Four tips for finding affordable office space for your growing work force
As a business evolves and expands, so the need for a larger office space becomes more prominent. We spend one third of our lives at work, which means that any place you find needs to not only be affordable but can become a space that your colleagues and customers can resonate with. Here are a few tips to help you find the perfect office.
1. Try to find an open plan space
Just like a blank canvas is ideal for an artist, an open plan space has several benefits as an office, besides being cheaper.
- You can change the layout as the business demands
- Co-workers can interact with each other frequently to promote information flow
- It can improve collaboration
- Communal space is used to share resources like printers or plug points.
If you find a space that still has cubicles and partition walls, you can maximise the space and have more room for equipment or desks. Conversely, you could put up a few partition walls to create small meeting spaces. An open plan work space may reduce heating/cooling and electricity expenses as air and light are readily available.
2. Find an already renovated, newly vacated space
This is a great tip if you want to play the property game as it will give you a greater insight into your city’s commercial property choices. Chat to a commercial real estate agent or firm to find out about leases that are going to be expiring soon, businesses that are about to downsize or if they know of any businesses vacating office spaces that match your specifications. You may find your dream office space, especially if it has already been renovated.
3. Consider suburbs or up-and-coming areas
While it’s certainly appealing to retain offices in the cool, downtown areas, the ensuing street cred comes with a hefty price tag. If you’re serious about keeping expenses down, there are plenty of viable neighbourhoods slightly out of town with reduced rental fees. For example, Westlake near the suburb of Tokai in Cape Town is favoured by growing businesses.
An easily accessible suburb will also mean less traffic than in the city (not to mention more parking spaces in the suburbs) and you may find a larger, cheaper space as opposed to the smaller spaces in town. If your business needs to be close to the city, surrounding areas can be viable rental options. Woodstock in Cape Town is a noted example of a developing area, with its various old warehouses and buildings being revamped and turned into office blocks: the rental is lower and it’s right next to the city centre and highway.
4. Maximise your current space
Before you’ve started looking for a new office space, why not reassess your current one? Peggy Shell, founder and CEO of recruitment agency, Creative Alignments, brought in an interior designer for a consultation on their current office. With a growing team and a limited space as the brief, the interior designer was able to make suggestions on how to maximise the current office, which meant no moving and the same rent.
Moving office doesn’t have to be a huge financial headache if you take the time to do your research and consider all your options. Just keep in mind that your office space needs to fulfil your budget and your team’s size.
Featured image: Unsplash