Choosing the right premises for your commercial office fitout is a very important decision that has far reaching implications for your business. The general criteria for selecting a building are consistent, but the importance of these criteria will differ based on your own business circumstances.
10 things that you should consider:
- The demographics of your staff and their proximity to the location
Retaining and attracting your staff may involve the right strategic decision on where to locate the premises for your office relocation.
- The demographics of your clients and their proximity
There may be a logistical or cultural need to be geographically close to your clients or other organisations in the same industry, otherwise you may run the risk of losing key clients.
- The lease budget available
Each building differs in terms of quality and location and this will be reflected in the lease costs. Set an appropriate budget to avoid wasting time and money. Amicus are happy to be involved from the beginning of this process, we can advise and know tenant reps who can assist on your search for a new office space.
- Size and Growth
Ensure that you select an office space that will allow for future growth of the business. It is essential to ensure that your fitout will work for your requirements over the length of the lease. Amicus can advise on your fitout requirements by suggesting new ways of working such as Activity based working (ABW) which can help with your use of space and possibly saving money on your real-estate costs.
- Quality of premises
Buildings all carry different levels of service performance, in terms of security, air conditioning etc and your business may need to be supported by enhanced building services. Look into the consequences of making a bad decision.
- Fit out budget available
If the fitout budget is limited you may wish to look at locations with an existing interior fitout that can be adapted to meet the demands of your business at minimal cost. Be careful here as there are lots of hidden costs. Amicus can advise on retrofitting existing fitouts with the correct commercial furniture to make the space work for your team.
- Social Responsibility
The building you choose may carry a sustainability rating for example, which may be part of your company’s social responsibility charter. Avoid making the wrong long term decision.
- Image of Premises
The building and location you choose need to reflect your company’s image and workplace culture, get this wrong and your brand may suffer. Amicus will workclosely with specialised commercial interiors designers to make the most of your space.
- Transport links
Your staff and clients may need to have close access to airports or public transport infrastructure. Map this out to avoid disruption to your business.
- Building facilities
A building with a food court, child care centre, swimming pool or gym facility for example, maybe important to you and your business.
Making the wrong choices may be damaging to your business
Before embarking on the search for new premises some or all of these factors will need careful consideration. Businesses’ will often occupy the same building for 5-10 years and the choice of premises and office design will need to reflect the needs of the business over the lease full term. By working through these key points you will be able to formulate a Location Brief. This will help steer your building search with full consideration and understanding of the importance of the various selection criteria listed above. Make sure you provide the appropriate weighting to the things that are important to your business.