Allegiancy CEO Takes on Open Office Space Trend in Latest Blog Post

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“Open-office space is the current fashion, but as bell bottom pants once showed the world: what’s in style doesn’t always work for everyone," says Allegiancy CEO.

“Google got it wrong. The open-office trend is destroying the workplace,” proclaimed a recent headline in the Washington Post.

That’s how Steve Sadler, CEO of Allegiancy, started off a recent blog post about co-working office spaces.

Allegiancy, a Richmond, Va.-based commercial asset management firm specializing in office space, manages millions of feet of office space, Sadler wrote, going on to explain trends he is seeing across the country.

“The open floor plan is a plus only for a few select businesses,” Sadler wrote. “It works well for securities traders, air traffic controllers, and anyone who needs to instantaneously exchange information to work effectively.”

For everyone else, not so much, he said.

“We experienced this reality three years ago when our company, Allegiancy, tried an open floor plan,” Sadler wrote. “Everyone hated it, except the president and me (the CEO). We also found that many of the perceived benefits of an open-office were not realized in practice.”

One of the often-promoted benefits of an open-office is that the company can reduce its footprint, its need for space. That does not seem to happen long-term, Sadler explained.

“Instead, with the loss of privacy for employees, the need for more meeting rooms, phone booths, and other private spaces expands,” Sadler wrote. “Anytime employees need to have a confidential conversation, they need one of the much-coveted private rooms. Ultimately, the growth of the private spaces can offset the space savings the company had hoped to realize.”

Other points highlighted by Sadler in this blog post included observations that “time is lost with employees trying to grab a conference room” and that “the increase in ambient noise reduces productivity. Numerous studies have shown that excessive distractions are physically draining and lead to poorer work performance.”

“Open-office space is the current fashion, but as bell bottom pants once showed the world: what’s in style doesn’t always work for everyone,” Sadler wrote.

ABOUT ALLEGIANCY

Allegiancy is changing the business of asset management for commercial real estate owners and investors. With an advanced technology platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor to an often poorly understood business. Combining its proactive Value Assurance? operational rigor with an intense focus on cash flow and profitability, Allegiancy is expanding on a track record of more than four decades of success.

Headquartered in Richmond, Va., and led by a team of seasoned professionals with more than 100 years of experience, Allegiancy manages properties that have outperformed their peers by 45 percent since 2006. The company has more than $300 million in assets under management (AUM) and delivers clients attractive returns and profitable, hassle-free investments in commercial real estate.

More information about Allegiancy may be found at http://www.allegiancy.us. To schedule an interview with Allegiancy’s leadership, contact Audrey Bevel at audrey(at)allegiancy(dot)us or 866.842.7545 ext. 204, or (804) 201-7161.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Allegiancy, LLC’s (the “Company”) present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the offering circular dated January 14, 2014 and filed by the Company with the U.S. Securities and Exchange Commission on January 15, 2014. The offering circular, and any supplements or updates thereto, is available on the EDGAR system located on http://www.sec.gov.

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Stephanie Heinatz
Consociate Media
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