Choosing the right office space is all about creating a balance on all elements surrounding your brand. While location is indeed crucial to company success, there are other factors that could strengthen your brand presence and forge sustainability which can take your business from one point to the next big leap.
There are obviously tons to consider whenfiguring out your next office space. While economics would be a pivotal role in the selection process, the rental rate is just one of the key factors into deciding what office space would match your business needs.
Here are some of the questions to ask before choosing an office space:
- Is this the right location for my business?
Yes, location is still the king in the decision-making process. Check on the convenience and accessibility factor of the location for both your employees and customers. You should also make sure that the office space is near the shopping district with restaurants, hotels, hospitals, gyms, grocery store, pharmacy, and the like. With the transportation costs going up, more employees are looking to work close to home so this should also be an important factor to consider when choosing an office space.
- Can I afford it?
Next to the location in looking if it’s strategic or not; is of course the price factor. You should ask yourself if you can afford the office space. Is this something that works within your budget frame or would you need a loan? Apart from the rental expenses, the true costs of an office space would be the sum of the repairs, maintenance, janitorial, and the like. You should have an overview of the total operating costs to determine whether you can afford the office space or you should explore other options.
- Can this office space grow with my company?
Is there an ample space for your company to grow in the confines of the office space? As your brand explodes in dimension, your staff members are also expected to grow in numbers. Look for an office space that is spacious and can accommodate more people as you expand domains. You need an office space that will literally and figuratively grow with your brand.
- Are there hidden costs?
Before you sign any lease agreements or contracts, you must read the fine print and all the details especially in terms of fees or charges. Ask the inclusions of your rental payment whether the charges would include water, electricity, Wi-Fi, janitorial, security, and maintenance fees. It would be better to be clear about this matter before sealing the deal with the building owner.
- Does the office space enhance your brand?
Your office space speaks a lot about your brand’s vision and style. Check the architectural design and see if the office space would need a new splash of pain to suit your branding needs. Make sure that the office wallpaper, furniture, decors, and lighting would fit the brand’s tone and would be efficient in conveying the message. Overall, the look of your office space should emit personality and professionalism.
Understanding the location of the office space is crucial to determining whether it’s the right spot or not. Make sure to check on the property owner’s reputation because you wouldn’t want to deal with someone unreliable. Comparing locations and doing research on your chosen office spaces will help you weed the good ones and select the best match.