12 August 2019
4 Things To Consider When Choosing Office Space
Moving to a new office location is an exciting time - whether youíre relocating to a larger office due to growth, or moving to your first office space to launch a new business. Your location will play a key role in the growth and success of your business. It is crucial, therefore, that you do thorough research to find the most suitable office for your business. Here are four things that every business owner should consider when choosing office space.
Your office location is crucial, so itís vital that you do plenty of research to discover the most suitable place to base your business. Some areas are far more popular with entrepreneurs. For instance, Shoreditch in London is a highly sought-after location among business owners due to its great selection of local amenities, fantastic transport links, and excellent reputation. If you are considering starting a business in the capital, then itís important to get advice from property professionals with London knowledge. Having this expert guidance will help ensure that you choose the best office location for your business.
2. Business Type
The type of business you have will also influence the most suitable office space for your company. For example, if your business is retail and relies on customers visiting your business premises to make purchases, then you may want to consider finding an office space in a busy town centre location that has high footfall. Whereas, creative businesses often benefit from being located in suburbs that offer trendy cafes and have a more community feel.
Accessibility is a significant factor to consider when choosing an office space. You need to select business premises that it easy for employees, customers and clients to get to. Having an accessible office space will also make it far more convenient when receiving deliveries of stock and other products. Make sure that you check what parking is available at the property and whether there is access to public transport links in the area. If your business will be hosting international clients, then it is also essential to check what airports are nearby.
Your budget and what you are willing to pay is obviously an important factor to consider when choosing an office space for your business. If you spend too little, then you risk having an office that youíre unhappy with or one that does not meet your needs. However, at the same time, it is important that you choose an office space that you can afford, or you risk being unable to make the payments and having to downsize. When you are renting an office space, make sure that you factor in any hidden costs such as maintenance and parking. You also need to ensure that you have enough funds to cover the deposit, which is usually the cost of three months rent.
Choosing your office space is an extremely important task that can have a significant impact on your business. Make sure that you take the above factors into account to help you choose the ideal office space for your business.