HOW TO CHOOSE AN OFFICE SPACE
The location of an office is as important as the business itself; clients are encouraged by what they see, and feel assured when they are dealing with a brand that has physical presence e.g., an office space.
There are a variety of factors to consider when choosing an office space.
In this article we will be sharing 5 essential tips to note in your search for your new office space.
In real estate location is the baseline for any property search and its importance cannot be overemphasized. It is pertinent to ensure that the office space you choose is one that can be easily accessed by your clients and employees. Your chosen office location should be one that is within a secure neighborhood and has easy access to desirable amenities e.g., malls, restaurants, bars and coffee shops for your clients and employees.
2. SET A BUDGET.
This is one of the most important factors to consider when choosing a new office space, as the price of a new space can affect the net income of your business. You will also need to set a realistic budget and stick to it. Ensure that the move to the new space will be profitable to your business long term. It is important to read through the lease contract as well, as they may have hidden charges that you need to be aware of.
There is a need to take into consideration the size of the office space you intend to move to. The right office space can also boost the morale and productivity of staff, a general guideline is that every employee should have approximately 21 square units, but this is dependent on the type of business. There a few factors to consider with regard to the size of the office space, e.g., meeting area for clients, staff level which is based on the growth projections etc.
4. STAFF SIZE: The staff size is an important factor to consider when choosing an office space, this is because it would help determine the size of the space to acquire. The space should be one that can conveniently accommodate the number of staff you have.
5. NATURE OF BUSINESS: The type of business you operate will help to determine the facilities that are necessary for the business. There is need for this to be put into consideration because it will help for easy execution of your business and delivery of service to your clients. A business that has a high turn over of clients daily will require a much larger space for that which has less inflow etc. Knowledge on the nature of business will also aid you in securing or looking out for a space that is situated in an area that has a wide range of your intended target market and suppliers of the materials or services that are beneficial to your business.
These factors will aid you in deciding on the right size for the new space you intend to get. The right office space tells a lot about your business, it is a reflection of your company’s culture. It is very key to consider the office layout, ventilation, air quality, design etc. of a property before making it an office space. Our aim at Wren Regent Properties Limited is to ease off all the stress that is associated with looking for that perfect office space that you desire.
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REMEMBER: “Property mistakes are like a bad haircut…they grow out in the end” ― George Choy