Six years ago when the law firm of Brown, Rudnick, Freed & Gesmer went looking for a new location in Providence, a good view was a perk, but not a necessity in the search.
Still, when it came to the final decision, William Farrell, a partner with the firm, said the view was definitely a factor -- especially when that view comes through 20-foot high glass walls and is unobstructed.
"Our building is definitely unique," Farrell said of the firm's location at One Providence Washington Plaza on South Main Street. "We are on the 10th and 11th floors and everyone has a pretty spectacular view. It has to be one of the most spectacular views in Providence, as we are unobstructed from all sides."
According to Jay Fluck, a principal with CB Richard Ellis, a commercial real estate firm in Providence, a view is often a factor when companies are choosing their office space.
"People absolutely look for a view," he said. "It's not the all consuming issue, but when making final choices those views can become key ingredients to a decision."
And following the philosophy that an office with a view is the sign of achievement, Fluck said, the bigger firms occupy space that has a view.
"The biggest and the best firms are located along the top of the highest buildings," he said. "The best view comes from the highest building and your highest buildings are all Class A."
And with most companies signing a lease for anywhere between five and 10 years, Fluck said getting that space is difficult.
But that doesn't mean there is a shortage.
"If there were a greater demand for these kinds of views then there would be more buildings," Fluck said.
In fact, an office building that will soon be under construction in the Capital Center, known as Parcel nine, won't be particularly tall (10 stories), but will be located on the banks of Waterplace Park, providing what Fluck said will be "wonderful views." Starwood Wasserman is the developer.
As for Farrell, he said his firm is quite proud of its sky-high view of the city and is always willing to share it.
"Our board room takes up one whole window and we have been pretty generous letting community and civic groups use it for their functions," he said. "People seem to love it and we never get tired of the compliments."
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.