If you are a proud business owner or head of a company, you understand that office space is essential for the success of your employees and overall business. The perfect office space can be hard to find. There are many factors to take into consideration, and the process can be exhausting. Follow these tips to find office space:
Consider Your Needs
How many employees do you currently have? How many are you planning on hiring in the upcoming year? What about five years? What about ten? You need to find a space to not only accommodate your current company, but also to anticipate any upcoming growth you have for the foreseeable future. How many offices do you need? How many bathrooms? It is incredibly important to write out what you are looking for and to make sure that all of your needs are met before settling on a space.
Location, Location, Location
You want to pick a spot that is both affordable and convenient. Working downtown might be nice, but is there adequate parking? Could you save money and cut down on your workers commutes by switching to a place a little more in the suburbs? Do you have clients come to you often? Can they find your building clearly and will they have parking and other necessary amenities? A good location can make your business but break the bank or give you comfortability while taking you off the map. You need to find the right location for your specific needs that will make you, your employees, and your clients lives easier.
Leasing vs. Buying
Leasing can feel like a total waste of money but buying an entire building can feel like a financial nightmare. Do you see yourself in that same spot for years to come? Does the city that you’re in have high taxes? Is your customer base consistent? If you are unsure about any of these questions, it may be in your best interest to rent instead of buy. However, if you are ready to make a huge investment into your company’s future and build up your real estate assets, buying may be for you.
The Office Feel
At the end of the day, you will be spending at least but likely more than 40 hours a week at this location. Do you feel comfortable and welcomed in this space? Does the environment feel cheery and welcoming? Or do you dread walking into this area or near this building? While it may feel silly and trivial, the feel of your space can really make or break employee morale and how likely you are to get the business of potential clients. Go the extra mile and put some time and money into making the space soothing and livable. This will more than pay off in the long run and will keep everyone related to your business happy and more productive when they enjoy their work space instead of dreading every moment they spend there.