Finding the perfect office space for your business can be a daunting task as there are many available options. Hopefully, this guide will help you decide on the perfect type of office space for your new company.
A home office can be a great place to start on day one. One big benefit is that you don’t have to lay out any money on office space rental, you will likely want to upgrade you home office to ensure you and or your team can be productive. No rent will give you one less thing to worry about and you can see whether your business will take off before you must consider finding yourself an alternative space. For a smaller company, this option will work well, but if you need more space for supplies or deliveries, you may need to rethink.
Shared Office Space
If you like the idea of being able to leave home to go to work or know that you will need to employ staff straight away, a shared office space could be a good option. Either coworking or executive suite office space could fit your needs. It will allow you to rent the amount of space you need and, the chances are that as you expand, you will just be able to rent more space rather than having to change location. Another great advantage of shared office space is that it will give your business a professional image and address from day one. As soon as you open for business, a client could walk through your door, be greeted by the receptionist, and then get shown into a nice meeting room. In industries where the image is important, this could be invaluable to your business. Most shared offices will offer you creature comforts such as vending machines, janitorial and parking.
You may think that you need more office space than your really do to accommodate storage space. This can be a more expensive way to accomodate storage needs. As a start-up business, it will be important to keep your costs down as much as possible. So, it might be worth considering renting storage space separately rather than having to rent a larger office. It can save a lot of money and provides lots of flexibility. You can always rent more storage space or increase the size of your office as you expand and it could mean that your initial overheads are lower.
Your Own Office Space
If you know that you will need a lot of staff and a large amount of room, you may need to consider a large office from the start. This could be cost-effective if you know you will need the space soon after setting up, as it can save you the cost of relocating later. However, you should factor in the costs associated with renting your own office space. Among those expense is business property insurance. There are quite few companies, like The Hartford Insurance Company, available to arrange business property insurance for you at a cost-effective price that will give you peace of mind.
If you are considering either shared office or renting your own office space, make sure to consult with a tenant rep. We have some of the top representatives available to assist you and at no cost to you. Give us a try. Contact us today for a no obligation discussion on how we can make sure you avoid costly mistakes and get the right space at the right cost.
You’re not alone if you’re worried about how your team will handle the move back tothe office to whatever sort of in-person work your company plans. Most employees, you’ve already seen, don’t want to go back to whatever normal looked like before the outbreak.
According to a recent Harvard Business School survey of 1,500 employees, 81 percent of them either don’t want to come back to the office or prefer a hybrid work paradigm. Of them, 27 percent want to work from home full-time, while 61 percent want to work from home two to three days a week. Only 18 percent want to return to full-time in-person work.
While those percentages may vary depending on your team, it’s safe to assume that the vast majority of your employees will be disappointed when your company reveals its plans for a return to work.
So, how can you keep your staff motivated and engaged during a corporate transition as a leader? Of course, part of that will be dictated by factors outside your control, such as the level of flexibility provided by your employer.
Employees will be less resistant to the move back to the office if they have greater control over their work structure. Setting aside the things you can’t control, there are a few things you can do to make the transition to whatever your company’s version of “next” looks like easier for everyone.
1. Be open without appearing to be a victim
When you can’t provide employees with the level of flexibility they expect, listen to their concerns and disappointments with empathy. Make as much information regarding the organization’s logic for the policies in place as possible.
Never say something like, “I’m sorry, but it’s out of my control,” as this shows weakness and defensiveness, which will likely irritate them even more. Early on, bring up any issues you have and convey them regularly.
People will assume you know more about new regulations and protocols than you do, and you may be asked questions for which you have no satisfactory answer. Learning to respond honestly will be crucial to demonstrating excellent leadership.
Inform them ahead of time about any impending changes you learn about, and let them know what you’re doing to keep them informed. You may help ensure that others’ expectations don’t become roadblocks in an already difficult shift by successfully managing their expectations.
There will almost certainly be a lot to keep staff up to date on when they return to work. In reaction to lost revenue, new office regulations regarding health and hygiene may have been created, new programs may have been implemented, and bonuses and incentives may have been updated.
Each and every returning employee should be given documentation on any office changes, and if there are a lot, you might want to prepare a packet and keep it on each person’s desk. Even if they are receiving digital pay statements, it is a good idea to include a YTD paystub in the package. YTD stands for year to date. This will help the individual to reorient themselves to the new normal and assess their personal progress so far this year and make it easier for them to create a pay stub.
3. Involve the team in balancing the requirements of individuals and the collective.
If you have some control over how WFH regulations are implemented on your team, you’ll need to figure out how to apply those principles to specific situations without being unjust to others. After being apart for so long, it’s critical to reestablish cohesion, so you don’t want to start with some people feeling resentful of the flexibility you provide others but not them.
Engage your staff in determining how to best use the discretion you’ve been given wherever possible. Allow each member to voice their requirements and preferences, and then charge the team with balancing them within the parameters set. Single parents, for example, may have different flexibility requirements than those caring for aging parents. When it is their decision to do so, people will be more flexible, even sacrificing, for the sake of the team.
Encourage the team to develop new work practices that everyone follows for both where and when work is done. Ensure that all meetings, for example, have video links so that individuals working from home can participate equally.
Set specific work hours, such as 11:00 a.m. to 2:00 p.m. ET, during which everyone must be available online, as well as weekend boundaries during which everyone is expected to be offline. If you’re having a large meeting, have everyone attend from their computer, whether they’re at home or at work, so no one feels left out.
People will be significantly more dedicated to the solutions they help build, and the creativity they demonstrate may energize and generate excitement for the transition, alleviating whatever anxiety they may be feeling.
4. Allow people to grieve in their own time.
Regardless of the level of flexibility you provide, the transfer from WFH may signify more than just a loss of control over their time for individuals. Some folks were bereaved by Covid-19 but never had the opportunity to say their final goodbyes. Others renewed their relationships with their spouses and reached new levels of intimacy with their children.
Others have created personal routines that will be interrupted as a result of the changes. Allow individuals to grieve the loss of whatever this past season has meant for them, no matter how good “next” may be. Some people may appear to be unusually silent. Others are a little terse.
Some people may become teary-eyed when a coworker recalls their family. If you give folks the opportunity to let go of the last 18 months, they’ll be more able to embrace the new normal you’re encouraging them to help build.
5. Bring all of the pandemic stories together in one place.
While the pandemic’s horrors cannot be overstated, there were some unexpected benefits and lessons for many. As dinner tables functioned as classrooms and workplaces, there were WFH blunders with video cameras and kitchen pandemonium.
Unexpected revelations of personal resilience and inventiveness, as well as revelations of personal limitations, necessitated the development of self-compassion. One of the organizations with which I work is throwing a “return-to-next” reentry party, at which each team member will build a digital scrapbook of their favorite pandemic experiences.
You can assist your team see each other in a new perspective by sharing aspects of the past 18 months that they encountered while separated. We will not be the same people we were 18 months ago. Creating a unique experience to uncover who you each became will renew your team’s relationships while reinvigorating your excitement for the future.
6. Be a source of happiness.
Creating a sense of lightheartedness for your team is one of the finest methods to alleviate any angst they may be experiencing. There are certain aspects of working life that individuals miss: routines that your team liked, festivities that were halted, and opportunities to go off camera and feel less isolated.
According to a PwC report from June 2020, 50% of employees believe that teamwork and relationship building are better in person. Assist folks in seeing how you’ll be able to reestablish those things once everyone has returned. Humor, when utilized properly, may be very beneficial in bringing delight to others.
Share your own tales of WFH mayhem to encourage others to do the same. This is an especially opportune opportunity for you, as the team’s leader, to demonstrate servanthood by doing all you can to personally ease the transition for team members who may find it tough. Demonstrating true support today will strengthen the team’s loyalty and commitment to one another, as well as to your performance goals for the year. This way you mill some high income skills as a team leader.
If the move to WFH wasn’t difficult enough, returning to the office could be even more challenging. Our minds will be searching for familiar routines to “return” to, but they will not exist. Our brains will have to devote extra energy to adjust on the go if this happens.
This transition will encourage us all to bring our best selves back to work and demonstrate how the pandemic has strengthened us. Knowing this, your job as the team’s leader is critical in assisting people in navigating this with optimism, kindness, and patience in order to ensure that those are the versions that come up.
And if you are looking for an office for your employees to return to, we can help! Our local reps know the market, know the landlords and know who takes care of their buildings. Contact us if we can help! No obligation.
Each year, the contemporary office setting continues to evolve. The standard office interior design setting has significantly improved from the traditional desk and chair in a confined room, to the colorful open office designs, with large glass windows and ergonomic furniture. Thanks to the continuous evolution of work offices, many companies now ensure that their interiors inspire both employees and their clients.
Your office interior design can affect how your employees perceive their work environment; many company owners consider office design to be one of the key elements for their business success. As an example, the more convenient, welcoming, and efficient your office interior design is, the more likely your clients will feel comfortable there. The same goes for employees; working in an efficient and beautiful office can help to improve their emotional and physical health, leading to improved productivity and a more positive work attitude.
Planning your office interior design should not be taken lightly. If you’re new to office designing and you don’t know where to start, here are six interior design tips that can serve as your guide throughout the designing process:
1. Plan To Maximize Space
Planning your office space is not only about décor, but also about providing enough coverage for your employees, office supplies, furniture, and clients. The more spacious your office is, the more organized it will look; a spacious office allows you to have separate areas for your employees, management and even recreation. An organized office space can also encourage an efficient workflow. When employees have enough room to complete their tasks, it can boost their productivity. Make sure your office desks, tables, and office chairs are arranged evenly throughout the space to give each employee the space they need for themselves and their office supplies. A tight budget shouldn’t be a hindrance to provide some sort of organization to your office. For instance, you can use pallets to build wooden crates as containers. That way, you still save money without sacrificing aesthetic and function.
2. Let Natural Light In
Lighting plays an essential role in achieving an efficient and appealing interior office design. The best lighting you can use for your office is natural light, thus, it’s vital that you make smart choices for your office blinds. Some blinds tend to limit your access to natural light, while others, such as semitransparent blinds, can maximize natural light usage by letting more in. You can browse reputable interior designers for more inspiration about which type of office blind is suitable for the space you’ll be working with. The more daylight exposure you can provide in your office, the more chances it will increase your employees’ productivity. Daylight has been known to boost people’s mood, helping them to have a positive work attitude, and using natural light can also enhance your office interior design, making it livelier and more welcoming.
3. Incorporate Your Company’s Identity
Now that you’ve planned out your office layout and how you’re going to maximize the natural light, it’s time to think of ideas for designing your office’s theme and decor. The first thing you need to consider before settling on a design concept is your company’s identity, ask yourself how you want people to perceive your office when they first step inside. If your company is related to the fashion industry, it may be best to plan your office interiors to include recognizable elements of this. You can use colorful walls, prints, and accented furniture to convey that this office is all about fashion and make a statement through styles and colors. Meanwhile, if your company is in line with the law, finance, or marketing industries, it may be best if your office design is more formal and used muted tones to make sure that it conveys a serious and trustworthy business image.
4. Invest In Good Furniture
In designing your office interior, don’t forget to consider your employees’ well-being, the best way to do this is by investing in good quality furniture. Generally, people working in offices spend around eight hours per day sitting at their desks, it’s very common for office workers to complain about back and neck pains due to this, if their workstations are not designed effectively. The best way to prevent injury and strain on your employees is to provide them comfortable and ergonomic chairs and desks to support their body and reduce eye strain. Not only will the right furniture help them work comfortably, it could also have a big impact on their productivity.
5. Choose Colors Wisely
Your chosen colors can significantly impact how people feel in the office setting, so it’s essential that you choose them wisely. One way to choose the right colors is by using color psychology. Some studies have shown that colors may have the power to affect people’s mood, for instance, if you use blue for your office walls, it can convey a calming and peaceful vibe for the employees and clients. By contrast, if you choose to use red on your walls, it can give out an energetic vibe. Do your research and make sure you pick colors that align with your brand, while projecting the kind of energy you want in your office.
6. Create Collaborative Spaces
It’s common for offices to host corporate meetings and client collaborations, when designing your office, make sure you set aside an area intended for these types of gatherings. An office interior designer can help you create an innovative layout that can maximize the floor space available to you, without feeling cramped. Moreover, you can optimize your office space layout by creating a multipurpose area, aside from being a meeting room, you can also use this for events and other company functions. When planning the décor for a multipurpose area, consider including round meeting tables, corkboard panels, whiteboards, and other materials required for business meetings or presentations.
Office Interior Design Takeaways
Traditional office interior design has come a long way from dim cubicles, to more flexible office spaces that cater for efficiency, convenience and design.
Don’t forget to incorporate these tips mentioned above, to help you create an appealing and efficient interior office design that both your employees and clients will love. Be creative and start planning your layout today!
We can help you find the office with just the right design for you, whether conventional or flexible space, we can help. Contact us today for a no-obligation discussion on how one of our local tenant representatives can help.
The arrival of a new baby brings joy to the parents. However, it isn’t long before the family realizes that their focus on career and work has gone down. A recent report shows that nine in ten families with a new baby have at least one working parent. This means that one or both parents must continue working after the arrival of a new child and has the potential for childcare work issues.
Although remote working and freelancing have replaced the traditional 9 a.m. to 5 p.m. employment, the majority of people still have to go to work during the day. Most companies are yet to create kid-friendly workspaces. Similarly, daycares are nowhere to be found in most corporate environments. Parents soon discover that they spend very little time with their children because they have to go to work every day.
Some parents try to take new careers, reduce their working hours, or come up with a flexible working schedule as they raise their children. While this can increase the amount of time you spend with your child, you’ll still be facing several problems. So, is everything lost?
Enter Coworking Spaces
The first coworking space in the US was opened in 2005. Although coworking spaces did not sprout quickly, they have become very many across the country in the recent past. Here, you will find remote workers, freelancers, and professional teams sharing one office. Studies have proven that people working in co-working spaces have higher productivity levels than those working in traditional offices.
As the demand for coworking spaces increases, many coworking companies are creating new features. One of the most famous updates is the introduction of a child care unit within the coworking environment. The child care unit has various purposes and features. Many resemble the standard daycare models, while others are more like babysitting services or ‘after school’ style learning experiences that encourage skills like math, science and even coding. The entire idea is to enable parents to work as they know they have the care of their children.
If you find a coworking space that has childcare components, you can expect many benefits from that place. First, you will be working alongside people with similar challenges and opportunities. They, too, will be taking care of their children as they try to cater to clients and their careers.
Similarly, the coworking space comes with shorter commuting distances within the day. You don’t have to travel far during lunch breaks to see your children. You can just be working as your children play nearby.
Unfortunately, not everything goes well in coworking spaces with childcare components. There are fluctuating rental prices, lack of appropriate locations, and incompatible childcare facilities. When somebody starts a childcare facility, they must satisfy many requirements.
For example, they must get the right license for the business and their employees. Similarly, there is a child-to-adult ratio that must be adhered to at all times. At the same time, if you want to take your child to work, you must get the appropriate license.
Places Where It Has Already Worked
Despite the existence of many challenges, some coworking spaces with childcare facilities have seen immense success in the last few years reducing childcare work issues. One of these companies is The Workaround. The Toronto-based company promotes a working environment where creators, artists, and parents can work together. Everybody is a parent with a dream to fulfil and children to take care of.
The main obstacle to establishing coworking spaces with childcare facilities is the lack of proper regulation. Authorities have placed tough ratios and facility requirements on daycare facilities.
It is seems obvious that coworking is the future of the office. It balances the flexibility of working from home and the professionalism of going to an office. The introduction of childcare facilities at coworking spaces means parents of young children can continue their careers and work when their baby arrives and mitigate childcare work issues.
We can help you find a coworking space that meets your needs. Contact us today to learn more.
Working in the same office space layout for many years is not refreshing, and sometimes a renovation is required. While the idea of renovating an office space is very exciting, the process may have several challenges. It is important to ensure that you have the right strategy when you are thinking of renovating your office space. For starters, it is important to have a flexible budget that will allow for any overheads to ensure that unavoidable overheads will not slow down your renovation process. There are services you can use like CostCertified to help you with your financial planning for the project and QTO Estimating for estimating the costs. It is also essential to ensure that you already have a renovation idea before contacting your contractor ahead of the renovation. In most cases, it is not always easy to decide on the type of office layout you would like to have in your office. Fortunately, we have listed the top 6 ideas for renovating your office space in this piece.
1. Create a Collaborative Working Space
Creating a collaborative office space is one of the unique ways that you can design your office. In the recent past, most companies are incorporating this form of office design because it boosts teamwork in their organizations. Moreover, a collaborative layout is more spacious and more comfortable.
2. Break Out The Office Spaces
Break out space is essential in this modern era. Ideally, it is an office space that is not part of the normal working space. This space is helpful when someone needs some alone time to think about something. This is somewhere that someone can go and relax while at the same time thinking about major firm issues. In the long run, a breakout office space will enhance the productivity of your firm.
3. Create Private Workplaces
Adding a private workplace in your office plan is also an exceptional idea. It will create an additional space where the workers can go work from, for them to be more productive. Ideally, there is minimal noise in private workplaces, which would ensure that the worker concentrates on what they are doing. The private office space will enhance your firm’s productivity because your workers will have an ideal work area.
4. Invest in Desks
Generally, you and your employees spend a lot of time at the office, meaning that you should invest in things that will make you more comfortable in the office. For starters, you should ensure that you get modern desks when you are redesigning your office. Don’t fear to invest in quality desks that will enhance your comfort and that of your employees at the office because they will enable you to become more productive. Moreover, quality desks will help in preventing backaches.
5. Enhance Lighting
When redesigning your office, ensure that you create more space to allow your office space to get more sunlight. Sunlight will brighten up your office, and it will also make it look bigger.
6. Add Some More Bright Colors
This will serve the same purpose as allowing more sunlight to the office space. It will also boost the mood of your workers.
While renovating an office space may not be a smooth process, you should follow the tips we have outlined in this piece to make this process a no-brainer.
And if you’d rather make a move, we can help you find the office with just the right renovations for you, whether conventional or flexible space, we can help. Contact us today for a no-obligation discussion on how one of our local tenant representatives can help.
Besides being trendy, flexible, and calm, coworking space is an affordable alternative compared to renting traditional office space. Such working models are currently in vogue, with more people preferring them to conventional working offices. Approximately 77 percent of those using this working model claim that it provides more benefits than previous arrangements. From improved networking options, easy accessibility, peace of mind to flexibility, co-working spaces are undoubtedly the best.
This working model has gained popularity, with several fortune companies, including Facebook, Microsoft, and Starbucks adopting it. However, while this formula provides several benefits, it presents some of the biggest risks in equal measure. Therefore, if you intend to adopt a co-working office space model, consider the following tips for utmost safety.
1. Protect Your Network
Your company and clients’ data are key valuables in your work. However, cybercriminals can take advantage of several vulnerabilities to hack into your network. Before connecting to any WIFI network in a co-working space, ensure that you determine the available security measures. Hackers can set up spoofed networks designed to seize any incoming and ongoing traffic from office connections.
You can also fall prey to WIFI sniffing, a technique used by hackers to intercept data shared over public networks. Through this, they can capture key details, such as browser history, usernames, and passwords to crucial documents. Intruders can also gain access to your essential documents by installing malicious malware and much more.
That said, installing strong network security measures is the best solution that keeps your co-workers’ information safe. Since hackers target WIFI networks, consider hosting co-workers on personal networks rather than one WIFI network. You should also allocate them different credentials and unique passwords. With this, even if one network is hacked, other workers will remain safe. You can also invest in an electric timer that automatically switches off the WIFI connection overnight.
Installing antivirus and software to protect your network is crucial. Strong antivirus helps mitigate risks, filter your mailbox, and protect the WIFI network.
2. Watch out For Security Updates
Even after installing proper security measures to your network, you should constantly be on the lookout for updates. This will prevent your network from vulnerabilities to cybercriminals and data miners. Hackers spend a lot of time searching for security loopholes on networks that they can exploit. However, you should take advantage of security updates regularly released by security companies that patch the vulnerabilities. Ignoring them exposes your business network to unimaginable security risks.
The Wannacry Ransomware Attack is a perfect example of a cybersecurity threat that most businesses could have averted if they had made network updates timely. To be sure, make a point of hiring specific IT experts who frequently check your devices and networks for security updates. You can as well opt for an easier option of automating the updates.
3. Train Your Workers
Your employees are at the forefront in preventing and fighting various data security concerns. Unfortunately, more than 90 percent of data breaches originate from human error. As such, it is prudent to ensure that your employees are trained on the common security vulnerabilities and ways to avoid them. Educate your workers on data security and the ways it can affect their work. You should also train them on how they can prioritize data security when handling your client’s data. You could also consider hiring cybersecurity professional.
4. Be Keen for Phishing Attacks
Over time, phishing attacks have terrorized several unsuspecting businesses, and they may be detrimental to your co-working space as well. Recently, one of the common phishing attacks launched by hackers used the ongoing Coronavirus pandemic to dupe naive internet users. Cybercriminals working in a façade of trusted parties can send emails or texts to your employees or users of your co-working space to access login credentials and steal crucial business data.
Fortunately, phishing scams are easy to identify. For instance, some have obvious spelling mistakes, and others are written in an unnatural tone. Therefore, encourage your employees and co-working individuals to look out for such nominal errors when reading their emails and texts. Other measures to avoid phishing attacks include;
Installing updated firewalls and web browsers
Avoiding emails that come with some sense of urgency
Not sharing crucial business information with unauthorized individuals
Installing software that filter emails commonly used for phishing attacks
The use of coworking space is increasingly becoming a mainstream working option for various people. From freelancers, startups, and established businesses, remote workers to part-time hobbyists, this working model attracts people from various backgrounds. Besides providing an accommodative and appealing working environment, it is important to ensure that it is protected suitably.
Businesses should protect their crucial company and clients’ data from cybersecurity threats in all ways. Note that your co-workers’ data security is strongly tied to security measures placed in the coworking space.
If you are looking for office space, coworking space or traditional, we can help. Contact us today to find out about our no cost service.
A new workstation setup can affect a employees’s performance and mood. That is why when choosing workspaces for your employees, you need to ensure that they feel comfortable in the area. The working environment needs to create a positive ambience, influencing the work performed by the employees in a good way. Having plenty of working space in the office to move freely and comfortably can also help boost the productivity of employees.
Many businesses choose to build or rent small offices for their employees. Some companies also take advantage of using coworking space to optimize the cost of operating their businesses. Jeremy Ellis from Launchpad says that the prices of coworking space is around $600 per month since the start of 2020 despite the rise of many companies adapting to new normal and remote working practices.
Individual’s and team space within a coworking space tend to be small, so how can you ensure that the small space is maximized for your employees? Here are four ways you can increase the working space of your business:
1. Choose The Right Furniture
Some coworking spaces aren’t fully furnished, and you need to buy furniture for your workforce. This is an excellent opportunity for you to choose furniture pieces that are compact yet functional. It’s important that you know the total office area before buying any furniture to maximize the space.
Aside from that, it would be best if you considered the needs of your employees when buying furniture. Do they need a desk with drawers? How much storage space does each employee need? Are you planning to have a common area for meetings? Choosing the right furniture will not only complete the working spaces for you and your employees, but these will also be critical in making the room look more significant, professional, and functional.
2. Go Paperless
Documents and other different papers fill up storage spaces in any office quickly. If you want to clear up significant space to store other items or convert it to an additional workspace, you should consider going paperless.
By going paperless for business, you won’t have any more problems with consuming resources and money on documents. Not only will you be able to cut down on paper costs, but you will also eliminate the clutter in your office. That means no more filing folders and files everywhere! There will also be no need for mailing the papers or hardcopy files. The time you save by going paperless for business can give you more time to do more important things like running your business, improving your marketing strategies through an online system, and cultivating a desirable work culture.
Aside from that, uploading to the cloud is also one of the effective ways to store private information. This is also essential to protect the confidentiality of these materials. Make sure that the passwords are given to people who are allowed to access the documents.
3. Choose The Right Layout
The first factor that you need to consider when thinking about maximizing office space is the layout. You need to think about your office design and make sure that all of the furniture pieces that you will be using will fit into the allotted area.
One of the best tips to use when arranging your office layout to maximize the space is to place furniture on the edges of the walls. It would be best if you aim to have an open space concentrated in one area to make the small office space look less confining. You can add an area rug in the middle area to avoid a cluttered view.
4. Provide Enough Storage Space
Having enough storage space is one of the best ways to keep everything in the office organized and to avoid clutter. When choosing an office storage space, you should consider the needs of your business and your employees. You must provide your employees with lockers so they can place their personal items on these cabinets. It’s also a good idea to give locks so they can keep private things safe.
You should also choose the appropriate storage space for every item that needs to be kept. There are file cabinets for documents, and there are also cabinets or boxes to store some office supplies. To keep everything organized and reduce the clutter, it would be helpful to use labels to keep everything in the right place.
There are plenty of ways to maximize office space without breaking the bank. By staying organized and providing the right furniture and storage space, you create a lot of working space for your employees even when you have a small office. Aside from that, it would be best if you consider going paperless so you won’t have to stack and store paperwork that uses a large amount of space in the office. Maintaining a small office space and maximizing the area will help you reduce business costs while increasing your employees’ productivity.
And if you are looking for office space, coworking or traditional, we can help. Contact us today to find out about our no cost service.
Office Space Rental is one of the significant expenditures of a rising company. It makes sense then that negotiating for an acceptable lease is a challenging yet necessary process one has to take. Take note that there are several approaches you can adopt to obtain the best deal without undermining your finances or slowing down your business.
Regardless if you hired a tenant broker, do your research on the space you want to rent. Are there other companies eyeing the property? How long has the place been empty? These are aspects that can significantly impact your negotiation process.
And since there’s no such thing as a standard lease, you will find below five tips when negotiating the office space rental you want.
1. Settle Length of Lease Period (Term)
Property owners or landlords are usually amenable to grant long-term leases. In a way, this condition can be beneficial; however, it’s normal for the company to adjust. When this change happens, you’ll find yourself stuck in a lease with either a sizeable or small space for your business.
As a tenant, aim to negotiate a short-term contract with extension options. For instance, seek a two-year deal with a two-year extension option instead of a four-year agreement.
2. Manage Rent Hikes
When it comes to office spaces, it’s unusual to find fixed rent with long-term contracts. Typically, property owners expect yearly increases based on rate hikes found in the Consumer Price Index (CPI).
If the landlord requires rent hikes, see if you can arrange for a fixed CPI rent increase. For example, your monthly rent is $7,000 a month. Your second year will increase to $7,200 per month, then $7,400 a month on your third year.
3. Explore Hiring a Tenant Broker
Yes, it’s common to come across stubborn landlords with unreasonable requests. If you’re in this tight situation, you may want to look for alternative office space to rent.
A credible tenant broker, aka tenant representative, can help your company search for available spaces or industrial developments like the Gloucester business park. These professionals can give you a background and help you understand the dynamics of the market. Moreover, they can help you discover office spaces that satisfy your standards, set up viewings, and go with you to see these properties.
Tenant brokers likewise help their clients draft offer letters and deal with property owners so you can obtain a sensible lease for your company.
4. Discuss Office Space Improvements and Repairs
Meanwhile, please note that some contracts will include clauses that state tenants must reinstate premises to their primary condition.
See if you can modify the provision to say that you will return the office space in the same state at the start of your contract as a tenant. This condition excludes devastation by fire that isn’t the responsibility of the tenant and usual wear and tear.
Furthermore, if the property requires upgrading or enhancements, who is responsible for these repairs? Suppose you want fresh carpets, new paint colours, or re-arrange the layout of the office area. Take note that many leases state that tenants can only modify the property with the property owner’s consent.
Request for a provision that allows you to render alterations with the landlord’s permission and that consent will not be unduly conditioned, hampered, or delayed.
5. Be on the Lookout with These Provisions
Lastly, be on the lookout for these one-sided clauses that strongly favours property owners:
The property owner restricts potential assignment or subletting
The property owner expects the tenant to settle tax escalations stemming from the property sale
The property owner has the right to rescind the contract at the landlord’s convenience
The property owner rents the space ‘as is’ to waive compliance with the Americans with Disabilities Act or any environmental laws.
The property owner demands a personal guarantee of the principal shareholders of the business
The property owner transfers to the tenant additional operating expenses such as repairs, insurance fees, and building taxes.
Keep in mind when negotiating an office space rental, it’s best you carry a definite understanding of what you’re willing to consider and what you can propose. It is also best to have a tenant representative working on your behalf. Always document everything in writing when clarifying lease details that you don’t understand. While this will make the process longer, it will provide you legal protection in cases some of your negotiated terms get excluded in your contract.
It’s essential to study your lease carefully. The contract can possibly contain numerous details you’ll not understand. When faced with this kind of scenario, highlight each unclear point, and discuss it with your tenant broker or the property owner.
Our tenant representatives at OfficeFinder do this day in and day out for their clients. Contact us so we can connect you with one in your area. There is no cost for their services and no obligation to request info.
Deciding on offices to rent is an important part of running a business because the legitimacy and professionalism of the brand can depend on the appearance and functionality of the office. It’ll be challenging for businesses to haul in clients and employees if their offices look unkempt or don’t have any amenities.
If you’re having a hard time finding offices to rent and can’t get the help of a tenant rep in out of the way locations like office space Oxford and need to do it yourself, this article can help. As long as you know what factors to consider, you should be able to find offices to rent that suit your budget and helps your business succeed.
Here’s how you can find offices to rent in your area:
1. Know How Much Space You Need
Contrary to popular belief, appearance shouldn’t be one of your first considerations when finding an office. For you to be fruitful in your search, you need to start by determining how much space you need.
One good rule of thumb to follow is to ensure that you have about 150 square feet for every employee. This space is sufficient for your employees to move around and utilize several pieces of equipment at work. Use our office space calculator to help determine how much space you need.
2. Determine Your Budget
Finding the perfect office for your business doesn’t mean you’ll need to spend your entire business budget on it. If you want your business to thrive for years, it’s essential that you determine and stick to a budget when finding an office to rent.
Make sure to consider the following when determining your budget:
Determine the average price per square foot
Add common area maintenance fees
Don’t forget to include utilities
Any NNN charges such as taxes, inusrance and maintenance
3. Consider The Location Of Your Employees
Your employees play a vital role in the success of your business. Without them, it’ll be challenging for you to oversee different areas of your business and ensure that your business continues to thrive in the long run.
When finding offices to rent in your area, don’t forget to consider the location of your employees. Ideally, you should rent an office that is convenient for your employees to travel to or is located near their residences. Doing so allows your business to retain and maximize the best talents.
4. Ask Recommendations From Trusted Sources About Agents
You can always work with agents, aka tenant reps, to help you find offices to rent in your area. There are many agents offering their services today. Do you know whom to choose? Fortunately, asking for recommendations from friends who have done this and relying on trusted resources, like OfficeFinder, can help.
Hiring agents will make it easier for you to find offices to rent in your area as these individuals have years of experience in the local real estate market, which means that they can suggest properties you never knew existed. They can also recommend the best locations convenient for your employees and customers.
5. Pay Attention To The Landlord
The landlord you choose to work with can significantly affect your life as an entrepreneur and the productivity of your employees in the long run. You’ll likely experience stress when your landlord requires you to pay hundreds of dollars just to fix one broken light bulb in your office.
The attitude of the landlord can influence the value you can get from your rent, which is why you should exert time and effort to know more about the landlord you’re eyeing to work with. You can do this by talking to some tenants of the building. The information you can get from these individuals will help you assess whether the landlord is professional and fair to their tenants or not.
6. Do Your Best To Negotiate
Money is important in every business, especially when you’re still starting. It’ll be challenging for the business to thrive and succeed if you eventually ran out of finances after a few years of operating.
For you to find offices to rent in your area, make sure to consider the price and do your best to negotiate. If you’ve seen an ad about an office lease that costs $4,000 a month, don’t immediately sign the contract. Set an appointment with the landlord and negotiate the rent down at least 5% below the listed price. You’ll be surprised how many landlords are willing to negotiate and accept lesser fees for their spaces. Especially now with the pandemic slowing business down.
There are countless offices available worldwide. Regardless of the nature of your business and the audience you want to engage in, you’ll be able to choose from several options. Find out more about the leasing process.
But for you to find the best office for your business, it’s best if you start your search early and use the services of a tenant rep, like the ones at OfficeFinder, if you can. Contact us today if you would like some assistance. There is no cost to our service or the services of our tenant reps.
The workscape today varies vastly from 10 or 20 years ago, with around eight million people working from home part of the week — a fact that is indicative of the big changes that ubiquitous connectivity have brought to all sectors. The Internet, new software and new hardware have made it easier for companies to work in a ‘smarter’ fashion (i.e. more efficiently, more speedily, and with a lower rate of errors.) Whether you have a small or medium-sized business, you may wonder what steps you can take to improve procedures. If so, discover a few tips for taking the leap to smart working methods.
Smarter Office Space
Smart office design takes into account the different needs that different employees and procedures have. A simple ‘open office design’ won’t do, for instance, in companies in which sales or management have to meet privately with important clients, or where some employees require complete silence to do their job. However, because the aim of smart working is to achieve goals in the quickest, most efficient way possible, it may also involve investing in employee’s home offices; providing them with the equipment they need to take part in video conferences and to liaise via professional networking platforms. Smart companies can go the extra mile by ensuring home-based employees have ergonomic equipment and tools, so they can perform at their best but also protect their health.
Relying on Technology
There are a bevy of tools available to enable teams to achieve goals in a more evidence-based, reliable fashion. As stated by JournyX, companies that use timesheets or who have employees who accrue expenses, can track and manage these aspects of an employee’s working life via dedicated software. The latter should meet customized needs, validate time and expense data so that managers don’t waste time looking for and correcting mistakes, offer integration with key business symptoms, and capture real-time insights and provide visual dashboards. Other tools commonly used by smart teams working in various locations include blockchain (to protect sensitive data), collaborative tools like Office 365, Podio and Asana, and MindMeister (an online mind mapping tool that captures and shares ideas via a visual framework).
The final link in the chain is experience-based working, which seeks to provide workers with an ideal environment — one in which employees have a say regarding where, how, and when they work. The current health crisis has prompted many companies to make a permanent change, as their results showed that allowing employees to work from home has boosted rather than hampered performance. Deutsche Bank, for instance, which once only had a few thousands employees working remotely, adapted quickly and efficiently to a situation in which up to 70,000 were doing so. In the UK, around 95% of its staff are working from home and there is no reason why this cannot continue in the long-term.
Smart working involves questioning older systems and their efficiency, analyzing whether or not they are still useful today. It also involves relying on software and online networking to enable teams to work together smoothly. Finally, it involves greater flexibility and customization, so that employee feedback can be taken into account when deciding on matters such as place of work and schedules.