A short-term,small office space on flexible terms with bundled services such as telecommunications, secretarial support, meeting rooms, and other business necessities.Also called business center or executive suite.
For example, during the past two months three of the four major fixed wireless companies, Winstar, Teleigent and Advanced Radio Telecom (ART) and two of the largest building centric providers or shared tenant service providers, also known as Building Local Exchange Carriers (BLEC's), Broadband Office and OnSite Access, have all filed for Chapter 11 Bankruptcy protection.
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