Friday, December 19, 2014

Choosing the Right Office Space

Four key factors come into play when you’re scouting for an office to rent for your company. Take a look at the following and consider each factor when you’re making your decision.

Price
Consider not only the monthly rent, but also the deposit, maintenance, overhead, and any additional costs that come with the space. Choose your price range wisely. Going beyond a reasonable rate will pose a problem to your finances. But under-spending may cost you in terms of the workplace atmosphere. Look to similar office spaces and compare prices to make sure you’ll be renting for the right price. Always check the quality of construction and the space’s features to get good value for your money.

Location
Narrow down your choice of location to a neighborhood within your price range. Make sure that the locale is safe, secure, and well-lit at night. Just as well, a spot that’s nearby the daily essentials of a working life -- stores, restaurants, banks, for instance -- will prove to be an asset. Ideally, the location should also reflect your company’s brand image or personality. And last but not the least, the office should be accessible to your employees and to your clients.

Size
Your price range will ultimately dictate the office space you can afford, but take its size into consideration as well. Pick an office with ample space for your staff to work in (the rule of thumb is 70 square feet per person). Your office should also have a space to meet in, as well as a reception area. Additional spaces for recreation and a kitchen are a welcome addition. If you’re planning to grow your company within the near future, see to it that the space you choose allows for this expansion.

Infrastructure
Internet connectivity and air-conditioning are often a must for today’s offices. Look to spaces that are equipped or provide for the infrastructure for such, as well as anything else that your company might need. For instance, a lot of businesses today are interested in “going green,” and other efforts in being more environmentally conscious and sustainable. To that end, look for a space that offers energy-saving infrastructure. Large, double-glazed windows that let in more natural light, and which keep the heat out, are only one example of such features.


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