Since the emergence of co-working spaces and
companies that are more open to remote employees and virtual
meetings, there have been many discussions and debate whether
companies still need an office space in order to function and
operationalize. While the flexibility of a virtual office is
favorable for many, some businesses still benefit from having an
actual office space-not only for the company but also for its
employees as well.
Numerous reports and studies have proven that there is a
significant relationship between physical space and business
performance metrics, productivity, and overall employee experience.
Gensler's Workplace Index, four key areas in an office space
were identified that employees need: a space to focus, collaborate,
learn, and socialize. Additionally, factors such as lighting,
functional space, and equipment can also
affect their efficiency and motivation at work.
An office can also cultivate company culture and exude company
branding. In fact, an office space is one of the endemic ways a
company communicates its essence to its clients, investors, and
future employees. While a company's identity and culture is not
made up of tangible factors, research suggests that factors
office space such as interior design, architecture, etc. can
influence or even change an organization's culture.
Considerations in finding an office space
Given the importance of the office space for your company
culture, brand, and employee productivity, there should be many
considerations made before choosing an office space:
One of the immediate factors to think about when selecting an
office space is its capability to be converted into a workplace
design best suited for your company and business. Many office
studies have proven that this in fact
contributes to innovation and productivity of the employees and
the company itself.
The location of your office should also be one of your top
priorities. Ideally, it should be convenient for your employees and
clients as well, giving them easier access to public transport,
food, and other amenities.
However, choosing your business address may vary depending on
what your company offers-a company that deals with high-end clients
may be well suited to established business districts while retail
businesses may be located better in a local neighborhood. You can
also consider your distance to your competitors, or proximity to
Lease Rates and Terms
Business owners should also consider and examine lease terms
thoroughly. While there may be many factors that contribute to the
leasing rate of an office space, companies should be knowledgeable
of how expensive or cheap leasing a space should be.
Building Infrastructure and Facilities
More than the office space, you should also consider the
building infrastructure itself, its facilities and amenities. What
it can offer can determine the sustainability of your new office
space, as well as your business.
Finding the best office space for your business can be
challenging and overwhelming. At the end of the day, your goal
should be choosing one that reflects your company values and
culture, provide for your needs, and support your goals.
Need help in finding an office space for your business? Contact
Karen at 403-5509 or thru