DALLAS, TX (December 2, 2020) – Quadrant Investment Properties and Stream Realty Partners today announced the launch of its flex office strategy, which will provide fully furnished and internet enabled office suites on a short-term basis. The program is being piloted at St. Paul Place, Dallas’ premier boutique office building, located in the Dallas Arts District.
As Chad Cook, founder of Quadrant Investments notes, “Since the Covid lockdown last March, we have seen increasing demand for flexible leases outside of coworking space. These tenants are looking for move in ready office space on a shorter-term basis while still desiring their own controlled office environment. We are not changing the traditional real estate leasing model; but rather enhancing it by providing another option for prospective tenants.”
Stream Realty Partners, a partner in the building, will continue to lead the leasing strategy at St. Paul Place. “We are excited to get this program into the market as the boutique nature of St. Paul Place provides a unique opportunity to address the demand for shorter term lease options while still providing a class A experience.” adds Rhett Miller, vice president of Stream’s Dallas office.
The benefits of St. Paul Place’s flexible leasing strategy are as follows:
- Enables short-term leases of six to 12 months of fully furnished modern office that includes internet, private conference room and kitchenette
- Each suite is move-in ready and can be occupied immediately.
- Tenants have full access to building amenities: outdoor lounge, community space, coffee, additional conferencing options, on site food services
- Up to 3:1000 parking is available for the term of the lease or monthly basis
The program was developed in part to cater to companies that are uncertain about their long-term office needs or behind in their office search due to the current environment. The suites available at St. Paul Place range in size from 2,500 to 14,000 square feet with many offering elevator lobby exposure. The marketing of the flex program is being managed through the St. Paul Place website where prospective tenants can view spaces, book tours and find transparent pricing to allow for easy decision-making.
As Chad Cook adds, “This is the next step in our strategy of making flexibility a central operating principal for every building we own. Over the last year we have re-tooled our technology operations to make it easier for us to onboard, service, and support our customers in a timely manner. That operational foundation gives us the freedom to focus on this business strategy without worrying about the operational complexities.”