Finding great office space is critical to your business. It enables you to communicate your business identity, value, and ethos. It also enhances daily operations and boosts staff morale and productivity. However, choosing an office space that suits your needs and is within your budget can be time-consuming and daunting. If you are in the market for your business office space, here are four tips to help you find a suitable workspace.
1. Write down your office space requirements
Whether you want to renovate an existing commercial space or buy one that’s mostly ready, you need a plan. In order to find your ideal office space, begin by listing your office space requirements. Writing down your needs helps you narrow your search by eliminating some areas.
A list also enables you to remember your requirements easily to navigate available space faster. Lists are also easier to share with stakeholders, such as commercial developers who rent or lease properties. You can share your requirements with them, and they can help you find the right property according to your needs and within your budget.
List your ideal square footage, lease term, and location. You should also include some must-haves based on your needs, employees, and goals. For instance, you could indicate the minimum number of washrooms you want for your space.
2. Partner with a tenant broker
Navigating the ins and outs of commercial real estate can be challenging, and you may end up making mistakes that leave you with a less-than-ideal workspace or being taken advantage of by landlords. For this reason, you should consider partnering with a tenant representative like Jeff Tabor Group.
Tenant brokers know more about real estate than you do, so they can help you find a perfect office space for your business. Tenant representatives also negotiate amenities and savings on your behalf to help you get a favorable contract and terms.
3. Pick the best location
The location is perhaps the most significant thing to consider when choosing office space. This is because the office location is essential in attracting and retaining the best employees. To find a perfect office location, consider the following:
- Your staff’s commute: Be sure to consider the ease with which your team can get to and from the office. According to recent research, 49% of employees prefer an office near their homes for easy and short commutes.
- The neighborhood. Can the community inform and shape your business’ culture? Are there essential amenities like restaurants and coffee shops? Does it have public transportation?
- Proximity to events and customers. Prioritize the proximity to clients, especially when your business offers on-demand customer services
4. Set a reasonable budget
Cost is a crucial factor when picking an office space. Before you begin your office space hunt, you should set a clear and reasonable budget. This helps you determine how much you can afford and compare your options.
That said, avoid going for the cheapest available space because you end up with an area that does not meet your needs and expectations. You should also not spend too much to avoid putting your company in debt. Choose an office space that balances your business needs and cost.
A perfect office space should meet your business and employees’ needs and expectations. List your office requirements, pick an ideal location, set a reasonable budget, and partner with a tenant representative to secure a suitable workspace.