Things to Consider When Looking for an Office Space for Rent Canberra


Virtualofficespace1147

Uploaded on Feb 16, 2023

Category Business

Your workplace environment, which is vital to employee productivity, engagement, and satisfaction, represents the culture of your business. However, a lot of businesses forget how facilities management can greatly aid in the expansion and success of a corporation.

Category Business

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Things to Consider When Looking for an Office Space for Rent Canberra

Things to Consider When Looking for an Office Space for Rent Canberra Things to Consider When Looking for an Office Space for Rent Canberra Your workplace environment, which is vital to employee productivity, engagement, and satisfaction, represents the culture of your business. However, a lot of businesses forget how facilities management can greatly aid in the expansion and success of a corporation. The advantages of having an office that is tastefully designed and furnished in line with your company's vision and culture are listed below. ● Employee engagement, productivity, happiness, and health will all increase if they love and like their working settings. ● People who work in interior environments that are well-maintained use fewer sick days, have lower employee turnover, are happier at work and are more productive. ● Employees that are unhappy and disengaged are unproductive and do not provide value to a company. ● Employees who are highly disengaged are unhappy with their working environment. When making changes to your office space or looking for new office space for rent Canberra, there are many different considerations to take into account. Additionally, it is crucial to remember that workers want four essential spaces in the workplace where they may concentrate, interact, learn, and socialise. We have created a thorough guide on selecting a new office rental Canberra that will enable you and your business to grow and succeed. Accessibility The most crucial consideration when selecting serviced offices canberra is location. Any firm should prioritise having an accessible location because it can significantly affect the success or failure of any enterprise. Traffic and a lack of parking spaces are common issues for workers in emerging cities. According to recent research, nearly a third of workers arrive late to work at least once every month, with 50% of workers attributing their tardiness to traffic congestion. Employees don't have to worry about transportation to and from work every day if their office is close to both public transportation and private transportation. In addition, having an office located in a business hub or in the vicinity of amenities including shopping centres, eateries, bars, and cafes can increase convenience and boost employee satisfaction. Floor Space When looking for new office space for rent Canberra, it is important to consider how much space is needed for your business to grow. Allow for at least 70 square feet per person who will regularly use the office, and make sure to include meeting rooms, kitchen space, and recreational space when comparing properties. Additionally, if you bring in freelancers occasionally, make sure that they have access to an on-demand workspace. It is important to avoid cramped offices, as it can reduce employee productivity, even if it means paying more for the right amount of space. Expense Effective planning must be done when estimating the cost of office space for rent Canberra. The price affects your company's net profitability and influences the number of reserves it may maintain. A subpar workplace with a poor location and working environment could come from a price or subsidy for the office space that is too low. On the other side, if the price is inflated, the company can end up spending more than it can afford, which would put a heavy financial weight on it in the form of a high lease and additional costs. Make sure there are no unforeseen costs when selecting an office space for rent, such as maintenance fees, parking fees, association dues, or any extra costs. Additionally, evaluate whether the rent matches the location and facilities included. Infrastructure Nowadays, businesses can hardly operate without internet connectivity, thus this is a crucial consideration when choosing an office space for rent Canberra. Internet connectivity is available in some office spaces and is included in the rent. To avoid productivity obstacles, it's essential to have a dependable, stable, and quick internet connection. Check to see if the office space you are considering can support infrastructure upgrades in accordance with your business needs. Amenities In addition to parking, take into account the amenities that are provided for your staff in a new location, both inside the workplace and close by. Your employees will benefit from a furnished, outfitted, and manned workspace as soon as they enter the new office space for rent. A contemporary and chic workspace will enhance your brand and provide your staff with a positive impression of the organisation as a whole. Additionally, go around the areas surrounding potential office locations to see what else is there. You could want to pick a site close to a few dining options so that employees can go out for lunch or near a coffee shop so they can stop by on their way to work in the morning. It's also enjoyable to host workplace celebrations and special events next to a great happy hour bar. The presence of a gym close to your new workplace can motivate staff to work out and fit in a workout before or after work. Type of Office Space The market offers a variety of office space for rent Canberra, including Premium Grade A offices, High Tech Business Park spaces, Shophouse offices, co-working spaces, and serviced offices Canberra, depending on the type of business one does. Every sort of workstation has unique characteristics, benefits, and drawbacks. The use of flexible workspace or co-working space by huge multinational corporations is no longer unusual in the present business environment. Similar to how large multinational corporations, financial institutions, and energy firms no longer monopolise Premium Grade A office space, we have seen a substantial uptake of such space by technology companies and well-capitalized startups. Choosing the correct workspace for an organisation is of the utmost importance, not only when it comes to the financial aspects, but also to ensure that the workplace is suitable for the company's culture and image. Rent Tenure The length of the lease is a subject that senior management and business owners frequently argue over. It mostly relies on whether the business is a fast-growing startup or an established one. It will be challenging for a firm with rapid growth to predict how many additional employees they will need in six or even three months. Therefore, for such organisations, continuing with a long-term lease beyond three years will be a very dangerous alternative. As a general rule, businesses are discouraged from leasing any type of traditional workspace where significant capital expenditures are made in furnishing for leases shorter than three years. Organisations should consider the advantages of private office suites, serviced offices, and co-working spaces, as these are fully furnished and equipped solutions for businesses that are not planning to occupy premises for more than 3 years. Space for Growth Do you have an extensive portfolio of spaces to cater to the needs of businesses that outpace their original growth plans? For many business owners and executives, having to quickly find new office space for rent can become a stressful challenge. To ensure that these “good problems” don’t become a burden, it’s best to work with a landlord or workspace provider that offers a variety of locations. This way, if the tenant needs to expand, they’ll have plenty of options to choose from. Safety It is critical to evaluate the security measures of potential new office space Canberra, such as the presence of a security guard 24/7, the use of a keycard for entry, and a metal detector at entrances. Depending on the specifics of your business and the security risks you face, these features may be essential in your decision of where to move. Everyone deserves to feel safe and secure in their workplace, and these considerations should be taken seriously. 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