If you’re looking for office space, the location you pick is critical to the success of your company.
It has an impact not just on your daily operations and employee satisfaction, but also on your brand image. There are a lot of elements that can influence which office you choose, but there are five that are very critical. You could be disappointed if you overlook one of these.
We’ve all heard that famous statement, which emphasises the importance of location while selecting an office space.
Here are two crucial questions to consider:
- Is it possible for my clients to travel there without difficulty?
- Is it possible for my employees to get there quickly?
If you can discover an office that checks both of these boxes, you’re on your way to a terrific location. Consider the neighbourhood’s security as well as what’s nearby the office. Is there a gym within walking distance? Is there a coffee store nearby? Is there a bar after work? All of these items are crucial for keeping your customers and employees satisfied!
When it comes to picking a new office, price is perhaps the most crucial aspect for most organisations. If you spend too less, you’ll probably end up with an unsatisfactory office or find yourself relocating after a few months. If you overspend, you may find yourself unable to pay your rent or forced to relocate in order to downsize. Neither of these options is desirable.
When deciding how much to spend on your next office space, consider the following questions:
- Is it possible for me to pay a three-month rent deposit for this office now?
- Have I inquired about any additional charges? (Maintenance, additional parking costs, and so on.)
- Is the price of this office comparable to other office spaces in the area?
Question one offers you a broad idea of affordability while asking about hidden prices protects you from getting blindsided by charges you didn’t anticipate. The final inquiry is just to ensure that you are receiving the greatest possible deal. Always compare prices with comparable office spaces in the region to ensure you’re getting the best deal.
Obviously, the size of the commercial premises you pick will be influenced by both the variables discussed previously—location and price—but it’s worth mentioning. As a general rule, 70 square feet per person is recommended. You, on the other hand, are the most knowledgeable about your industry. If your staff, for example, require larger desks or additional storage, adjust this value accordingly. There’s also the problem of finding a place to gather and rest. You’ll need a place to meet with clients, and your coworkers will need a place to take lunch!
Here are a few simple questions to ask to determine if the offices you’re considering are the proper size:
- Will each person have at least 70 square feet of floor space?
- Is there enough room to increase worker numbers to keep up with projected growth?
- Do I have a separate meeting room for clients?
- Will my employees be satisfied with their social/recreational areas?
An overcrowded office will undoubtedly constrain productivity, so don’t save on floor space.
If you are in Penang seeking to rent a desirable office, check out One Precinct office for rent.