Personally I think there’s a similar market shakeup occurring in commercial real estate. Older real estate companies are still attempting to operate in the way they always have - leasing buildings as a whole, or entire floors at a time. Unfortunately, large companies are more frequently working with small teams spread around the globe as opposed to consolidating in a single spot. Many other large organizations are shedding employees and downsizing. On the other side of the coin, small companies are increasingly looking for space and talent. The issue with them searching for space is a small company of a handful of people does not need an entire floor. The real estate market has been extremely slow at moving to adapt to this new reality. I think this is something TheCodeFactory has been great at doing and is extremely disruptive given the current market. Small company friendly office space on shared floors is a solution that is catered directly toward small business.
Guest post from Gareth Graham of Go Cloud Based