GREENWICH, Conn., Nov. 10, 2008 (GLOBE NEWSWIRE) -- The explosion of temporary and virtual office arrangements for businesses and the changing demographics and lifestyle needs of executives have expanded the range of options for traditional office space, according to Frank B. McBrearity, Jr., principal of Corporate Executive Offices, a successful company entering its 20th year of offering full-service office suites in Greenwich, CT.
Mr. McBrearity believes that the convergence of demographics and lifestyle trends with the internet and related technological innovations enhances the demand for flexible work environments and occupancy structures, including virtual office arrangements. "Many of today's successful executives want to limit big capital commitments and minimize ongoing overhead expenses without foregoing an executive office setting and professional staff support." He owns the 54-office facility at Two Sound View Drive in downtown Greenwich and the 44-office suite at Greenwich Office Park, which opened a year ago.
"The requirements of some of today's senior executives have changed," Mr. McBrearity said. "They want the proximity of Manhattan without the commute or expense. They want lifestyle options as they relate to family and community. And they want the luxury of full-service offices with a professional staff and all the tech infrastructure, including videoconferencing, virtual office plans, conference rooms and 24/7 access. Finally, most really don't want to work at home."
"Moreover," he said, "in today's uncertain business environment most businesses, large or small, are reluctant to make long-term commitments. The structural and financial adjustments suggested by the current turmoil almost certainly require organizational change and adaptation to meet the new realities. The full-service office suite is, in many respects, a uniquely appropriate way to accommodate organizational and staff adjustments during this difficult interval."
As an added perk for clients, Corporate Executive Offices can offer traveling clients access to comparable office facilities worldwide because of CEO's membership in the Alliance Business Centers Network. CEO's client roster is diverse including financial services, public relations, executive search, and private equity investing, among others. Several large corporations use the two centers for senior executive offices, or as their "Greenwich office" for regional business.
"As we enter our 20th year in the office suites arena, we consider ourselves an innovator in response to changing executive needs. We offer a client the 45-minute commute to Manhattan with a downtown Greenwich location that is adjacent to the railroad station. The success of our original office model prompted me to develop our second location in Greenwich Office Park, which is a 5-minute ride to the train station and is close to the major highways of I-95 and the Merritt Parkway," Mr. McBrearity added.
CEO has been locally owned and managed in Greenwich since 1989. Mr. McBrearity, principal and manager of CEO, notes that his company's expansion has been driven by the strong, growing demand for shared office facilities in the Greenwich office market.