How To Choose the Right Office Space for Your Business

There are many things to consider when choosing office spaces. If you are in the market for office space, it is crucial that you choose something important to your company. Office spaces will have an effect on your daily operations as well as your staff morale and brand image.

Choosing the Right Office Space

Here are five important factors to consider when looking to rent office space.

Location

Location is vital. You need to determine whether your clients can get to your business location without a hassle. Additionally, you want to know if your employees can get there easily. If you find a space with these two things to offer, you are on your way to finding the perfect location. Consider the security of the neighborhood in addition to the things that are close to your office. Maybe you would like to have it close to a coffee shop or work bar. These things help keep your staff and clients happy.

Price

This is probably the most important factor to consider when looking for a new office space. If you don’t spend enough, you will end up with an office space you are not happy with, or you may end up moving out after several months. If you spend too much, you may not be able to pay the rent or have to move eventually to downsize.

Think about affordability and if you can pay three months of deposit right now. Ask about any hidden costs such as parking and maintenance.

Company Size

Location and price will influence the size of the business location you choose. However, it is still important to mention. It is normally recommended to have at least 70 square feet per person. But since you know your business better, you know what your employees need and can do without. Remember, the size of the premises must match the size of your company. Avoid cramming your employees into a tiny space. However, avoid overspending on an enormous space that you can do without.

Contingency Plan

Many situations may cause your company to terminate your lease. This means no matter the preparations and considerations you make, you must come up with an exit strategy should the office space fail to meet your business requirements in the future.

Technology & Infrastructure

Nowadays, businesses can rarely operate without the internet, which makes this an essential factor when choosing an office space. Many office spaces are already equipped with internet connectivity and a part of the rent.

However, you should make sure that you have a stable, fast, and reliable internet connection.

Layout & Design

Finally, the layout and design are another necessity to consider since they affect employee productivity, engagement, and satisfaction. The look and feel of your space should reflect your company’s culture and speak about how much you value your company and your employees.

If you would like more information or personalized advice, please reach out to The Johnson Foundation of Florida.

Byron Johnson Blog Icon By: Byron Johnson