In the current economic climate it is important to optimize resources and facilities as effectively as possible, and many businesses consider switching to more cost-effective open-plan office space. Reduced cost, however, is not the only thing to consider.

The pros:

Open-plan offices offer ideal conditions for establishing friendships – assuming you like the people you share the space with.

Open-plan offices are more cost-effective, on average saving business up to 20 percent on accommodation cost. Choosing partitions wisely and working out the best possible desk layout allows companies to fit more people into the smaller space.

Buildings with open-plan office facilities are environmentally friendlier as heating and cooling becomes more efficient.

There are eleven Empire zones in New York City that are offered benefits and incentives to expand commercial, retail and industrial companies. These are The Bronx (Port Morris and Hunts Point), Manhattan (East Harlem and Chinatown), Staten Island (West Shore and North), Brooklyn (Southwest Brooklyn, East Brooklyn, North Brooklyn/ Brooklyn Navy Yard) and Queens (South Jamaica and Far Rockaway).

Created in 1996 to help revitalize the Upper Manhattan and South Bronx market place, the New York Empowerment zone is a federal economic development initiative. If your business qualifies and operates in the Empowerment Zone you could be eligible for increased depreciation tax deductions, employer wage credits and tax exempt bond financing.