Office Leasing Strategy
If your office lease is coming up for expiry and you are wondering whether to stay put or move to new offices, here are some basic pointers to help you assess your current and future need from an office space perspective:
Is your current office too small / too big and are you using the space you currently have a available to its maximum potential? Can you current office space adapt to fit your future needs? Find out with the Office Space Calculator.
Configuration of Office Space
Does the current layout and configuration of your existing space lend itself to your working practices? Would you be better in an open plan environement or enclosed offices? If you want your staff to collaborate and communicate better, then moving to an open plan office may be a better option.
Is the location of your office the best one for retaining clients and attracting new (right) ones? Is it convenient for staff? Is there adequate parking and/or convenient access to public transport? Do you need to be closer to competitors or business associates?
What do your employees think of your current office space? Taking this opportunity to evaluate employee concerns will help you make an informed decision about your next choice of office space.
Office Lease Terms
If you are considering staying in your current office space, you will want to make sure that the office lease terms that are re-negotiate stand in your favor. Get professional advice from a Tenant Rep Broker and don't attempt to re-negotiate the office lease on your own behalf. They will have a clear understanding of the needs of your business and negotiate an office lease deal that best suits the financial and operational requirements.
Download the Office Space Checklist to help you evaluate your current office property or assess potential office properties.
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