Napa Executive Suites Ease Commute Burden
As the Greater Bay Area continues to expand and commute times worsen, companies/employees continue to seek office and working alternatives to save time and increase productivity.
NAPA, CA—Bay Area commuting woes are legendary. This becomes more challenging when San Francisco-based companies need Wine Country touch-down spaces.
Enter Napa Square, an office building located at 1455 First St. in downtown Napa, which has introduced a new executive suite concept to the marketplace. The offices on the second floor of the three-story building are being offered to individuals or groups on a monthly or longer-term rental basis. Cushman & Wakefield’s Margaret Duskin and Bo Harkins are heading the leasing efforts for the property.
“Our executive workspaces offer entrepreneurs, employees and employers alike greater flexibility, connectivity and convenience, both in terms of location and function,” Duskin said. “Major nearby corporate hubs like San Francisco and Oakland already have extensive executive suites and co-working concepts (such as Regus and WeWork). Commutes to San Francisco and Oakland can be very lengthy for executives and staff of such major metro-based companies, especially for those who live in Napa Valley and nearby communities. Napa Square’s executive suite approach creates a solution to ease the commute burden and allows for full connectivity on a global scale.”
Napa Square is a LEED-certified class-A office building featuring parking, a conference room, onsite management and retail amenities of dining, banking, stock trading and professional services.
“As the Greater Bay Area continues to expand and commute times worsen, companies/employees continue to seek office and working alternatives to not only save time and increase productivity but also achieve employee satisfaction and for recruiting and retention,” Duskin notes. “The Napa Square owners believe the executive suite concept will work very well in the Napa market. We fully expect to see more interest, both near and long term. We have already arranged leases on about one-third of the offices in the executive suite.”
One of the employers taking advantage of the new executive suites is Farella Braun + Martel, a law firm headquartered in San Francisco.
“We appreciate Cushman & Wakefield’s assistance in securing this unique office space in Napa Square,” said Quinn Arntsen, Farella Braun + Martel real estate partner. “Together with our flagship Wine Country office in St. Helena, we are now better able to serve our diverse and expanding client base up and down the Napa Valley.”
Napa Square has a part-time receptionist, fully loaded kitchen, flexible conference room, unlimited local phone service, Internet and printer/copier access.
“Our bright attractive public space and offices are a winning combination. Joss Realty is proud to own Napa Square, an elegant mixed-use retail and office building in one of the nation’s most fabulous destinations,” Michele Balfour, principal at Joss Realty Partners, tells GlobeSt.com. “Like Napa and its dedicated vintners, we are committed to harnessing the smartest ideas from the past while meeting the demands of tomorrow. With that in mind, we developed a shared office concept that embraces modern flexibility while maintaining larger traditional offices that provides quiet space for thoughtful work.”
Balfour says Joss Realty is constantly revisiting its offering to meet clients’ evolving needs.
“The building itself is a destination for casual and fine dining, draws foot traffic to its myriad wine cellars and houses a UPS store,” she tells GlobeSt.com. “Our office and retail tenants include top area law firms, local and national financial advisors, as well as a medical practice. This mix of in-house expertise and services plus our location in walkable downtown provides the best of Napa for our tenants.”
The Small Business Labs’ and Global Co-working Unconference Conference forecast for 2018 to 2022 is projecting continued rapid co-working growth during the next five years, although slower than the industry’s recent dizzying pace. The two groups are forecasting that the number of global co-working spaces will grow from 14,411 in 2017 to slightly more than 30,000 in 2022.