Tuesday, August 20, 2013

Perfect Place For Office Space

When selecting an office space, there are a number of crucial factors to consider to ensure that your business thrives after the move.


To make sure your key employees have a relatively easy commute - otherwise, they may be tempted to seek employment elsewhere. You should also consider whether you'll have access to a skilled work force in case you decide to take on additional employees. If you're relocating to an urban area, you should look into how close the nearest subway, rail, or bus line is, and don't hesitate to speak to your staff members about how the move will affect their daily routine.

Likewise, you'll want to be close to the customers you serve. If your company sells a physical product, will you have easy access to your suppliers in your new location?

In addition, it can be helpful to look into whether there are amenities close to the office space, such as places where your workers can buy lunch or restaurants where you can treat clients to a meal.

Before you sign on the dotted line, be sure to calculate the complete cost of your new location, factoring in any utilities, moving expenses, and construction fees. If you're worried about hidden costs, hiring a professional broker may be a good option to give you a clear picture of your upcoming financial expectations. You should also be sure that you have a secure lease and rental rate-you don't want to get settled and established in your new area only to have your landlord hike up the price or rent the space to someone else.

The Building

One of the first things to look into is whether the building has effective, reliable security measures in place. Some buildings feature manned reception; if that's the case, you'll want to check out the customer service at the front desk and see if it lives up to your standards.

You should also be aware of your new building's parking situation. Is there sufficient parking for all your employees and customers? If you plan to offer your employees special rates for parking, you'll need to work that into your budget.

Lastly, is the building well maintained? You can talk to other tenants about whether they're pleased with the services offered. It may be a good idea to find out whether your building is slated for any upcoming renovations, as construction can be extremely disruptive to productivity.

The Office Space

Deciding whether a location will work for your company may take a little imagination. You'll have to ascertain whether there is sufficient room for all your employees and whether the layout will suit your company's style of work. You'll also want to ask the management company if there are any restrictions on decorating.

Finally, is there room for your company to expand? It's important to consider the well being of your business down the line, and if your new office space will prevent your company from growing, you may want to try to secure a shorter lease or ask about the possibility of later negotiating rights to adjacent spaces.

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