If you’ve ever been in search of a house, you know that settling for something less than ideal would have left you utterly unsatisfied in the long run, so you went with the best. The same is applicable to your commercial office space, where you and your coworkers and employees spend a large portion of the day.
If you’re looking for commercial office space, the location you choose is critical to your company’s success.
It affects not only your day-to-day operations and employee morale but also your brand image. There are numerous aspects that can influence the office space you choose; however, there are some that are much more critical to the process. If you overlook one of these, you may end up disappointed.
Below are the various factors to consider when choosing commercial office space
1. The Size and Nature of the Company
Naturally, the size of your organization will decide how much room you require. However, not all jobs necessitated the same amount of room. Call center employees, for example, do not require a lot of desk space, whereas architects must.
It is critical to provide ample room for your employees not just for their comfort, but also for their health. This is especially crucial to remember during a time when physical separation is encouraged.
You must adapt your commercial office space requirements to the people who will eventually utilize the area. It’s no secret that this is a time-consuming operation, which is why numerous services handle it. Some organizations target certain niches.
2. Convenience and Location
The importance of location cannot be overstated because it serves as the foundation for all other critical variables. It is derived from:
- Public transportation accessibility
- Available parking spots
- Visibility
- Closeness to suppliers
Choosing the best location for your commercial office space entails considering not just your staff, but also your clients and suppliers, as well as their convenience.
This is why you should ensure that your office space is conveniently accessible from both the highway or major highways as well as public transportation. It is critical to provide enough (covered) parking to accommodate both employees and guests.
Visibility is important not only for drawing clients but also for creating your brand image.
3. Available Budget
Don’t get too excited when you see a downtown workstation with a panoramic view Because prime locations come at a premium. Before investing in commercial office space, you should be confident that you will reap the benefits. What should you prioritize first?
- A comprehensive financial plan
- Sufficient savings set aside for unforeseen circumstances
- Expenses for commercial relocation
Before creating a budget, you should decide whether renting or acquiring a commercial office space is ideal for your company. If your organization intends to capitalize on its tremendous growth potential, purchasing at this early stage would be premature. Renting allows you to move and expand as your needs dictate.
Always set aside enough money, as the current circumstance has shown that being cautious makes a difference.
Consider employee relocation in addition to office prices in the neighborhood. Some of your employees will need to relocate closer to work with their families. Only once you have made these crucial decisions can you devote your time to searching for the ideal commercial office space.
Once you’ve found the ideal location, thoroughly analyze the costs of commercial relocation. Hiring local movers is the next critical step in ensuring everything goes as planned, as they are the most familiar with the area’s features.
Aside from enlisting the assistance of a local crew, plan the specifics of the relocation, such as the most convenient dates and duration.
4. Traffic
If you value privacy or confidentiality for your business, choose a location far from high-traffic areas. Choosing a commercial office space that is far from high-traffic-laden areas is critical to not just your business, but also your employees.
5. Consider Using a Virtual Office Space
If you run a home-based business, hosting client meetings in your living room is not a good idea because it lacks professionalism. Budgets are tight for startups, and regular business lunches may be a drain on your resources.
Virtual office space rental provides you with a professional mailing address as well as an answering service, allowing you to keep your home phone and mail separate.
6. Type Of Business
When choosing a commercial office space location, keep your company’s type of business or industry in mind. Different areas may cater to various sectors. For example, if you anticipate regular product shipments, a downtown location may not be the greatest choice.
If you’re a company searching for shared offices, a location near a downtown hub may provide prospects for networking.
7. Infrastructure
A commercial office space with adequate infrastructure should be at the top of any potential tenant’s list of desirable characteristics in today’s connected society. You want to know that the space has a solid Internet connection, as well as phone lines and mail service. Another option to investigate is managed office space.
8. Competitors in Close Proximity
Clustering with your rival may be the best or worst decision you’ve ever made, depending on the industry you’re in. It is obvious that retail establishments and banks tend to congregate in a compact area since they serve the same consumer base.
In this scenario, grouping not only makes it easier for everyone to obtain access to clients but also lowers supply costs and aids in cross-marketing.
On the other side, diving into the water with your competitors without first conducting thorough market research may jeopardize your efforts. Not to mention squandering financial resources.
Choosing an appealing business center close to the labor pool and all of the amenities is a fantastic alternative as long as you are not required to share it with other companies in the same specialty.
9. Legal and Safety Requirements
Finally, while selecting a commercial office space, make sure that all health and safety criteria are satisfied, especially when it comes to processes connected to ongoing pandemics.
Check the crime type and rates in the area just in case, and consider purchasing insurance coverage that protects both your staff and your office. Also, before you commit, have your lawyer review all of the documents related to the purchase or lease. Don’t let anything detract from your excitement about starting your new job.
10. Contingency Plan
Even with careful planning and preparation, commercial office space may not be suitable for your requirements. Unexpected incidents may occur with the space or your business.
Make sure you have the ability to depart a spot and exit quickly if necessary. Office rentals may be preferable to long-term office leases for startups or smaller businesses. Your office space selection criteria should always include an exit strategy or contingency plan.
Looking For A Perfect Commercial Office Space? Contact Us
As the leading provider of commercial office space rental in Nigeria and the world at large, Churchgate Group provides clients with fully managed commercial office space that is ideally suited to SMBs, startups, and home-based offices among others.
With our expertise in facilities and property management, we provide full-service leasing and management services that are customized to meet the needs of our prominent clients.
Our residential, commercial, and warehouse properties are designed with the highest quality in mind and are easily accessible to all major landmarks and destinations.
