It's a tenet of real estate that location is key, but what are the hallmarks of an excellent location for an office space?
Whether you're an investor looking to profit from the booming office sector, or an up-and-coming entrepreneur, bright-eyed about launching your company, look for a location that comes with the following:
Choose a location that's easy to get to for employees and clients alike. Take note of the area's available modes of transportation. Ideally, your location should be accessible by public transportation, for the benefit and convenience of staff.
Lunch time heralds some free time for employees to kick back, relax, replenish their energy, and bond with their officemates over food. Restaurants, food trucks and carts, food courts and the like are very much in-demand around any place of work: they're part and parcel of the office culture.
Nearby shopping malls, retail zones, and supermarkets or grocery stores are assets to an office. They provide a default go-to destination for supplies, whether they're for the office or for personal use among employees. Additionally, shopping or going to the movies is a popular after-hours past-time. These establishments are enticing amenities to office staff.
Banks are a must, both for employees and the company itself. Financial transactions are intrinsic to the workings of any office. Banks must be around for employees to deposit paychecks to. Likewise, banks enable the office to make financial transactions with its clients, or to pay for its monthly rent, utilities, and other dues.
Amenities like parking is a must for many employees and clients. Others yet, like a fitness establishment, provide perks to health-conscious staff. If you want a space with added value, look to office buildings or establishments that offer the amenities that would serve, benefit, and entice office employees.
A famous address spells good business. It's easier to get to, especially for new clients or customers who've never been to the office before. It’s easier to remember, too. It's also a mark of prominence for the company itself. Take note, however, that popular locations often come at steeper costs.