Cost Comparison
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A Hosted Office Space Can Save you Money:
A cost comparison between PBC space and traditional office space
Why is our hosted office model so cost effective? The answer is simple: shared infrastructure. Our customers pay for what they need, when they need it. Nothing more. No idle space to pay for as part of a lease. No dedicated conference room used only half of the time but paid for at full price. No investment in expensive office infrastructure (it's already there!). Bottom line: lower "Total Cost of Occupancy Ownership".
The following table demonstrates the total cost associated with a 1,200 square foot conventional office space vs. a class 500 square foot Pacific Business Center office that provides similar effective space and more functionality.
| Up-Front Capital Savings: |
| $86,916 |
| |
| Annual Recurring Savings: |
| $42,763 |
| |
| Annual % Savings: |
| 40% |
| |
|
| Up-front Costs |
Traditional |
PBC |
| Space Build-out in Excess of Landlord Allowance |
$28,500 |
$0 |
| Furniture |
|
|
| Reception Station |
3,800 |
0 |
| Conference Room Setup |
11,400 |
0 |
Individual Office Furnishing
(4 Executive Workstations) |
11,400 |
0 |
| Security Requirements (Refundable) |
28,500 |
4,524 |
| Staff Recruiting Costs |
4,275 |
0 |
| Office Equipment |
|
|
| Phones |
2,850 |
0 |
| Fax Machine |
950 |
0 |
| Other Office Equipment |
950 |
0 |
| Setup Fees (Telephone, etc.) |
180 |
1,375 |
| Total Up-front Capital Required |
$92,815 |
$5,899 |
|
| TRADITIONAL OFFICE SPACE VS. PACIFIC BUSINESS CENTERS |
|
|
|
| Ongoing Annual Expenses |
|
|
| Rent Expenses (NNN) |
$26,910 |
$45,315 |
| Building Operating Expenses |
11,443 |
0 |
| Telephone Lines |
2,736 |
0 |
| Telephone Usage |
2,850 |
3,562 |
| Internet Access with Router |
18,240 |
0 |
| Standard Connectivity Package |
0 |
8,975 |
| Office Staff, Including Benefits |
32,110 |
3,192 |
| Temp Agency Expense (Vacation/Sick Days) |
2,394 |
0 |
| Other Services (Delivery, Office Supplies, Catering, etc.) |
2,280 |
2,280 |
| Repairs & Maintenance |
1,995 |
0 |
| Coffee & Beverage Service |
1,140 |
0 |
| Additional Equipment Rental |
|
|
| Postage Machine & Meter Rental |
798 |
0 |
| Copier (Based on 1,000 Copies per Month) |
4,560 |
1,368 |
| Total Ongoing Expenses |
$107,456 |
$64,693 |
|
|
The concept of Total Cost of Occupancy is important because Pacific Business Centers provide turnkey workplaces, i.e. a whole lot more than just office space. Under a utility model. Pay as you go, pay for what you need! Services included in our hosted office space model include:
 |
Conference Rooms |
|
IT Support |
|
Guest Offices |
|
Administrative Support |
|
Copying Room |
|
Server Co-Location Services |
|
Shared Lobby |
|
Voicemail System |
|
High Speed Internet Access |
|
Networked Color Laser Printer |
|
Phone Answering Services |
Read A Pacific Business Centers Customer Case Study to illustrate why a shared office infrastructure improves cost and productivity for a two-people attorney office.
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