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.
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.
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 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.
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.