Small businesses in New York are moving to small offices in order to save money that goes in occupying big office space
. Several small business owners are also saving money on real estate and office furniture by encouraging their staff to work from home and by hiring telecommuters and independent contractors, who work off-site.
Many small firms in the New York City have laid-off several employees over the past 1 year, and as a result they are also going in for small offices on account of the shrinking staff. The advanced technological improvements witnessed over the years have also helped many small and mid-sized businesses to allow their workers to work from homeandtherefore, cut down costs incurred on real estate.
The downsizing trend witnessed in Real Estate and office space has been driven mainly by staff cuts, benefits of telecommuting and employing part-time workers as opposed to full-timers.
Real estate companies in New York are also witnessing a rise in trend wherein, the small companies are setting aside space for what are known as floater stations, or work areas shared by more than one staff.