Choosing the Right Office Space and Location for your Business

Office space and location are two aspects in the business that should not be overlooked.  Countless studies have proven that there is a correlation among the two components, business performance metrics, employee productivity, as well as your company culture and brand. Choosing the right office space and location for your business is another way of effectively communicating your culture to clients, investors, and future employees. Furthermore, your team is going to need a space where they can focus, collaborate, and learn.

The ideal office space and location speak volumes about the type of business you are running, so it is crucial to consider everything down to the very last detail as these will have a longstanding impact on your team and organization.

·        Reputation

        Having your office space in a location that has a sophisticated reputation can reflect on your business. If it is a neighborhood that has been seeing growth for the past few years, prospective clients may see your company in a more positive light, giving them a glimpse of your culture and setting crystal-clear expectations.

·        Accessibility and Brand Visibility

        The perfect location can attract new customers. How you are going to pick a building is critical, so is choosing the vicinity where it is situated. You also have to look out for major roads and infrastructures that surround your office as these are important factors that people consider. Being in a prominent position lets your target market know that you exist.

·        Room for Growth

        Every office space has a certain character, and each one can affect the way people perceive the culture that your company is upholding. Your space must be flexible and scalable in a way that will allow your team to discover areas where they can improve and create a positive impact on the business.

·        Convenience

        It is important to make sure that there is a large parking space within close proximity of the location you are choosing for other people to get to you with ease. With safe parking areas and not having to worry too much about security, your team can concentrate on their productivity and performance, and your clients can focus on their own business. Neighboring commercial businesses and restaurants can also help them worry less about other necessities.

·        Network Expansion

        Having a network of connected businesses could give your company access to a bigger talent pool, economies of scale, and more investors. Being situated in a region where other businesses thrive is an indicator that there are tons of opportunities for growth, attracting potential employees and customers alike.

·        Improved Employee and Client Retention

        Increasing efficiency in the workplace centers around the motivation and mindset of the employees, and a driving force that affects both is the kind of work environment that you foster. With the right office space, expect continued collaboration and productivity among your team members, as well as an influx of clients seeking a company that cultivates growth within the workplace.

ARCH Offices will be launching new spaces to suit your business needs. Let your team reach their fullest potential through the workspaces we create. Send us an email at hello@archoffices.com for inquiries and reservations.

 

Things to Consider When Looking For A New Office Space

An office space is as essential to the business as your team members. Not only does it affect your day-to-day operations, it also affects your brand image. The effort you will need to put into searching for your new office space should not be taken too lightly. There is a lot at stake, as choosing the right workspace for your business can make all the difference when it comes to recruitment, retention, productivity, and even your team’s well-being.

The most important thing to take into consideration is that you must know exactly what the needs of your business are. Does your team have enough wiggle room to move about and pace around? Are there enough meeting rooms? Are they spacious enough to accommodate your team? Does it have an open space for a lounge or a receiving area? Asking yourself these questions before you make a final decision is crucial. The following aspects can help you ease your mind with regards to the ideal office space to get for your business.

Location and Accessibility

The importance of location in the success of a business cannot be understated. It also helps create your brand image as every part of a certain town or city carries a reputation, be it for simple or for luxurious living. Setting up your business in a place that reflects your brand and services can significantly affect your growth and success. Location can also impact the total operational cost and the capability of a business to market itself. An office space near transportation hubs and major thoroughfares is a great sigh of relief to your team members who are taking the commute every day to work. Also keep in mind nearby restaurants, coffee shops, and convenience stores that everyone will surely appreciate.

Cost

Strike the balance between the location, office size, and lease type to reach a fair market price. Before anything else, spend ample time to research on average business rates including rent, taxes, and utility bills to make sure you can afford the office space. Hidden charges such as deposits or parking tickets must also be considered before signing any contracts. Create a cost estimate of the location to avoid financial commitments outside your means.

Security

Crime can undesirably affect the long-term growth projections of a business. When inspecting the premises, you should immediately check for security cameras and alarm systems. They add safety to the office space and serve as deterrents to criminals. These security aspects are also critical in safeguarding business assets, valuable information, and people from any kind of loss or damage. A robust security environment reduces liabilities, insurance, compensation, and other social security expenses.

Competition

Competition is inevitable for any kind of business. While it could hinder the success of your organization, it can be an effective tool for growth and improvement. You can also identify where your competitors are falling short, and with that, be the one to fill that void and satisfy the need. However, too much competition in the vicinity can be a warning sign to look for an office space elsewhere.

Vibe

Your ideal office space should resonate with your company and the culture you want to build. Your team is going to need a positive work environment for them to reach their fullest potential and accomplish their tasks on time. It is also important for everyone to feel at home in the workplace to achieve a sense of belongingness and comfort. The space alone should emulate an innovative and spirited vibe that appeals to the people. But it is up to you and the designers to make it more engaging and create a reflection of your company’s vision for the future.

 

ARCH Offices will be launching new spaces for businesses of any size soon. Get the workspace that your team deserves. Get in touch via email at hello@archoffices.com for more information.