San Jose, the nation's fourth most expensive rental real estate market - keeps rising.
Rent prices continue to rise across the Bay Area, according to a recent survey. San Jose, as the largest city in the Bay Area and the heart of Silicon Valley - the world's predominant technology hub where high salary tech firms drive up the cost of real estate, is home to roughly a million people. It has the highest cost of living in any area in the U.S., and it is one of the most expensive housing markets in the country.
As of January 2022, the average rent in San Jose has seen a 14% increase compared to the previous year.
The prosperous job market, economy and the gathering of successful startup companies is creating a soaring growth in employment, job market, population, and housing demand.
The phrase 'you need to spend money to make money' doesn't exist without reason. Starting or operating a business incurs expense. It costs money to hire people, and you need to invest in technology or pay to manufacture a product. Unlike operating costs such as these which are the result of a business's normal operations - required to run the business and cannot be avoided.
However, overhead expenses, or costs to run the business can be reviewed and assessed to calculate the necessity and thus increase profitability. Expensive overhead costs such as rent for office space, are expenses that can be forwent.
For a budget restrained startup or small business, the money saved from opting out of lease commitment can make all the difference. Eliminating the overhead cost of rent means you won’t incur the additional costs of running an office such as maintenance, cleaning and utilities. The money you save can be passed on to the clients or reinvested in human capital.
A virtual office is a workspace solution for entrepreneurs, startups and businesses with a budget to obtain a professional business address and retain their business in the San Jose area - without the costly expense of renting a physical office. Through a virtual office, a business can reap the professional acumen of a brick and mortar business office in the heart of Silicon valley while enjoying the low cost and flexibility of working from your home.
ZED is devoted to providing an optimized workspace to cater to meet any business needs - A workspace which you fill with inspiration and passion. We offer virtual office memberships to provide home-based companies and startups with a cost-effective business address that reflects professionalism and establishes presence.