage an effective office infrastructure. Additionally, the persistence of low commercial mortgage interest rates have helped to witness a rise in office space ownership through the growth of the office condominium market- a market which is also dominated by small businesses and sole proprietorships. This thesis investigates the viability of a new real estate product, the Officeminium(TM). The Officeminium(TM) is a hybrid product which combines the ownership tenure of the office condominium and the full service environment of an OBC. The Officeminium(TM) provides a subset of small business owners and small proprietors with a hedge against rent risk and opportunistic agency, while affording office building owners and developers with a means to reduce excess building capacity and potentially increase the value of their real estate asset.
by Alan R. Williams.
S.M.
68 leaves
444989 bytes
444769 bytes
application/pdf
application/pdf
eng
Massachusetts Institute of Technology
M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.
http://dspace.mit.edu/handle/1721.1/7582
Urban Studies and Planning.
The Officeminium : alternative tenure choice in the Office Business Center market
Alternative tenure choice in the Office Business Center market
Thesis
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<Abstract>The Office Business Center (OBC) is a shared office facility, which is fully equipped, staffed and furnished. Many small business and sole proprietors choose OBC space over traditional leased office space because it alleviates the upfront cost and time required to maintain and manage an effective office infrastructure. Additionally, the persistence of low commercial mortgage interest rates have helped to witness a rise in office space ownership through the growth of the office condominium market- a market which is also dominated by small businesses and sole proprietorships. This thesis investigates the viability of a new real estate product, the Officeminium(TM). The Officeminium(TM) is a hybrid product which combines the ownership tenure of the office condominium and the full service environment of an OBC. The Officeminium(TM) provides a subset of small business owners and small proprietors with a hedge against rent risk and opportunistic agency, while affording office building owners and developers with a means to reduce excess building capacity and potentially increase the value of their real estate asset.</Abstract>
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