Todos Med Ltd (TOMDF)

[DreyDreyDrey]

I work for several companies that rent spaces in Manhattan. They are like Lego complexes. Sometimes 60 companies to a floor. The rooms are 6x8, 10x10, 8x12, etc. the management company takes a few floors of an office building and builds a maze of hallways and small rooms. The outer offices with a view are usually 50% more. The inner ones are cheaper. At the center are the elevators, reception, bathrooms, conference rooms you can rent, and a vending machine food court. Internet and electricity are included in rent. Often there is a door between two offices so you can rent both and leave the door between them open. Or take it off the hinges. If you sign a 2 year lease, they will often demo a wall or two and combine 2-4 spaces. Any bigger than that and you are into a real office space. Not their target market. There really isn’t anything wrong with doing that. Very standard to have an owner, 2-3 employees, and an admin. In Manhattan, this is what is affordable. One of my clients rents a corner unit on the outside. It is basically two 8x12 rooms meeting perpendicular to each other. It is pretty expensive. But they are in downtown Manhattan with a view. The guys makes a lot of money too.