Choosing office space should not be a hurried decision – there are several things to consider around the office space itself and how it impacts your business and staff. The office space you choose can greatly impact the success of your business. Office space affects your business’ day to day operations, the morale of the staff as well as your brand image.
It is highly unlikely that you will get an office space that exactly fits the requirements of your business. However, you should try to find an office that fulfills most of the requirements of your organization. Below we have compiled a list of factors you should consider when choosing your new office space.
The location should be on top of your list when choosing an office space. For almost all types of business,the efficiency and further growth depends on the location in which it operates.Thus, It is preferable to choose an office space, located in the city with a business-oriented environment and business growth possibilities. This kind of choice might be office space for rent in Philadelphia, as the city has a central location between New York City and Washington D.C. In this way, your company will have a significant presence in the area and will be close to large markets
Ideally, the workspace you select should be convenient for your clients and staff to get in and out. Also, it should be close to such things as hotels and restaurants, public transport, parking spaces, and green amenities.
The cost of renting your preferred office space is crucial. It is a fixed cost that directly affects the income of your business and the reserves it can retain. However, the cost of renting the office should not be too little; otherwise, it will result in a poor location, poor working environment, and sub-standard amenities. On the other hand, if the cost is too high, the business will be forced to spend more than it can afford.
You also need to establish if there are any hidden costs. Hidden costs such as parking fees, maintenance fees, association fees, and other additional charges may significantly increase the cost. For the best deal, it is advisable to seek the services of a tenant rep like The Jeff Tabor Group to find office space and negotiate on your behalf.
Nowadays, businesses depend on technology to survive. It is important that the office space you choose to have access to the latest technology for smooth and efficient business operations. Stable and fast internet connectivity is necessary. You also need to ensure that video conferencing rooms are equipped with the latest video conferencing equipment.
Room to grow
How do you see your business in a few years? Will growth necessitate more office space? You need to find a workplace with room for future expansion. Flexibility is important, so find an office space where you can expand. Otherwise, opt for a short-term lease, or find a place where you can easily exit if need be.
Design and style
Most people are likely to push design and style to the back of their minds when looking for office space. Well, the above-mentioned factors are considered more important, but it advisable to consider these too. Your office can be an important tool. It’s design and styles impact your business’ reputation and image in the market. They also impact employee satisfaction, engagement, and productivity.
Normally, price and location are the main factors that impact office space selection decisions. However, there are other key factors, as mentioned above. Take time to find a suitable office space for your business. Making the wrong choice can impact the ability of your business to attract clients and top talent.