Factors to Take into Account While Searching for Office Space for Rent in Canberra
Your office environment reflects the culture of your company and is essential to employee productivity, engagement, and satisfaction. Nevertheless, a lot of companies overlook the crucial role that facilities management may play in a company’s growth and success.
The following is a summary of the benefits of having an office that is elegantly decorated and furnished in accordance with your company’s vision and culture.
- Employee satisfaction and enjoyment at work will grow along with their involvement, productivity, happiness, and health.
- Employee turnover is lower, morale is higher, productivity is higher, and fewer sick days are taken by workers in well-maintained interior spaces.
- Unhappy and disengaged workers are unproductive and provide no value to a business.
- High levels of employee disengagement result in dissatisfaction with the workplace.
There are numerous factors to take into account whether remodelling your workplace or searching for new office space to rent Canberra. It’s also critical to keep in mind that employees desire four key areas in the office where they can focus, engage, learn, and socialise.
We have put together a comprehensive guide on choosing a new office rental in Canberra that will allow you and your company to flourish.
Location is the most important factor to take into account while choosing serviced offices in Canberra. Accessibility should be a top priority for any company because it has a big impact on whether or not an organisation succeeds.
For workers in developing cities, traffic and a lack of parking spaces are major problems. Recent studies show that about a third of employees arrive late for work at least once every month, with 50% of employees blaming traffic congestion for their tardiness.
If their office is close to both public transportation and private transportation, employees don’t have to worry about getting to and from work every day.
Also, having a workplace close to attractions like shopping malls, restaurants, pubs, and cafes can improve convenience and raise employee happiness.
The amount of space required for your company to expand should be taken into account when searching for new office space for rent in Canberra. While evaluating properties, remember to account for at least 70 square feet each person who will frequently use the office and take conference rooms, kitchen space, and leisure space into consideration. Also, if you occasionally hire freelancers, make sure they have access to an on-demand workspace. Even though it costs extra to get the correct amount of space, it’s crucial to avoid crammed workplaces because they might lower employee productivity.
Estimating the cost of Canberra office space for rent requires careful planning. The price affects the net profitability of your business and the amount of reserves it may hold.
A price or subsidy for the office space that is too low may result in a mediocre workplace with a poor location and working environment. The firm may wind up spending more than it can afford, which would place a significant financial burden on it in the form of a high lease and additional charges. On the other hand, if the price is inflated, the company may end up spending more than it can afford.
When choosing a rental office space, make sure there are no hidden expenditures, such as maintenance fees, parking prices, association dues, or any other additional expenses. Moreover, consider whether the rent is reasonable for the area and facilities offered.
Infrastructure Because businesses these days virtually ever function without internet connectivity, this is an important factor to take into account when selecting an office space to rent in Canberra. Some office premises have internet connectivity, and the rent includes it.
It’s crucial to have a dependable, stable, and speedy internet connection to prevent productivity barriers. Make sure the office space you’re thinking about can accommodate infrastructure upgrades in line with your company’s requirements.
Consider the amenities offered to your personnel in a new site, both inside the business and nearby, in addition to parking. As your employees walk into the new office space for rent, they will find a fully equipped, staffed workspace. A modern, stylish workspace will boost your brand and provide your team a favourable view of the company overall.
Have a look around any potential workplace locations to see what else is available. You could want to choose a location near a few restaurants so that workers can go out for lunch or close to a coffee shop so that they can stop by on their way to work in the morning. It’s fun to host company parties and other special occasions close to a fantastic happy hour bar. The proximity of a gym to your new place of employment can encourage employees to exercise and fit in a workout before or after work.
Office Space Type
Depending on the type of business one runs, the market provides a choice of office space for rent in Canberra, including Premium Grade A offices, High Tech Business Park spaces, Shophouse offices, co-working spaces, and serviced offices Canberra. Every type of workstation has distinct qualities, advantages, and disadvantages.
In the current corporate environment, large international businesses frequently use flexible workspace or co-working space. Technology companies and well-funded startups have significantly increased their use of Premium Grade A office space, much like how major multinational organisations, banking institutions, and energy companies no longer monopolise such space.
When it comes to both financial considerations and ensuring that the workplace is appropriate for the company’s culture and image, choosing the right workspace for an organisation is of the utmost importance.
Senior management and firm owners regularly clash about the lease’s duration. It largely depends on whether the company is a startup with rapid growth or an established one. A company experiencing significant expansion may find it difficult to foresee how many new staff they will require in the next six or even three months. Keeping a long-term lease after three years will be a very risky decision for such organisations.
Businesses are often advised against leasing any form of conventional workspace where major capital expenditures are made in furnishing for leases shorter than three years. Private office suites, serviced offices, and co-working spaces have advantages for organisations that don’t expect to occupy a place for more than three years. These options are fully furnished and equipped.
Do you have a wide variety of spaces to meet the requirements of companies with faster development than anticipated? Having to rapidly find new office space for rent can become a difficult challenge for many business owners and executives. Working with a landlord or workspace provider who offers a variety of locations is the ideal option if you want to make sure that these “positive difficulties” don’t become a burden. By doing this, the tenant will have many options to select from if they need to expand.
It is crucial to assess the security precautions of a proposed new office space Canberra, including the usage of a keycard for entry, a metal detector at the doors, and the presence of a security officer around-the-clock. These attributes might be critical in helping you decide where to relocate, depending on the particulars of your organisation and the security threats you encounter. These factors should be handled carefully since everyone deserves to feel comfortable and safe at work.