<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://www.dhcres.com/blogs/Information-and-Updates/feed" rel="self" type="application/rss+xml"/><title>DHC Real Estate Services - Resources , Information and Updates</title><description>DHC Real Estate Services - Resources , Information and Updates</description><link>https://www.dhcres.com/blogs/Information-and-Updates</link><lastBuildDate>Wed, 29 Apr 2026 17:13:25 -0700</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[HAPPY HOLIDAYS!]]></title><link>https://www.dhcres.com/blogs/post/happy-holidays-2020</link><description><![CDATA[<img align="left" hspace="5" src="https://www.dhcres.com/2020 Holiday message cover image.png"/>What a crazy year this has been. On this wintery December, we wanted to send everyone our well wishes for a terrific holiday season.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div
 data-element-id="elm_lbUqyhwwqtBb00yVP0-MTA" data-element-type="section" class="zpsection "><style type="text/css"> [data-element-id="elm_lbUqyhwwqtBb00yVP0-MTA"].zpsection{ border-radius:1px; } </style><div style="display:none;"><video></video><div></div>
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 data-element-id="elm_5Dbwy_PQJuXYFzsgkuuIPQ" data-element-type="column" class="zpelem-col zpcol-md-8 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_5Dbwy_PQJuXYFzsgkuuIPQ"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_Zdj8_g7MU86GFy18gnMfeA" data-element-type="video" class="zpelement zpelem-video "><style type="text/css"> [data-element-id="elm_Zdj8_g7MU86GFy18gnMfeA"].zpelem-video{ border-radius:1px; } </style><div class="zpvideo-container zpiframe-align-left"><iframe class="zpvideo zp-pointer-events-no " width="560" height="315" src="//www.youtube.com/embed/A2zrz4oIq9Q" frameborder="0" allowfullscreen></iframe></div>
</div><div data-element-id="elm_rYS_kyM1CNw326BdBnZDng" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rYS_kyM1CNw326BdBnZDng"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;font-size:14px;"><span style="font-weight:bold;">BY JON LUTTWAK&nbsp;</span></span></p><p><span style="color:inherit;font-size:14px;">December 17, 2020&nbsp;</span><br></p></div>
</div><div data-element-id="elm_zcxT98zcZVKsrLzUY2-F9Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_zcxT98zcZVKsrLzUY2-F9Q"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-center " data-editor="true"><p style="text-align:left;"><span style="color:inherit;">In this strangest of December months - I want to wish everyone an incredible holiday season. 2020 Tested each of us, not just in the US but around the world. Let's thank all of those incredible frontline men and women of service who helped keep us all going and look forward to a time where we can gather again, in person, in 2021.</span><br></p></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Thu, 17 Dec 2020 15:41:00 -0500</pubDate></item><item><title><![CDATA[HOW WORKPLACE STRATEGY CAN INFLUENCE YOUR COMPANY'S SUCCESS]]></title><link>https://www.dhcres.com/blogs/post/Workplace</link><description><![CDATA[<img align="left" hspace="5" src="https://www.dhcres.com/files/blog-content/possibility for article 2.jpeg"/>When it comes to improving company morale and productivity, workplace strategy has become a hot topic. Workplace strategy is based around the idea that your office’s design, location, furniture, views, and layout can improve your business.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div
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</div><div class="zpcontainer"><div
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                type:fullscreen,
                theme:dark"><figure class="zpimage-data-ref"><a class="zpimage-anchor" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/files/blog-content/possibility%20for%20article%202.jpeg" size="original" alt="" title="" data-lightbox="true"/></picture></a></figure></div>
</div><div data-element-id="elm_7PP7Z5vPSsM6mJNa6M9CdA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_7PP7Z5vPSsM6mJNa6M9CdA"].zpelem-heading { border-radius:1px; margin-block-start:21px; } </style><h6
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:12px;">WRITTEN BY JONATHAN LUTTWAK</span></h6></div>
<div data-element-id="elm_jBUJP5NlqjQ8U8PuWoYC-w" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_jBUJP5NlqjQ8U8PuWoYC-w"].zpelem-text{ border-radius:1px; margin-block-start:-4px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="font-size:12px;">November 26, 2019</span></p></div>
</div><div data-element-id="elm_Mda8vCQ2QWSgTJUvyUnkIQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Mda8vCQ2QWSgTJUvyUnkIQ"].zpelem-text{ border-radius:1px; margin-block-start:4px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="font-size:16px;">When it comes to improving company morale and productivity, workplace strategy has become a hot topic. Workplace strategy is based around the idea that your office’s design, location, furniture, views, and layout can improve your business. It is the understanding that a workplace is more than where people work. It is a strategic decision with long-term implications that can help drive culture, support recruiting and retention goals, promote well-being, and influence behavior.</span></p><p><span style="font-size:16px;">&nbsp;</span></p><p><span style="color:inherit;font-size:16px;">One of the best ways to incorporate workplace strategy into your business model is by thinking about it early- long before you sign a commercial lease. This article will inform you on some of the ways an effective workplace strategy can improve your company, and some of the things to think about when incorporating these strategies into your office space.&nbsp;</span></p></div>
</div><div data-element-id="elm_eG5N22QDVyGHAT4NLC7flw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_eG5N22QDVyGHAT4NLC7flw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:28px;">What is workplace strategy?</span><br></h2></div>
<div data-element-id="elm_ScXA7ffTDuWvOC_3ns2T3g" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ScXA7ffTDuWvOC_3ns2T3g"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;font-size:16px;">Workplace strategy refers to the set of practices and techniques that use the physical design of an office to improve the workplace experience for employees. By carefully considering aspects of an office, such as the layout, equipment, or design, companies can see tangible improvements in their employees on an individual level, and in their business as a whole.</span><br></p></div>
</div><div data-element-id="elm__M5biTVBPT5x6F2zuNk0Dg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm__M5biTVBPT5x6F2zuNk0Dg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:28px;">Why You Should Care About Workplace Strategy</span><br></h2></div>
<div data-element-id="elm_pZnsnA6pL1XkvwOTy2HE9g" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_pZnsnA6pL1XkvwOTy2HE9g"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="font-size:16px;">In any enterprise, administrators are constantly looking for ways to reduce costs, increase their bottom line, improve employee recruitment and retention, and promote their company culture. So the question is - what is a way of doing that which will produce immediate, yet long term, results? Answer - Workplace strategy.<br></span></p><p><span style="font-size:16px;">&nbsp;</span></p><p><span style="font-size:16px;"><span style="color:inherit;">Studies show that today’s workforce places a <span style="font-weight:700;">huge emphasis</span> on their satisfaction with their workplace. People are spending more and more time at their jobs, and want to feel comfortable in the space in which they work. This matters to businesses because when employees are happy with their workplace, they are not only more likely to stay with the company longer, but they also tend to be more productive (and thus more profitable!).&nbsp;</span><br></span></p></div>
</div><div data-element-id="elm_bo3Ymz4O9bPxFR0a4OkBvQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_bo3Ymz4O9bPxFR0a4OkBvQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:20px;">Employee Productivity is Affected by The Workplace</span><br></h2></div>
<div data-element-id="elm_tDhTqBGH9tcbUnJ-VWpMBw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tDhTqBGH9tcbUnJ-VWpMBw"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="font-size:16px;">One of the most obvious benefits of implementing workplace strategy is that employees tend to be more productive. Workplace strategies aim to create an environment for employees that foster innovation, collaboration, and creativity. </span></p><p><span style="font-size:16px;">&nbsp;</span></p><p><span style="font-size:16px;">For example, one facet of your workplace strategy may be to implement conference rooms for employees. This will allow your employees to share ideas with one another, offer criticism, and come up with more creative solutions, allowing for a more collaborative, and thus productive, workforce. </span></p><p><span style="font-size:16px;">&nbsp;</span></p><p><span style="color:inherit;">Another workplace strategy that may improve employee productivity is the introduction of ergonomic seating. Ergonomic seating allows employees to be more comfortable, and thus more focused on their work, rather than their discomfort. In addition, it improves an employee's posture. According to the American Posture Institute, good posture can have an overwhelmingly positive effect on a person’s <a href="https://americanpostureinstitute.com/productivity-plummets-with-poor-posture/" rel="">productivity</a>.&nbsp;</span></p></div>
</div><div data-element-id="elm_dzXOzK4j0Z8r-RAkfZTjWQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_dzXOzK4j0Z8r-RAkfZTjWQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:20px;">Your Office Can Attract Potential Hires</span><br></h2></div>
<div data-element-id="elm_XbcQX89Q01yFMelFKwcqyA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_XbcQX89Q01yFMelFKwcqyA"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><p><span>When a potential hire attends an interview at your office, they are getting a firsthand look at what their physical workplace could be. Because of this, your office should not only reflect your company’s values, but also should come across as a desirable workplace. </span></p><p>&nbsp;</p><p></p><p></p><p><span style="color:inherit;">A way of coupling your workplace and recruitment strategies is by using your physical space to relay the message of what your company stands for. Use furniture, design, and even a color scheme to tell a story about your business to outsiders. By doing this, potential hires will have an instant idea of whether your office is somewhere they can see themselves fitting in.&nbsp;</span></p></span></div>
</div><div data-element-id="elm_SfrRLmfbsVFxE-avUHspzw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_SfrRLmfbsVFxE-avUHspzw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:20px;">Implementing a Workplace Strategy Can Reduce Your Company’s Costs and Expenses</span><br></h2></div>
<div data-element-id="elm_4ANSbI7ONtwdZ0xMr_OIOQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_4ANSbI7ONtwdZ0xMr_OIOQ"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="font-size:16px;">Productive employees, and increased employee recruitment and retention are not only good for the success of an enterprise, but also works to reduce costs and expenses. When employees are more productive, more tasks are completed, less time on the clock is wasted, and thus companies save money. </span></p><p><span style="font-size:16px;">&nbsp;</span></p><p><span style="font-size:16px;">One of the major assets for a company is its personnel. Losing employees is a cost for businesses, as it is expensive to both recruit and train new talent. Retaining valuable employees not only makes your HR team’s lives easier, but also reduces the costs that would be put in to recruitment. </span></p><p><span style="font-size:16px;">&nbsp;</span></p><p><span style="font-size:16px;">There are also more tangible workplace strategies that help your business mitigate expenses. For example, by opting for an open floor plan layout, companies can save money on clunky desks and cubicles, and have less square footage per employee. </span></p><p><span style="font-size:16px;">&nbsp;</span></p><p><span style="color:inherit;font-size:16px;">Overall, the ability of your workplace strategy to reduce company costs and expenses is dependent on how well thought out it is. By coming up with an efficient set of workplace strategies and carrying them out when you first move into your space, you’ll reduce the need for changes after the fact. Conversely, deciding to implement effective workplace strategies in your office later down the road will require a lot more work, and thus increase cost.&nbsp;</span></p></div>
</div><div data-element-id="elm_kVW6su0pZcnzyvfUz4XLFA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_kVW6su0pZcnzyvfUz4XLFA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;"><p><span style="font-size:20px;">It Helps to Promote Your Company’s Culture</span><br></p></span></h2></div>
<div data-element-id="elm_BYIlVTXZl8o3qBDglr-vkQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_BYIlVTXZl8o3qBDglr-vkQ"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;"><span style="font-size:11pt;"><span style="font-size:16px;">Lastly, a comprehensive workplace strategy helps to promote your company’s culture to both employees and your target demographic. For an enterprise to be successful, its values and mission need to be clear. By customizing your office to align with your culture through workplace strategies, employees have a better sense of who they work for, and are able to promote your company in a positive light.</span>&nbsp;</span></span></p></div>
</div><div data-element-id="elm_UVAv7vmE8nveIDsD808adg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_UVAv7vmE8nveIDsD808adg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:28px;">Conclusion</span><br></h2></div>
<div data-element-id="elm_QBdzwTEBHnCL-WVw3IuYeQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_QBdzwTEBHnCL-WVw3IuYeQ"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;">Workplace strategy has the power to completely transform an enterprise. Employees and companies directly benefit when office space is thought about strategically. For help with workplace strategies or finding smart office space, <a href="mailto:general@dhcres.com?subject=" rel="">reach out</a> to a broker at DHC.</span></p></div>
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</div></div></div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 11 Nov 2020 01:12:11 -0500</pubDate></item><item><title><![CDATA[HOW MUCH SPACE DOES YOUR COMPANY REALLY NEED?]]></title><link>https://www.dhcres.com/blogs/post/How-Much-Space</link><description><![CDATA[<img align="left" hspace="5" src="https://www.dhcres.com/files/blog-content/image1.jpg"/>When touring potential commercial properties for your business, the amount of space you need is one of the biggest considerations. Your space will play a huge part in the way your company operates, but also carries a heavy weight as your business will likely be spending years in the same office.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div
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</div><div data-element-id="elm_KVjsaO5hI8GQe7f72uVfzg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_KVjsaO5hI8GQe7f72uVfzg"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:6px;"><span style="color:inherit;"><div><span style="color:inherit;font-size:16px;"><div><span style="color:inherit;font-size:16px;"><p>When touring potential commercial properties for your business, the amount of space you need is one of the biggest considerations. Your space will play a huge part in the way your company operates, but also carries a heavy weight as your business will likely be spending years in the same office.</p><p>&nbsp;</p></span><span style="color:inherit;font-size:12px;"><span style="color:inherit;font-size:16px;"><span style="color:inherit;"><div><span style="color:inherit;font-size:16px;">There are numerous factors that play in to how much space your company needs, whether it is how big your offices will be or what type of shared spaces you will include. Here are some of the key things to think about when considering your company’s future workspace.</span><span style="color:inherit;">&nbsp;</span><br></div></span></span></span></div></span></div></span></div></div>
</div><div data-element-id="elm_eo019vydKinS5lUpAnv8iA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_eo019vydKinS5lUpAnv8iA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;"><p style="margin-bottom:6pt;"><span style="font-size:28px;">Things to Think About When Envisioning Your Future Office</span></p></span></h2></div>
<div data-element-id="elm_7VEpsZouy4BqdwYdalhhbQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_7VEpsZouy4BqdwYdalhhbQ"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:6px;"><span style="color:inherit;"><span style="color:inherit;"><div><span style="color:inherit;"><span style="color:inherit;font-size:16px;"><p>One of the most exciting parts of starting a business, or watching one grow, is envisioning the workplace that will house your people while they are helping you build. As any successful business owner knows, a company’s success is largely reliant on envisioning its future.</p><p>&nbsp;</p><p>Such is the case when it comes to commercial leases. A commercial lease is a long term commitment. In fact, most landlords require a minimum of at least three to five years for a lease, and some leases may even last up to 20 years. </p><p>&nbsp;</p></span><span style="color:inherit;font-size:16px;"><div><span style="font-size:16px;color:inherit;">Because of this, it is imperative that business owners take the time to appropriately plan for the future of their business. Your workplace has a substantial effect on your employees’ well-being, productivity, and the overall success of your business. You have to think about where your employees will work, what that space will look like, and how it might need to change over time.&nbsp;</span><span style="color:inherit;">&nbsp;</span><br></div></span></span></div></span></span></div></div>
</div><div data-element-id="elm_-BdJlM6LUWAhKrNs5jUMDg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_-BdJlM6LUWAhKrNs5jUMDg"].zpelem-heading { border-radius:1px; margin-block-start:12px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><p style="margin-bottom:4pt;"><span style="font-size:20px;">What is the right layout for your business?</span></p></h3></div>
<div data-element-id="elm_sQKcOomltWmOo2OWs9_BlA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_sQKcOomltWmOo2OWs9_BlA"].zpelem-text{ border-radius:1px; margin-block-start:11px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div><span style="color:inherit;"><div><span style="color:inherit;font-size:16px;"><p>When it comes to office layouts, there are many considerations. Will your space be office intensive or an open floor plan? Will there be <span style="background-color:rgb(255, 255, 255);">trading and open desks or cubicles? It</span> all depends on what the culture of your company is and your commitment to providing the best possible set-up for your employees to be most productive.</p><p>&nbsp;</p>We recommend a solution that incorporates aspects of all types of office layouts. Allow for some parts of the office to have cubicles and private offices, while others have open desks. This allows for the privacy and focused nature of office intensive spaces, but also the positive effects of collaboration in an open floor plan.&nbsp;</span><br></div></span></div></span></div>
</div><div data-element-id="elm_P2Fng3Nw2fsXqVo1vgAtUQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_P2Fng3Nw2fsXqVo1vgAtUQ"].zpelem-heading { border-radius:1px; margin-block-start:12px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;"><p style="margin-bottom:4pt;"><span style="font-size:20px;">More Than Just Desks, Offices, and Conference Rooms</span></p></span></h3></div>
<div data-element-id="elm_uMlVJ34IZeQit7cOzOIFEA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_uMlVJ34IZeQit7cOzOIFEA"].zpelem-text{ border-radius:1px; margin-block-start:20px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><br></span></div>
</div><div data-element-id="elm_qZ2T2TWQCOa7JrSN3BK27A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qZ2T2TWQCOa7JrSN3BK27A"].zpelem-text{ border-radius:1px; margin-block-start:-43px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div><span style="color:inherit;"><div><span style="font-size:16px;"><span style="color:inherit;">During your search for a commercial space, it is easy to place the most emphasis on how many desks your space will need, or how the office will be laid out. However, there are other types of office spaces, such as collaboration areas and community spaces that also add life to an office.</span><br></span></div><div><span style="color:inherit;font-size:16px;"><p>&nbsp;</p>For some companies, it may be ideal to find a raw office space and customize it to the unique needs of your business. For others, it may be a better idea to consider Co-working and Space-as-a-Service providers to be your company’s home. In these types of space solutions, companies have access to shared areas, such as breakout areas or phone booths, without having to pay rent on excess space or sign a multi-year lease commitment.</span><span style="color:inherit;"><br></span></div></span></div></span></div>
</div><div data-element-id="elm_JIWnjuvA1TPFhlyuqfzOWA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_JIWnjuvA1TPFhlyuqfzOWA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:28px;">Office Space by Square Footage per Employee</span></h2></div>
<div data-element-id="elm_5VaT3UvtWmHIDKW2CLPkGA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_5VaT3UvtWmHIDKW2CLPkGA"].zpelem-text{ border-radius:1px; margin-block-start:2px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div><span style="color:inherit;"><div>In commercial real estate, the amount of space a company needs is determined by square footage per employee.&nbsp; This means that business owners must think about how much space each employee needs to be satisfied and productive, which includes not only their work station, but also shared spaces they will utilize.&nbsp; It also means you mush think about your company's future growth in terms of employees and how that will affect your space.</div><div><br></div><div>Square footage is usually broken down into three categories - rentable, usable, and carpetable.&nbsp; Rentable square footage includes the usable space, plus common areas of the building such as the lobby.&nbsp; Rentable square footage determines how much you pay in rent.&nbsp; Usable square footage is the space that you actually occupy, not including common areas.</div><div><br></div><div>Carpetable square footage, on the other hand, accounts for the space that will be used for workstations, conference rooms, offices, and amenity areas.&nbsp; This is considered the most precise square footage,&nbsp; It accurately accounts for how much space you will need for your employees and is consistent in every city and market.&nbsp; When figuring how much space your company needs, it is wise to rely on carpetable square footage.</div></span></div></span></div>
</div><div data-element-id="elm_HqHLTiCToC62xZ4iJju0JA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_HqHLTiCToC62xZ4iJju0JA"].zpelem-heading { border-radius:1px; margin-block-start:12px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;"><p style="margin-bottom:4pt;"><span style="color:inherit;font-size:20px;">How many offices, desks, cubes, or trading positions are right for your people?</span><br></p></span></h3></div>
<div data-element-id="elm_WrombUstyFOMG6qAwZv15Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_WrombUstyFOMG6qAwZv15Q"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:6px;"><span style="color:inherit;"><span style="color:inherit;font-size:16px;"><span style="color:inherit;font-size:16px;"><div><span style="color:inherit;font-size:16px;"><p>The first step in determining the optimal square footage for your workplace is figuring out how many employees you have, what type of workstation they need, and how much space the appropriate furniture will take up. </p><p>&nbsp;</p><p>When it comes to making these determinations, it takes a team of experts. That team will include your broker, architects, engineers, and even furniture vendors. These professionals will help you think about space in terms of square footage, and how much space furniture, such as desks, will take up in your office space. </p><p>&nbsp;</p><p><span style="color:inherit;">For example, a typical private office is 120 carpetable square feet, while a typical trading desk is 36 square feet. As a result, 120 carpetable square feet allows you to house almost four employees.&nbsp;Conversely, this same footprint is used for only one private office. Our team will be able to help you put these numbers together.</span></p></span></div></span></span></span></div></div>
</div><div data-element-id="elm_lSLT6-yZICkS_gEBqquezQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_lSLT6-yZICkS_gEBqquezQ"].zpelem-heading { border-radius:1px; margin-block-start:12px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;"><p style="margin-bottom:4pt;"><span style="color:inherit;font-size:20px;">Shared or Amenitized Spaces</span><br></p></span></h3></div>
<div data-element-id="elm_eQqHDHnWc0mpIWqond8VfA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_eQqHDHnWc0mpIWqond8VfA"].zpelem-text{ border-radius:1px; margin-block-start:8px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:6px;"><span style="color:inherit;"><span style="color:inherit;font-size:16px;"><span style="color:inherit;font-size:16px;"><span style="color:inherit;font-size:16px;"><div style="font-size:6px;"><span style="color:inherit;"><span style="color:inherit;font-size:16px;"><span style="color:inherit;"><span style="color:inherit;"><p><span style="font-size:16px;">As previously mentioned, offices are made up of more than cubicles and conference rooms. Most modern day offices include space for breakout sessions, pantries, wellness rooms, phone booths, and break rooms. </span></p><p><span style="font-size:16px;">&nbsp;</span></p><p><span style="color:inherit;font-size:16px;">If you are truly committed to your employees’ office experience, you may consider more unique amenities, such as gyms, kitchens, private showers, and even golf simulators. These considerations are all part of your workplace strategy and can be further discussed with your broker.</span><br></p></span></span></span></span></div></span></span></span></span></div></div>
</div><div data-element-id="elm_fyAooLPuXCEOSl1BYt1GRA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_fyAooLPuXCEOSl1BYt1GRA"].zpelem-text{ border-radius:1px; margin-block-start:14px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><br></p></div>
</div><div data-element-id="elm_rj4YJhevAfFtPp3ZdRfb6Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_rj4YJhevAfFtPp3ZdRfb6Q"].zpelem-heading { border-radius:1px; margin-block-start:-30px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:28px;">Conclusion</span></h2></div>
<div data-element-id="elm_ftcX1DyGFutRfSpWUiyi5A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ftcX1DyGFutRfSpWUiyi5A"].zpelem-text{ border-radius:1px; margin-block-start:20px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><p>Every real estate search should start with a clearly defined program.&nbsp;Every enterprise, small and large, should take the time early in the process to get a clear understanding of their real estate needs. It is not just a space for people and meeting rooms.&nbsp;</p><p>&nbsp;</p><p><span>Start by building a team to work with you on the requirement.&nbsp;If you are a larger user, bringing on a great architect or workplace strategy consultant early in the process is important. Your team should also include key internal stakeholders so there is buy-in and consensus early in the process.&nbsp;In some instances, furniture vendors can also be helpful in thinking about creative ways to utilize space. </span></p><p>&nbsp;</p><p><span style="color:inherit;">If you would like help, input and guidance with working through your space program, or seeking a recommendation for architects, furniture vendors, or workplace strategy consultant, please<span style="font-weight:700;">&nbsp;</span><span style="font-weight:700;"><a href="mailto:info@dhcres.com?subject=" rel="">reach out</a></span> to a member of our team.&nbsp;</span></p></span></div>
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<div data-element-id="elm_FjijsM5HTmLuZV95uDksdQ" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;">Continuing learning about the specific of Commercial Real Estate in NYC with these next few articles.</span><br></p></div>
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</div><div data-element-id="elm_EsYyq_3RH-BqXUVdthsLQg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_EsYyq_3RH-BqXUVdthsLQg"].zpelem-heading { border-radius:1px; margin-block-start:3px; } </style><h5
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:18px;">DOES CO-WORKING SURVIVE? NOT IN ITS' CURRENT FORM</span><br></h5></div>
<div data-element-id="elm_ptEeMnLDeX0-zre7hk5Ayg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ptEeMnLDeX0-zre7hk5Ayg"].zpelem-text{ line-height:24px; border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;font-size:14px;">Every day we see new predictions of WeWork’s demise. Articles with headlines like “Is Coronavirus the Knockout...</span><br></p></div>
</div><div data-element-id="elm_2Jg3mxmd6zbgQL63UowzwA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_2Jg3mxmd6zbgQL63UowzwA"].zpelem-button{ color:#6CBE45 ; border-radius:1px; margin-block-start:15px; } </style><div class="zpbutton-container zpbutton-align-left"><style type="text/css"> [data-element-id="elm_2Jg3mxmd6zbgQL63UowzwA"] .zpbutton.zpbutton-type-link{ color:#6CBE45 ; } </style><a class="zpbutton-wrapper zpbutton zpbutton-type-link zpbutton-size-md zpbutton-icon-align-right " href="https://www.dhcres.com/blogs/post/does-co-working-survive-not-in-ts-current-form"><span class="zpbutton-icon "><svg viewBox="0 511 1728 769" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><path d="M1728,893 C1728,902.333333 1724.66667,910.333333 1718,917 L1334,1271 C1323.33333,1280.33333 1311.66667,1282.33333 1299,1277 C1286.33333,1271 1280,1261.33333 1280,1248 L1280,1024 L32,1024 C22.6666667,1024 15,1021 9,1015 C3,1009 0,1001.33333 0,992 L0,800 C0,790.666667 3,783 9,777 C15,771 22.6666667,768 32,768 L1280,768 L1280,544 C1280,530 1286.33333,520.333333 1299,515 C1311.66667,509.666667 1323.33333,511.333333 1334,520 L1718,870 C1724.66667,876.666667 1728,884.333333 1728,893 L1728,893 Z"></path></svg></span><span class="zpbutton-content">READ MORE</span></a></div>
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</div><div data-element-id="elm_3DCVqiC9UMFUozgzTSfRMQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_3DCVqiC9UMFUozgzTSfRMQ"].zpelem-heading { border-radius:1px; margin-block-start:7px; } </style><h5
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:18px;">SHOULD I SIGN A GOOD GUY GUARANTEE?</span><br></h5></div>
<div data-element-id="elm_XCQOilmei1h7kfpNbKJNcA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_XCQOilmei1h7kfpNbKJNcA"].zpelem-text{ line-height:24px; border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;"><span style="font-size:14px;">A ‘good guy’ guarantee is a special type of personal guarantee that provides protection to landlords in the event...</span></span><br></p></div>
</div><div data-element-id="elm_v1lDTeD1kG7--AeSE_tXPw" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_v1lDTeD1kG7--AeSE_tXPw"].zpelem-button{ color:#6CBE45 ; border-radius:1px; margin-block-start:9px; } </style><div class="zpbutton-container zpbutton-align-left"><style type="text/css"> [data-element-id="elm_v1lDTeD1kG7--AeSE_tXPw"] .zpbutton.zpbutton-type-link{ color:#6CBE45 ; } </style><a class="zpbutton-wrapper zpbutton zpbutton-type-link zpbutton-size-md zpbutton-icon-align-right " href="https://www.dhcres.com/blogs/post/should-i-sign-a-good-guy-guarantee"><span class="zpbutton-icon "><svg viewBox="0 511 1728 769" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><path d="M1728,893 C1728,902.333333 1724.66667,910.333333 1718,917 L1334,1271 C1323.33333,1280.33333 1311.66667,1282.33333 1299,1277 C1286.33333,1271 1280,1261.33333 1280,1248 L1280,1024 L32,1024 C22.6666667,1024 15,1021 9,1015 C3,1009 0,1001.33333 0,992 L0,800 C0,790.666667 3,783 9,777 C15,771 22.6666667,768 32,768 L1280,768 L1280,544 C1280,530 1286.33333,520.333333 1299,515 C1311.66667,509.666667 1323.33333,511.333333 1334,520 L1718,870 C1724.66667,876.666667 1728,884.333333 1728,893 L1728,893 Z"></path></svg></span><span class="zpbutton-content">READ MORE</span></a></div>
</div></div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 10 Nov 2020 18:57:15 -0500</pubDate></item><item><title><![CDATA[EMILY ERLENBACH JOINING DHC REAL ESTATE SERVICES]]></title><link>https://www.dhcres.com/blogs/post/DHC_HOH_Emily</link><description><![CDATA[<img align="left" hspace="5" src="https://www.dhcres.com/files/blog-content/Em profile  -3-.jpg"/>October 19, 2020 I am thrilled to announce that Emily Erlenbach is officially joining DHC's growing team. Emily recently completed a six-week fellowship with us through the U.S. Chamber of Commerce MilSpouse Fellowship Program.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div
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 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:12px;">WRITTEN BY JONATHAN LUTTWAK</span></h6></div>
<div data-element-id="elm_qzTm7amNp9-m8wI0IvFHPA" data-element-type="imagetext" class="zpelement zpelem-imagetext "><style> @media (max-width: 992px) and (min-width: 768px) { [data-element-id="elm_qzTm7amNp9-m8wI0IvFHPA"] .zpimagetext-container figure img { } } @media (max-width: 767px) { [data-element-id="elm_qzTm7amNp9-m8wI0IvFHPA"] .zpimagetext-container figure img { } } [data-element-id="elm_qzTm7amNp9-m8wI0IvFHPA"].zpelem-imagetext{ border-radius:1px; } </style><div data-size-tablet="" data-size-mobile="" data-align="left" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimagetext-container zpimage-with-text-container zpimage-align-left zpimage-size-original zpimage-tablet-fallback-original zpimage-mobile-fallback-original hb-lightbox " data-lightbox-options="
            type:fullscreen,
            theme:dark"><figure class="zpimage-data-ref"><a class="zpimage-anchor" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/files/blog-content/Em%20profile%20%20-3-.jpg" size="original" alt="" title="" data-lightbox="true" style="height:207px;width:242.72px;"/></picture></a></figure><div class="zpimage-text zpimage-text-align-left " data-editor="true"><p style="outline:none 0px;font-size:16px;"><span style="outline:none 0px;font-size:11pt;">I am thrilled to announce that Emily Erlenbach is official<span style="text-decoration-line:underline;">l</span>y joining DHC's growing team. Emily recently completed a six-week fellowship with us through the&nbsp;</span><a href="https://www.hiringourheroes.org/fellowships/spousefellows/"><span style="font-size:11pt;">U.S. Chamber of Commerce MilSpouse Fellowship Program</span></a><span style="font-size:11pt;">. Many thanks to the team at Hiring Our Heroes for the great work they continue to do. They are not only giving back to our veterans and their families; they are helping businesses.&nbsp;</span></p><p style="font-size:16px;"><span style="font-size:11pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span></p><p style="font-size:16px;"><span style="font-size:11pt;">As a combat veteran, I have witnessed firsthand the incredible potential, talent, values, and selflessness of our military spouse community. Our firm is looking forward to more opportunities to grow the team by hiring veterans, their families, and others who have served our nation and each other. It is not just about doing the right thing; we firmly believe that the men and women who serve and the families who serve alongside them are an incredible asset to any organization.&nbsp;</span></p><p style="font-size:16px;"><span style="font-size:11pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span></p><p style="font-size:16px;"><span style="color:inherit;"></span></p><p style="font-size:16px;"><span style="font-size:11pt;">The men and women of our military know that when they serve, their families do too. Our military spouses take care of everything that has to happen for a family at home, often by themselves, supporting their loved one through numerous deployments and changes in duty stations. For many, that sacrifice means setting aside career ambitions due to the frequent moves required during military service. As a military spouse and mother of two young children, Emily knows what it means to serve. We are thrilled to have her and look forward to her contributions and&nbsp;growth.</span></p></div>
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 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div><span style="color:inherit;">INTERESTED IN </span><span style="color:rgb(248, 204, 15);">READING MORE?</span></div></h2></div>
<div data-element-id="elm_0VyJJfNNGCyXVmu31tnzWQ" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;">Continuing learning about the specific of Commercial Real Estate in NYC with these next few articles.</span><br></p></div>
</div><div data-element-id="elm_t_TFNhluXA9iFfGBYc29aQ" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_t_TFNhluXA9iFfGBYc29aQ"].zpelem-button{ color:#6CBE45 ; border-radius:1px; margin-block-start:14px; } </style><div class="zpbutton-container zpbutton-align-left"><style type="text/css"> [data-element-id="elm_t_TFNhluXA9iFfGBYc29aQ"] .zpbutton.zpbutton-type-link{ color:#6CBE45 ; } </style><a class="zpbutton-wrapper zpbutton zpbutton-type-link zpbutton-size-md zpbutton-icon-align-right " href="/blogs"><span class="zpbutton-icon "><svg viewBox="0 511 1728 769" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><path d="M1728,893 C1728,902.333333 1724.66667,910.333333 1718,917 L1334,1271 C1323.33333,1280.33333 1311.66667,1282.33333 1299,1277 C1286.33333,1271 1280,1261.33333 1280,1248 L1280,1024 L32,1024 C22.6666667,1024 15,1021 9,1015 C3,1009 0,1001.33333 0,992 L0,800 C0,790.666667 3,783 9,777 C15,771 22.6666667,768 32,768 L1280,768 L1280,544 C1280,530 1286.33333,520.333333 1299,515 C1311.66667,509.666667 1323.33333,511.333333 1334,520 L1718,870 C1724.66667,876.666667 1728,884.333333 1728,893 L1728,893 Z"></path></svg></span><span class="zpbutton-content">SEE MORE ARTICLES</span></a></div>
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</div><div data-element-id="elm_KPkklDAXIM0q4xlVdo0yLQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_KPkklDAXIM0q4xlVdo0yLQ"].zpelem-heading { border-radius:1px; margin-block-start:3px; } </style><h5
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:18px;">DOES CO-WORKING SURVIVE? NOT IN ITS' CURRENT FORM</span><br></h5></div>
<div data-element-id="elm_KaoXXq6jIkeint1vUN2S9A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_KaoXXq6jIkeint1vUN2S9A"].zpelem-text{ line-height:24px; border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;font-size:14px;">Every day we see new predictions of WeWork’s demise. Articles with headlines like “Is Coronavirus the Knockout...</span><br></p></div>
</div><div data-element-id="elm_JT6rlBC-g0jSrUE2jbifpQ" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_JT6rlBC-g0jSrUE2jbifpQ"].zpelem-button{ color:#6CBE45 ; border-radius:1px; margin-block-start:15px; } </style><div class="zpbutton-container zpbutton-align-left"><style type="text/css"> [data-element-id="elm_JT6rlBC-g0jSrUE2jbifpQ"] .zpbutton.zpbutton-type-link{ color:#6CBE45 ; } </style><a class="zpbutton-wrapper zpbutton zpbutton-type-link zpbutton-size-md zpbutton-icon-align-right " href="https://www.dhcres.com/blogs/post/does-co-working-survive-not-in-ts-current-form"><span class="zpbutton-icon "><svg viewBox="0 511 1728 769" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><path d="M1728,893 C1728,902.333333 1724.66667,910.333333 1718,917 L1334,1271 C1323.33333,1280.33333 1311.66667,1282.33333 1299,1277 C1286.33333,1271 1280,1261.33333 1280,1248 L1280,1024 L32,1024 C22.6666667,1024 15,1021 9,1015 C3,1009 0,1001.33333 0,992 L0,800 C0,790.666667 3,783 9,777 C15,771 22.6666667,768 32,768 L1280,768 L1280,544 C1280,530 1286.33333,520.333333 1299,515 C1311.66667,509.666667 1323.33333,511.333333 1334,520 L1718,870 C1724.66667,876.666667 1728,884.333333 1728,893 L1728,893 Z"></path></svg></span><span class="zpbutton-content">READ MORE</span></a></div>
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</div><div data-element-id="elm_eJ0b5NYmRrcN1tvx0wvZ-A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_eJ0b5NYmRrcN1tvx0wvZ-A"].zpelem-heading { border-radius:1px; margin-block-start:7px; } </style><h5
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:18px;">SHOULD I SIGN A GOOD GUY GUARANTEE?</span><br></h5></div>
<div data-element-id="elm_jAQCjQ3VRqSJtMtMX6gpUQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_jAQCjQ3VRqSJtMtMX6gpUQ"].zpelem-text{ line-height:24px; border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;"><span style="font-size:14px;">A ‘good guy’ guarantee is a special type of personal guarantee that provides protection to landlords in the event...</span></span><br></p></div>
</div><div data-element-id="elm_VABiM8b2j3ZXqOJ1cR21vg" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_VABiM8b2j3ZXqOJ1cR21vg"].zpelem-button{ color:#6CBE45 ; border-radius:1px; margin-block-start:9px; } </style><div class="zpbutton-container zpbutton-align-left"><style type="text/css"> [data-element-id="elm_VABiM8b2j3ZXqOJ1cR21vg"] .zpbutton.zpbutton-type-link{ color:#6CBE45 ; } </style><a class="zpbutton-wrapper zpbutton zpbutton-type-link zpbutton-size-md zpbutton-icon-align-right " href="https://www.dhcres.com/blogs/post/should-i-sign-a-good-guy-guarantee"><span class="zpbutton-icon "><svg viewBox="0 511 1728 769" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><path d="M1728,893 C1728,902.333333 1724.66667,910.333333 1718,917 L1334,1271 C1323.33333,1280.33333 1311.66667,1282.33333 1299,1277 C1286.33333,1271 1280,1261.33333 1280,1248 L1280,1024 L32,1024 C22.6666667,1024 15,1021 9,1015 C3,1009 0,1001.33333 0,992 L0,800 C0,790.666667 3,783 9,777 C15,771 22.6666667,768 32,768 L1280,768 L1280,544 C1280,530 1286.33333,520.333333 1299,515 C1311.66667,509.666667 1323.33333,511.333333 1334,520 L1718,870 C1724.66667,876.666667 1728,884.333333 1728,893 L1728,893 Z"></path></svg></span><span class="zpbutton-content">READ MORE</span></a></div>
</div></div></div></div></div></div></div> ]]></content:encoded><pubDate>Mon, 19 Oct 2020 15:51:24 -0400</pubDate></item><item><title><![CDATA[SHOULD I SIGN A 'GOOD GUY' GUARANTEE?]]></title><link>https://www.dhcres.com/blogs/post/should-i-sign-a-good-guy-guarantee</link><description><![CDATA[<img align="left" hspace="5" src="https://www.dhcres.com/files/blog-content/ggg.png"/>A ‘good guy’ guarantee is a special type of personal guarantee that provides protection to landlords in the event a tenant goes into default or is otherwise unable to continue.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div
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</div><div data-element-id="elm_u6TRdINc-3HEvu0ZkTTcXA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_u6TRdINc-3HEvu0ZkTTcXA"].zpelem-heading { border-radius:1px; margin-block-start:23px; } </style><h6
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:12px;">WRITTEN BY JONATHAN LUTTWAK</span></h6></div>
<div data-element-id="elm_E_YrJDJ0QGkh2igBv5oolA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_E_YrJDJ0QGkh2igBv5oolA"].zpelem-text{ border-radius:1px; margin-block-start:-2px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="font-size:12px;">Aug. 26, 2020&nbsp;</span><br></p></div>
</div><div data-element-id="elm_CO2nti_Twq8GzdnZfGi9Cw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_CO2nti_Twq8GzdnZfGi9Cw"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:6px;"><span style="color:inherit;font-size:16px;"><div><span style="color:inherit;">When negotiating a commercial real estate lease for office space, you may be asked by a landlord to agree to a ‘good guy’ guarantee. This ‘good guy’ guarantee is a special type of personal guarantee that provides protection to landlords in the event a tenant goes into default or is otherwise unable to continue.&nbsp;</span><br></div><div><span style="color:inherit;"><div><span style="color:inherit;"><br></span></div><div><span style="color:inherit;">While a ‘good guy’ guarantee is a type of personal guarantee, it only goes into effect under certain conditions and has a specific purpose, that of ensuring a tenant that is in default vacates the premises. While it may seem onerous, subject to how it is written, financial strength of the tenant’s business, and proposed security deposit amount, it is often reasonable for a landlord to ask for a ‘good guy’ guarantee and appropriate for a tenant to sign it.&nbsp;</span></div><div><span style="color:inherit;"><br></span></div><div><span style="color:inherit;">This article will help tenants and landlords better understand the nuances of the ‘good guy’ guarantee, what it does, what risks it imposes on the guarantor, and under what circumstances it should be included in a commercial lease negotiation.</span></div></span></div></span></div></div>
</div><div data-element-id="elm_HJUtqIvJwjtpo-CRhs9u3A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_HJUtqIvJwjtpo-CRhs9u3A"].zpelem-heading { border-radius:1px; margin-block-start:29px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:28px;">What Is A 'Good Guy' Guarantee?</span><br></h2></div>
<div data-element-id="elm_47qLWGzFx1pOV78r4yqRUQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_47qLWGzFx1pOV78r4yqRUQ"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><span style="color:inherit;">A “good guy guarantee” is a type of conditional personal guarantee. We describe it as conditional because it only goes into effect if a tenant that is in default fails to provide the required notice and vacate. The name is derived with the idea that a ‘good’ market participant should provide notice and vacate if they are going to ultimately default on the lease. Failing this, the guarantor, traditionally an officer or principal of the business signing the lease, assumes personal liability for the entire lease obligation.&nbsp;</span><br></div><div><span style="color:inherit;"><span style="color:inherit;"><span style="color:inherit;"><div><span style="color:inherit;"><br></span></div><div><span style="color:inherit;">Therefore the ‘good guy’ guarantee incentivizes tenants to vacate the premises while providing appropriate notice to the landlord to avoid taking on personal recourse.&nbsp; Most good guy guarantees ask that the tenant give the landlord some notice, stay current through that notice period, and then vacate the premises in the condition specified in the lease document.&nbsp;</span></div><div><span style="color:inherit;"><br></span></div><div><span style="color:inherit;">The key here is that a ‘good guy’ guarantee is conditional. As long as the Tenant vacates the Premises and is current through the notice period, then the landlord has no personal recourse against the principals or officers.&nbsp;</span></div><div><span style="color:inherit;"><br></span></div><div><span style="color:inherit;">The good guy guarantee is a short legal document and the language is negotiated by legal counsel.&nbsp;</span></div></span></span></span></div></div>
</div><div data-element-id="elm_-51_QDIiLQZyuoSLgGk9Qw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_-51_QDIiLQZyuoSLgGk9Qw"].zpelem-heading { border-radius:1px; margin-block-start:31px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:20px;"><div>How Is A Good Guy Guarantee Different Than A Personal Guarantee?</div></span></h3></div>
<div data-element-id="elm_eg6txp2LQyCg5qziT-GTjg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_eg6txp2LQyCg5qziT-GTjg"].zpelem-text{ border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div>While a ‘good guy’ guarantee is a type of personal guarantee, meaning that a principal or officer of the firm that signs it is effectively providing a personal guarantee and therefore personal liability for the entire lease obligation, it is entirely conditional.&nbsp; As long as sufficient notice is provided, the rent is current through that notice period, and the business vacates and leaves the space in an appropriate condition, the guarantee is effectively terminated.&nbsp;</div><div><span style="color:inherit;"><br></span></div><div><span style="color:inherit;">In a traditional personal guarantee, if the business is unable to fulfill the entire lease obligation, then the guarantor becomes personally liable for the entire lease obligation. Especially if a lease is terminated early, the liability may be significant and can result in the principal’s personal assets being at risk. Given the personal nature of this risk, most tenant brokers warn against tenants signing a personal guarantee.&nbsp;</span></div></span></div>
</div><div data-element-id="elm_BHLazserC7wed1PLN60oYA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_BHLazserC7wed1PLN60oYA"].zpelem-heading { border-radius:1px; margin-block-start:25px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:20px;"><div>How Does A Good Guy Guarantee Benefit Landlords?</div></span></h3></div>
<div data-element-id="elm_peyI9sbjAiO_NCI9d4J9Fw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_peyI9sbjAiO_NCI9d4J9Fw"].zpelem-text{ border-radius:1px; margin-block-start:18px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div>Designed mainly to reduce holdover and squatting risk for landlords, the good guy guarantee ensures that landlords are protected in the event a tenant cannot pay the rent for the remainder of the lease. Good guy guarantees are typically requested during lease negotiations following review of proposed Tenant Financials.&nbsp; In some cases, offering a “good guy” guarantee can be a means of reducing the total amount of security deposit.&nbsp;</div><div><span style="color:inherit;"><br></span></div><div><span style="color:inherit;">Without the presence of the good guy guarantee, a landlord may have to resort to legal proceedings to evict a tenant who isn’t up to date with their rent. Especially in New York, evictions are costly for landlords and means they incur more downtime and legal fees.&nbsp; The time spent evicting a problematic tenant could be spent collecting rent from a new tenant. Adding the prospect of personal liability forces market participants to provide notice and vacate.</span></div></span></div>
</div><div data-element-id="elm_gulB4JPujUVVpztmHIvvaQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_gulB4JPujUVVpztmHIvvaQ"].zpelem-heading { border-radius:1px; margin-block-start:22px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:20px;"><div>What Is The Impact Of A Good Guy Guarantee On A Tenant?</div></span></h3></div>
<div data-element-id="elm_VjTeuKMQ9Y_LNjfJhoWLvg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_VjTeuKMQ9Y_LNjfJhoWLvg"].zpelem-text{ border-radius:1px; margin-block-start:20px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div>While no one appreciates the notion of taking on any personal recourse, a ‘good guy’ is not an unusual ask in New York and is far more favorable to a traditional personal guarantee. In the event that the lease obligation becomes untenable or the business winds down, as long as you give the landlord notice, and leave the space in good condition, you only have to pay the rent up until you vacate the premises and the risk is limited to the security deposit.&nbsp;</div><div><span style="color:inherit;"><br></span></div><div><span style="color:inherit;">One important thing of note is that this does not mean a commercial entity can simply provide notice and vacate with no recourse.&nbsp; The business entity will still be liable for the lease obligation and if the business is not winding down, the landlord will have a legitimate claim against the enterprise that signed the lease.&nbsp; The landlord therefore maintains the ability, like other creditors, to enforce their rights for the entire lease obligation but can only look to the entity.</span></div></span></div>
</div><div data-element-id="elm_hoO8t8FXLsZCqks-M85oFA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_hoO8t8FXLsZCqks-M85oFA"].zpelem-heading { border-radius:1px; margin-block-start:29px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:28px;">Key Issues To Consider With Good Guy Guarantees</span><br></h2></div>
<div data-element-id="elm_ia4Rtyt6jOeukPSZBDIKQg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ia4Rtyt6jOeukPSZBDIKQg"].zpelem-text{ border-radius:1px; margin-block-start:20px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;">Deciding whether to sign a good guy guarantee or not is ultimately reliant on the terms of the lease negotiations. Not all good guy or personal guarantees are the same. Your broker will be working to get the best terms for you as the tenant, while your landlord’s broker will do the same. The organizational credit history and size are the key considerations used to decide what is appropriate.&nbsp; &nbsp;</span><br></div>
</div><div data-element-id="elm_Umq_K3amPYTAYAMtVN5sRw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Umq_K3amPYTAYAMtVN5sRw"].zpelem-heading { border-radius:1px; margin-block-start:28px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:20px;"><div>Notice Period</div></span></h3></div>
<div data-element-id="elm_xa1jqRqvw1_1QlQmqTMz-g" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_xa1jqRqvw1_1QlQmqTMz-g"].zpelem-text{ border-radius:1px; margin-block-start:20px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div>One main consideration that will be negotiated when signing a good guy guarantee is the notice period. While a three month notice period is common, landlords often try and negotiate for a longer notice period, and tenants try and negotiate for a shorter period.&nbsp;</div><div><br></div><div>For example, a landlord may ask a tenant to give at least six months notice in the event that they must default on the lease. Should you agree to those conditions, it is important to keep in mind that you will be responsible for six months worth of rent, even if you only give four months notice.&nbsp;</div><div><br></div><div>As a tenant, it is wise to give your landlord notice as soon as you have an idea that your business is not doing well. Not only is it helpful to your landlord, but it ensures that you will not be personally liable under any means.</div></span></div>
</div><div data-element-id="elm_0LwUuFIM1d5yRHeAx1a2-w" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_0LwUuFIM1d5yRHeAx1a2-w"].zpelem-heading { border-radius:1px; margin-block-start:28px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:20px;"><div>What Happens If You Have A Good Guy Guarantee And Sublease Your Space?</div></span></h3></div>
<div data-element-id="elm_RDeH6yLilPctCs6RjxVhtA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_RDeH6yLilPctCs6RjxVhtA"].zpelem-text{ border-radius:1px; margin-block-start:20px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div>In the event that a tenant’s business closes and they may have to default on the lease, they may choose to sublease the space to another tenant. This will allow them to collect rent payment from the subtenant to pay the lease, without breaching the lease contract.&nbsp;</div><div><br></div><div>If you do decide to take this route, be aware that you will still be personally liable for the lease if the subtenant can no longer pay for the rent and will not vacate the premises. The last thing you want is to risk your personal assets because your subtenant is squatting in the space.&nbsp;</div></span></div>
</div><div data-element-id="elm_ykl2l3CRiye3UF-wGDoqMA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_ykl2l3CRiye3UF-wGDoqMA"].zpelem-heading { border-radius:1px; margin-block-start:28px; } </style><h3
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:20px;"><div>Deciding Who Signs The Personal Guarantee</div></span></h3></div>
<div data-element-id="elm_bOsQr3MwzK2mwB74AIHOgw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_bOsQr3MwzK2mwB74AIHOgw"].zpelem-text{ border-radius:1px; margin-block-start:20px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div>One of the last things to consider when signing a good guy guarantee, or a personal guarantee of any kind, is who will be the principal of the lease. If your business is a venture shared with other people, it may not be the best decision to assume the position as principal.&nbsp;</div><div><span style="color:inherit;"><br></span></div><div><span style="color:inherit;">If some time down the road you decide to leave the business, and the business ends up defaulting on the lease and won’t vacate the premises, you will still be personally liable for the lease.&nbsp;</span><span style="color:inherit;">&nbsp;</span></div></span></div>
</div><div data-element-id="elm_KI6OKPZyzSecLKOmwuqMMw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_KI6OKPZyzSecLKOmwuqMMw"].zpelem-heading { border-radius:1px; margin-block-start:29px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:28px;">Alternatives To Signing A Good Guy Guarantee</span><br></h2></div>
<div data-element-id="elm_LsLXBu06PLoFqgna5kiJ3g" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_LsLXBu06PLoFqgna5kiJ3g"].zpelem-text{ border-radius:1px; margin-block-start:20px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><span style="color:inherit;">Although it is common to sign a good guy guarantee, there are still other options that will work to protect both you and the landlord. One viable option is increasing your security deposit instead of signing a good guy guarantee. Although this will require a larger upfront cost, it will ensure that neither you or your business will be personally reliable for the lease should you need to default.&nbsp;</span><br></div></div>
</div><div data-element-id="elm__qRo0CDGW39wekgkf57tMQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm__qRo0CDGW39wekgkf57tMQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="font-size:28px;">Conclusion</span><br></h2></div>
<div data-element-id="elm_224T4leRs0DlEU4EwuWrWg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_224T4leRs0DlEU4EwuWrWg"].zpelem-text{ border-radius:1px; margin-block-start:20px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;">While it is still a type of personal guarantee, a ‘good guy’ guarantee negotiated properly is reasonable for tenant’s to sign in certain instances. While no tenant wants to have any form of personal liability in a commercial lease, a ‘good guy’ guarantee is a market appropriate compromise to protect the landlord in an event of default, while minimizing personal liability to the tenant.&nbsp;</div><div style="color:inherit;"><span style="color:inherit;"><br></span></div><div><div><span style="color:inherit;">If you have any questions regarding a good guy guarantee, as either a tenant or landlord, </span><span style="color:rgb(38, 154, 198);"><a href="/contact" title="feel free to contact us at DHC" rel="">feel free to contact us at DHC</a></span><span style="color:inherit;">. Our brokers are experienced in negotiating key provisions in commercial leases in New York City, and are committed to <a href="/files/documents/quality-control-plan.pdf" target="_blank" rel="">protecting our clients</a> in real estate transactions.&nbsp;</span></div></div></div>
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<div data-element-id="elm_XDsgzZsiLKp8CL8QqPDbgA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;">Continuing learning about the specific of Commercial Real Estate in NYC with these next few articles.</span><br></p></div>
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</div><div data-element-id="elm_PLjy8RERsTFBI4qBFvqLFA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_PLjy8RERsTFBI4qBFvqLFA"].zpelem-heading { border-radius:1px; margin-block-start:3px; } </style><h5
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:18px;">PERSISTENT AND NON-PERSISTENT REAL ESTATE IMPLICATIONS OF COVID-19&nbsp;</span><br></h5></div>
<div data-element-id="elm_rK42YOscB41VTDWavhYF-A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rK42YOscB41VTDWavhYF-A"].zpelem-text{ line-height:24px; border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;font-size:14px;">There will be a lot to explore with respect to the impact of the COVID-19 pandemic on everything from healthcare...</span><br></p></div>
</div><div data-element-id="elm_jcRRs_7ZyHKBv0VAIi_VVA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_jcRRs_7ZyHKBv0VAIi_VVA"].zpelem-button{ color:#6CBE45 ; border-radius:1px; margin-block-start:15px; } </style><div class="zpbutton-container zpbutton-align-left"><style type="text/css"> [data-element-id="elm_jcRRs_7ZyHKBv0VAIi_VVA"] .zpbutton.zpbutton-type-link{ color:#6CBE45 ; } </style><a class="zpbutton-wrapper zpbutton zpbutton-type-link zpbutton-size-md zpbutton-icon-align-right " href="https://www.dhcres.com/blogs/post/persistent-and-non-persistent-real-estate-implications-of-covid-19"><span class="zpbutton-icon "><svg viewBox="0 511 1728 769" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><path d="M1728,893 C1728,902.333333 1724.66667,910.333333 1718,917 L1334,1271 C1323.33333,1280.33333 1311.66667,1282.33333 1299,1277 C1286.33333,1271 1280,1261.33333 1280,1248 L1280,1024 L32,1024 C22.6666667,1024 15,1021 9,1015 C3,1009 0,1001.33333 0,992 L0,800 C0,790.666667 3,783 9,777 C15,771 22.6666667,768 32,768 L1280,768 L1280,544 C1280,530 1286.33333,520.333333 1299,515 C1311.66667,509.666667 1323.33333,511.333333 1334,520 L1718,870 C1724.66667,876.666667 1728,884.333333 1728,893 L1728,893 Z"></path></svg></span><span class="zpbutton-content">READ MORE</span></a></div>
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 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:18px;">DOES CO-WORKING SURVIVE? NOT IN ITS' CURRENT FORM</span><br></h5></div>
<div data-element-id="elm_fSDHVFPndVfHfCUsWQ-XUQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_fSDHVFPndVfHfCUsWQ-XUQ"].zpelem-text{ line-height:24px; border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;"><span style="font-size:14px;">Every day we see new predictions of WeWork’s demise. Articles with headlines like “Is Coronavirus the Knockout...</span></span><br></p></div>
</div><div data-element-id="elm_-3H2OHGy8KNnnVt0kDSSOw" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_-3H2OHGy8KNnnVt0kDSSOw"].zpelem-button{ color:#6CBE45 ; border-radius:1px; margin-block-start:22px; } </style><div class="zpbutton-container zpbutton-align-left"><style type="text/css"> [data-element-id="elm_-3H2OHGy8KNnnVt0kDSSOw"] .zpbutton.zpbutton-type-link{ color:#6CBE45 ; } </style><a class="zpbutton-wrapper zpbutton zpbutton-type-link zpbutton-size-md zpbutton-icon-align-right " href="https://www.dhcres.com/blogs/post/does-co-working-survive-not-in-ts-current-form"><span class="zpbutton-icon "><svg viewBox="0 511 1728 769" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><path d="M1728,893 C1728,902.333333 1724.66667,910.333333 1718,917 L1334,1271 C1323.33333,1280.33333 1311.66667,1282.33333 1299,1277 C1286.33333,1271 1280,1261.33333 1280,1248 L1280,1024 L32,1024 C22.6666667,1024 15,1021 9,1015 C3,1009 0,1001.33333 0,992 L0,800 C0,790.666667 3,783 9,777 C15,771 22.6666667,768 32,768 L1280,768 L1280,544 C1280,530 1286.33333,520.333333 1299,515 C1311.66667,509.666667 1323.33333,511.333333 1334,520 L1718,870 C1724.66667,876.666667 1728,884.333333 1728,893 L1728,893 Z"></path></svg></span><span class="zpbutton-content">READ MORE</span></a></div>
</div></div></div></div></div></div></div> ]]></content:encoded><pubDate>Sat, 29 Aug 2020 12:45:38 -0400</pubDate></item></channel></rss>