So, the question is: where is the best location for your office space. When you are considering office leasing you will need to make a lot of choices. Before the economy took a turn for the worst, companies could consider location above all else. However, now, while location is still essential, cost seems to be taking over as the major deciding factor.
There are two major choices when considering location. Will you choose the downtown, in the hub of the activity, or in the outskirts? Which is right for your office? It may be that your company is not that type of company that would thrive in a downtown environment – do you need the luxury and the ease of being in the mix? There are some companies that may decide the higher cost is worth it because they need to be right in the middle of the action or near their competitors.
For example, many law firms may locate in a downtown area because they want to be close to the courthouses. Many also feel that they can conduct business more casually if they run into people when they are out for lunch or stepping out of the office for a brief period of time. Image might also be a considering factor for companies as those with downtown addresses may have a higher image.
Consider also the effect it could have on your employees. Will this location attract the type of employees you are looking to hire? Is the parking sufficient? Will everyone have to pay for parking or will you have a lot available? If employees are going to end up paying a bunch of their paycheck for parking you are going to need to take into consideration an incentive package that makes it more affordable or cost effective.
For some the benefits of moving away from a city hub might be a great way to save money. The business parks outside of the city can offer companies plenty of advantages, including a great way to entice local employees. By being more affordable, companies might be able to offer their employees higher pay or better parking options, including discounts to area restaurants or health clubs, as the case may be.
Traffic can be a concern for companies in a downtown area as well. Employees may be more likely to be on time if they don’t have to sit in traffic each day and hope for the best. This will also help employees save gas and make a positive impact on the environment as well. Employees that live close to work will really appreciate the extra time they have in the morning and after work that they wouldn’t have if they were stuck in the daily grime of traffic.
While there are many options that must be considered when searching for the best office space, consider the location as well. Carefully look into working both in a downtown area and outside in order to make the best, most affordable choice for your company. Not all companies need what a downtown location has to offer while others do – What does your company need? Answer this question and it will help you determine where to lease.
About the Author: Rebecca Beckett is a freelance writer for Innuity. If you would like more information about office space or office leasing go to Royal Commercial
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Tags: office leasing, office space