business center

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business center

An office arrangement providing individual offices for local representatives of large companies,professionals,and small-business persons,with sharing of lobby space,conference rooms,support staff,telecommunications services,office equipment,and other amenities.Formerly called executive suites and shared offices. The industry trade organization is the Office Business Center Association International (www.obcai.org).
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.