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but characteristically include the physical location that other entirely online offices do not. Since the spaces and corresponding rent or lease payments are small, many prospective renters often work directly with landlords to obtain space rather than working through commercial real estate brokers.
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The first recorded executive suites in the United States were offered by OmniOffices in 1962, followed by furnished offices for attorneys offered by Fegen Law Suites in 1966. In 1978, Alf
Mourfarrige founded ServCorp in Sydney, Australia for businesses looking to share overhead expenses, including
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Many businesses considering executive suites are small entrepreneur start-up companies that could experience growth or go out of business before a term's end-date. Considering this, flexible terms are offered to accommodate unforeseen growth or the dissolution of a company. The office space also
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can also be a set of individual offices sublet from a larger suite of offices. The executive suite proprietor rents entire floors (or buildings) and leases the smaller office spaces or workstations to businesses that don't need, or can't afford, large space. Some executive suite operators offer
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in 2003. Less than a year later it took its US business out of
Chapter 11 after restructuring, financed by its share of the profitable UK business. Since the financial issues Regus experienced in 2003 the company has successfully turned it fortunes around, as the serviced office industry has
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additional services. This variation on the traditional office idea has become an industry with roots in the early 1960s. There is no universal agreement on terminology as executive suites go by many different names, such as:
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room equipment, storage space and mailboxes. They also offer temporary support such as the opportunity for tenants to share executive office staff to assist with projects/assignments.
278:. Such seats are often purchased by corporations for a season for their executives and clients, therefore the use of "executive", and often have multiple spaces such as
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receptionist and clerical staff. Servcorp took its virtual office concept international in 1980 and in 1999 became a publicly traded company. As technologies such as the
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where the top executives of a company worked, usually including at least the president or chief executive officer, various vice presidents and their staff.
243:” opened in San Francisco, which emphasized the community and collaborative aspects of several businesses sharing an executive suite and its amenities.
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became available in the 1980s and 1990s, executive suites began to offer them as part of a complete “virtual office” package. In 1985, James Blain, a
138:, office business center, office suite, business center, executive office, furnished office, flexible office, managed office, shared-office space and
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That use was then applied not just to the physical space but also to the people who occupy the offices and their immediate underlings, much like the
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Besides the novel, and the subsequent film and television show, and the computer game, all mentioned above, both jazz musicians
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opportunity in the United States under The
Virtual Office, Inc., later renamed The Intelligent Office, Inc. In 2005, the first “
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142:. It is not uncommon for a traditional tenant to sublet unutilized space and to characterize it as an “executive suite.”
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outside and an interior room with large windows, therefore "suites". They can accommodate a dozen or more guests.
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In 1994, Ralph
Gregory presented virtual offices including physical executive suites, staff and technology as a
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The oldest use of the term "executive suites" referred to the suite of offices on or near the top floor of a
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industry also use the term "executive suite" to describe fully furnished executive style apartments.
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Other prospective renters use the internet to find executive of small office space to rent or lease.
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has a number of amenities that smaller offices may not be able to afford such as a
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in its most general definition is a collection of offices or rooms—or
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playoff race, but there is no panic in the executive suite."
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