Understanding real-estate commercial office/retail space terminology is half the battle in finding the best office & retail space for your business!
Retail & Office Space Lexicon Vocabulary
- Back Office Space – Systems that do not deal directly with the customer, such as inventory management and accounts payable. Contrast with front office.
- Corner Office Space – A corner office is an office that is located in the corner of a building. Corner offices are considered desirable because they have windows on two exterior walls, as opposed to a typical office with only one window or none at all
- Co-Working Office Space – Coworking is a style of work that involves a shared working environment, often an office, and independent activity. Unlike in a typical office environment, those coworking are usually not employed by the same organization.
- Executive Office Space – An executive suite in its most general definition is a collection of offices or rooms—or suite—used by top managers of a business—or executives. Over the years, this general term has taken on a variety of specific meanings.
- Front Office Space – The front office is the part of a company that comes in contact with clients, such as the marketing, sales, and service departments.
- Home Office Space – The small office home office has undergone a transformation since its advent as the internet has enabled anyone working from a home office to compete globally.
- Mobile Office Space – An office built for temporary purposes, usually, within any variety of moveable, temporary buildings. Also, this type of office can be purely virtual wherein a sales or business-person uses a mobile phone or a laptop computer to create a business environment outside of the physical confines of the office space.
- Paperless Office Space – A paperless office is a work environment in which the use of paper is eliminated or greatly reduced. This is done by converting documents and other papers into digital form.
- Shared Office Space – Office sharing is a concept that allows companies who own or manage an office, that have redundant office space to share or rent the workstations or self-contained units to smaller companies looking for flexible workspace.
- Serviced Office Space – A serviced office is essentially a pay-as-you-use space, and they usually have plenty of benefits that make them a more than worthy investment
- Small Office Space – Small office/home office (or single office/home office; SOHO) refers to the category of business that involves from 1 to 10 workers
- Virtual Office Space – A business location that exists only in cyberspace. A virtual office setup allows business owners and employees to work from any location by using technology such as laptop computers, cell phones and internet access.
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