Executive Summary
This Fortune 100 tech giant’s 30K sqft location in a strip mall never met their team’s needs, and they recognized it was time to move on. The landlord was pushing for a fixed-term renewal, but they needed a fully managed solution that provided flexibility without requiring an internal buildout team. While securing the right space was a priority, it wasn’t significant enough to justify diverting critical real estate resources from their core business.
By partnering with altSpace, they moved into a fully managed office in just 75 days—a stark contrast to the 12-18 months typically required for a traditional buildout. They achieved this with zero upfront CapEx, shifting from a high-variable cost structure to a fixed, predictable model covering legal, construction, design, maintenance, and administrative expenses.
75
Days to Move-In
0
Upfront CapEx
36
Month Term
The Challenge:
The company faced a real estate dilemma that demanded immediate action. Their existing space was oversized, inefficient, and misaligned with their operational needs. With the landlord pushing for a rigid lease renewal and limited serviced office options available, they needed a solution that balanced speed, flexibility, and cost efficiency. However, with real estate resources stretched thin, committing to a full buildout was out of the question. The challenge was clear: secure a right-sized office quickly without draining internal bandwidth or capital.
- Inefficient Space
The existing 30K sqft space was far too large for their 40-person team, leading to wasted overhead. - Unfavorable Lease Terms
The landlord was pushing for a fixed-term renewal, limiting flexibility. - Limited Market Options
The desired location had few serviced office providers. - Resource Constraints
With internal teams focused on core business priorities, they lacked the bandwidth to execute a full-scale office buildout.
The Solution:
By leveraging LiquidSpace’s managed office solution, altSpace, this company unlocked a fully customized, flexible workspace with no upfront CapEx and a rapid time-to-market.
Key benefits included:
- Speed to Market
From contract signing to fully operational office in just 75 days—compared to the industry norm of 12-18 months for traditional buildout. - Zero CapEx
Unlike traditional leases requiring significant upfront investment, all costs—including legal, construction, design, furnishings, maintenance, and utilities—were amortized over time in a single, predictable monthly payment. - Strategic Location
Secured a 4,047 sqft office in a prime location, enhancing convenience for clients and aligning with business goals. - Operational Simplicity
LiquidSpace fully managed the project, eliminating the need for internal resources to oversee real estate planning and execution. - Flexible Lease Structure
The 36-month term provided agility to scale operations as needed.
The Results:
The impact was immediate. With altSpace, they not only secured a right-sized space but also achieved substantial cost savings and operational efficiency. Their move to a flexible, brand-aligned office reinforced their strategic goals while freeing up internal resources to focus on core business priorities.
- More Efficient Use of Space
Downsized from 30K sqft to 4,047 sqft, optimizing footprint and reducing waste. - Cost-Effective & Predictable
Shifted to a fixed-cost model, eliminating financial risk and unpredictable expenditures. - Brand-Aligned Office
The new space matched their modern branding, creating a professional and engaging work environment. - Resource Optimization
Freed internal teams to focus on core business priorities, rather than managing a complex real estate project.
Key Takeaways
By leveraging altSpace, they achieved substantial cost savings and optimized their footprint without the burden of a traditional buildout. Here’s what enterprises can learn from their approach:
-
Speed Wins
They launched their new office in 75 days, dramatically faster than the traditional 12-18 month buildout timeline.
-
CapEx-Free Growth
By choosing a managed office solution, they avoided massive upfront costs while gaining full-service office space.
-
Right-Sized Real Estate
Downsizing from 30k sqft to 4,047 sqft eliminated inefficiencies while maintaining room for team collaboration.
-
Seamless Execution
Partnering with altSpace removes the complexity of office setup, allowing businesses to scale without resource strain.
