Tech Growth Computes to Different Space Needs - Spring 2001

The number of computer-related businesses in Sarasota County grew 63.3 percent since 1995, compared to an overall business growth rate of 12.3 percent. Some of those start-ups are home-based, but many others are occupying office, retail and flex space in our market. These young tech companies tend to be more focused on price than image, making them a target for Class B-C office and out-of-the-mainstream locations.  The newness of the business and uncertainty about future space needs create a quandary for landlords and tenants in addressing expansion.  Expansion of traditional companies tends to be more predictable, while high-tech companies may grow in unpredictable spurts.