The Real Deal

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Offices get sliced and diced 

From the February issue: Wellie Chao used to own a small software company. Like many small business owners, Chao found the search for office space "pretty tough." Since he only had three employees, landlords didn't want to deal with him, and brokers weren't much interested in a new company with limited needs and cash. From his frustration came an idea that pushed Chao out of computers—and into real estate. He rented 5,000 square feet on West 20th Street, installed cubicles and started renting them out individually. Chao named his company Micro Office Solutions, and it is now one of a growing number of firms that slice-and-dice space for small businesses, satellite offices of out-of-town companies and solo entrepreneurs in the city.  more