real estate by david dynak THE ART OF ELDER LAW For more than 30 years the elder law firm of Ronald Fatoullah & Associates has been providing New Yorkers with legal solutions that protect, relieve and endure for generations. Our dedicated attorneys are skilled in the art of giving legal advice and are accomplished in elder law, Medicaid eligibility, estate planning, trusts, estate mediation, wills, asset protection, guardianships, probate and most issues associated with the challenges of aging. Our distinguished reputation is based on a commitment to the highest ethical and professional standards and our core values of honesty, integrity, and excellence. “We won’t settle for anything less”. 1-877- ELDER LAW 1-877-ESTATES Queens • Long Island • Manhattan • Brooklyn ATTORNEY ADVERTISING It is official — the office rental market is super hot again, especially where there is a lack of good office space or in neighborhoods considered most desirable for work. So what is a small business, start-up or creative one-man shop to do? Brokers are not calling you back when you tell them you need 300 square feet of space for a one-year rental. Landlords don’t want to bother dividing floors for too many individual, small tenants. Their attorneys resist drafting a short-term lease for an unproven business occupant. Say you have found the right space and the property owner is willing to rent it. What are you to do when the landlord asks for a profit and loss statement, tax returns and track record for the past several years; for three to six months of security deposit; and for personal guarantee, just to set you up in an empty space with nothing hooked up? Now, do you have a contractor ready to build your space? And funds to pay for it, on top of security deposit and office start-up costs like data equipment, printers, locksmith, desks and all the little details that make a room into a fully functioning office? Great, now you can sign that three- to five-year lease the landlord wants! Are you ready? For most companies that fall into either of these categories — start-ups, temporary/project-based teams, one-person self-employed professional or designer, or fastgrowing/ rapidly expanding concept — the answer is no way! Too much hassle, money and risk to get yourself an office space. Yet, your apartment and coffee shop don’t always cut it for too long. In the past the only options were subletting a portion of space from a larger company, or going into a furnished office in Manhattan. But a boom in technology jobs has led to a rise of new generation office share companies, ones specifically targeting creative, tech and small businesses led by gen-X and gen-Y demographic. Regus may be the largest, with locations around the globe, and even some large management companies operating office shares, but its companies like TechSpace and WeWork that took a concept of furnished office and office share and tweaked it to make it not only appealing but also sexy and cool to work out of a co-working space. Co-working spaces have been around for a while but only in the past few years have they sprouted up all over Brooklyn. We have seen office-type co-working space providers like Green Desk or The Yard become recognizable brands. Others like 3rd Ward, Room 58 or Bitmap Creative Labs focus on specific work cultures or even a neighborhood vibe. They all claim to provide a lot more than just a convenient way to get started and work out of a cool space. The fancy gourmet coffee, incredibly wellstyled common lounge areas and well-equipped entertainment areas with pool tables, retro video game machines, bike storage and even dog-friendly policies attract a more local and sophisticated brand of programmer, graphic designer and music producer, while also serving traditional trades like architects and copy writers. But it’s the promise of networking, collaboration and synergies in an environment specifically designed to foster exchange and interaction among members that differentiates co-working space from just an office. But what about Queens? Loft spaces and small studios for artists, non-traditional flex space buildings and cool garage-to-gallery conversions have been in LIC and Astoria for years. We have our share of local food production and trendy businesses here, and the tech scene is also on the raise. We even have an Artist & Craftsman store now, as well as Spaceworks, a city-grant nonprofit providing affordable rehearsal and visual art studios. But no notable office share or co-working properties to brag about — until now, that is! With Create NY Space and QNS Collective both on the border of Long Island City and Astoria, at 35-18 37th St. and 36- 27 36th St., respectively, Googling “co-working in Queens” gets you somewhere. Starting at $25 per day for a spot on the couch to work, you can try it out for yourself, and see if motto of “collaboration fuels innovation” is true. FURNISHED NO MORE David Dynak is a real estate broker at First Pioneer Properties and an LIC resident. He’s lived in Western Queens since 1993.
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