If you’re looking for a new office in the market, whether you’re moving from a work-from-home setup to designated office space, or you need a bigger place for your expanding operation, it’s important to consider all your options to make the right choice.
Your office not only has an impact on your day-to-day operations but also plays a crucial role in boosting staff morale and productivity, which are vital for employing and retaining the best staff, as well as bringing in new business.
Here are four things to consider before choosing an office space.
Location is important for several reasons, the main one being accessibility. So, if you can find an office space that has great access to public transport and parking spaces, this means your staff and clients should have no trouble getting there.
If your business relies on passing trade, then you’ll need to consider a space that is on a main high street or in the town centre. If not, then you could get a great deal on a space that’s not quite so central but still easily accessible. There are many business parks across the UK that fit the bill, such as Gloucester Business Park, so consider all your options before making a decision.
You have to envision the size of your office space before getting one. Although the size will, at some point, be affected by the location of the office, its actual price, and your budget, you need to establish how big an office you’ll need from the outset.
This means you’ll need an office that at least has enough room to house all your existing staff and equipment. You should also consider other factors like meeting rooms, break areas, and relaxation spaces. And you should also visualize where you see your business in a few years and factor any expansion plans into the move.
Price is one of the most important factors and could be the deciding factor in most cases. Once you’ve found the cheapest option, don’t immediately jump into it just for the price. You might end up regretting your decision after discovering its hidden flaws.
If you go for the most expensive space, then you might struggle to pay the rent, particularly if your business hits a quiet spell, which means you’ll have to downsize (and experience the added headache of terminating your tenancy agreement).
So, before you sign on the dotted line, ask yourself the following questions:
- Can I afford to pay a three-month rent deposit for this office right now?
- Have I asked about any hidden costs such as maintenance, the extra cost of parking, among others?
- Is this office priced similarly to other office spaces in the area?
If you’ve answered ‘yes’ to all three questions (after considering all other factors), you may have found your ideal workspace.
Although slightly less tangible than the other reasons, the style of your office space is also important. Having the right office style for your business, and having that office located in the right part of town, can do a lot for your business’s customer perception.
This is vital if you’re trying to grow your business as a top brand. Not only will the style and location of your office set a great image for clients and customers, but it can also help you attract and retain the best talents.
Style can be affected by something as small as a lick of paint or matching furniture, or something as big as the physical location and view from the meeting rooms. This is why it’s important to factor everything in before making a decision.