7 Key Factors When Choosing A New Office Space

Your office space isn’t just any other space–it’s the center of innovative ideas and the collective effort of your whole team. That being said, you should always be extra prudent when choosing a new office space. 

Whether relocating or starting up, here are several things to consider when choosing a new office space for your company:

Location

The first item to tick off your priority list is the office’s location. Choose a location that’s easy to access, not only for you but also for your employees. Ideally, the office space should be accessible for your clients, partners, and suppliers. Also, consider its proximity to necessities such as public transportation, restaurants and other amenities.

Parking is also another factor to consider when choosing the location. Is there adequate parking for both your employees and customers? You don’t want your customers getting frustrated because they couldn’t find a parking space. Downtown locations generally have very limited parking so it is important to decide how much parking you will need.

Infrastructure

Infrastructure involves several aspects, not just the internet connection. Of course, you want an office space that has reliable connectivity, especially since, nowadays, a business may find it difficult to function without an internet connection. But also take into consideration other aspects of infrastructure like telephone connections and postal services.

 If you’re planning to buy a property and turn it into an office space, you need to ensure that the infrastructure is good, especially the availability of good Internet access, electrical, heating and cooling (HVAC), and plumbing systems. If you are planning major renovations for a rehab, check out what is in stock at EasyMerchant.

Your Clients And Other Stakeholders

If you’re moving to a new office, you need to consider if your clients and other stakeholders will find it easy to access the new office. If you’ve been operating in your old office for some time, they’ve undoubtably acquired familiarity with the location and everything around it. 

Tasks And Workforce Amenities

Amenities are also an important consideration in determining how comfortable your team will be in the new office. Are there enough amenities for the whole workforce to use and enjoy? An example would be conference facilities that can accommodate the whole team whenever you need to hold a company-wide meeting. 

If you’re renting, there are important amenities that should be present in the building like shared meeting areas and daycare centers. Other amenities that may be considered are fitness centers, a lounge, cafes, and even outdoor spaces for tenants. 

These amenities will ensure that your organization remains productive at work, and, most importantly, encourage employees to come to the office more frequently, especially if you are implementing an agile workplace with remote work.

Scalability

Scalability means the capacity of your office space to be changed or modified either by size or by scale. Your new office space needs to be flexible enough to accommodate the size of your workforce and it should also have enough room to grow your team. 

With scalable office space, you don’t need to worry about having to relocate again just because the space can no longer accommodate your growing company.

Competition

While the office usually needs to be situated in a place where business is centralized, you also need to consider if there are competitors in your prospective area. Make sure and do some research to find out if there will be any competitors that would impact your business nearby.

Price

Whether you’re renting or buying the whole property, you need to know if the asking price is fairly competitive for its location and amenities. If the landlord is not providing tenant improvements, an allowance for them or if you’ll need to do any remodeling and or reconstruction yourself, make sure the price for such is reflected in the price. It is important to make sure you know what it is going to cost prior to signing a lease. You don’t want any nasty surprises after you are committed to a long term agreement.

Conclusion

A productive office space isn’t only for your team’s benefits, but also for the image of your company. Choosing a new office isn’t a walk in the park, but with the help of the tips provided, you have a few of the most important things to consider when choosing a new office space. Needless to say, we recommend you obtain the services of a qualified tenant rep to help you in acquiring your office space. They do this on a day-to-day basis and know what needs to be considered to make sure you get the right space at the best price. We have over 600 local tenant reps to assist you. Contact us today to get in touch with one. No obligation to inquire. You will be glad you did.