For growing companies, investing in the right space is absolutely crucial.
Getting a new business off the ground is difficult enough without having to worry about outgrowing your workspace. For a young company, moving out of an incubator and into a space of their own can prove a real challenge, particularly during periods of rapid expansion. Once a business outgrows its starter space and upgrades to a larger office, the management team is newly responsible for rent and utilities — not to mention tech infrastructure, which can be a costly and time-consuming investment.
In an attempt to make this move a little easier, Green Street and Avatara have partnered up to offer tech-enabled office space to expanding St. Louis companies. These buildings will be fully equipped and customizable, so founders can focus on their vision and let experts take care of their day-to-day needs.
Defining Tech-Enabled Office Space
First things first: what exactly is tech-enabled office space? At its most basic, it’s a space outfitted with technological infrastructure that allows for simple, seamless connectivity. In the case of our collaboration with Avatara, the building had previously been occupied by Wells Fargo, who required a high-tech framework to conduct their day-to-day business. This meant that Green Street already had the tools we needed to create an environment in which work could be done more flexibly, reliably, and remotely.
If you’re interested in the nitty gritty details of 2351 Market Street’s status as a tech-enabled office space, here they are: from gigabyte fiber bandwidth and access to SSAE 16 data center rack space, to backup servers and reliable wifi access, our new headquarters have every high-tech feature a data-centric company could want. Just as importantly, 2351 Market Street provided everything our current tenant needed to not only succeed, but flourish in their new space.
The Benefits of Moving Into a Tech-Enabled Office
For companies looking to scale their operations, there are some definite advantages to moving into one of these high-tech spaces. As Ben Scully, VP of Sales and Marketing for Avatara, said during a recent meet and greet, this type of space allows you “to use your capital more wisely.” Because most new businesses want (and need!) to invest all of their incoming revenue back into their company, it’s important to find a space that’s already equipped with the support they need. Building out the infrastructure from scratch would prove a much more expensive endeavor — and the systems would no doubt be less sophisticated than those that Green Street can offer on a subscription basis.
The fact is, Green Street is more than just a realtor — the partnerships we form with our tenants are long-term. Scully himself described Green Street’s work as “bringing this down to the entrepreneurial level and allowing companies to enrich who they are…without all the burden of figuring [things] out themselves.” We consider the success of our partners to be our successes, and so we do everything we can to make sure each of our commercial tenants is equipped with all the tools they need to meet their maximum potential.
Whether or not your company chooses to rent with Green Street, one thing is certain: by investing in a tech-enabled space, your business will no longer be tasked with sweating the small stuff — giving you the freedom to focus your time and resources on growing your business instead.