How do you know what is the right size and location for your business?

Location, location, location. We hear it relentlessly when it comes to real estate, and for some businesses, where you are located is just as important for the clients as it is for the staff.

But as we navigate the murky waters heading out of the pandemic, and look to what our businesses need to survive in a post-covid marketplace, is size and functionality just as important as where you are located?


Location

Where your business resides is always an important consideration on many fronts. Cost is one of the most critical limiting factors for many businesses, but in today’s market, the thought process goes a lot deeper than just affordability.


When looking to attract workers back into an office environment after 18 months of remote working, location and proximity are key considerations. There is currently, and will be for some time, reluctance to travel on public transport, and with the work-life balance a big consideration for many employees, long travel times are not ideal for staff retention and maximum productivity.


As an example, a company that has many of their employees located in the far-west, or south-west of Sydney may want to consider a location closer to their employees. A closer location to their workforce may be more advantageous than a sparkling view in east Sydney which requires extensive and difficult travel routes for staff on a daily basis.


Obviously, there are exceptions to the above, and that may be where a business is required to locate an area that best serves its customer or clients who may need to visit a premise on a regular basis. Weighing up the pros and cons of a location should feature heavily in any workplace strategy you develop before investing in your new fitout.




Footprint

Is the multiplier effect when it comes to your future requirements around the size of the workspace you require. Knowing what you need by way of footprint, comes from an understanding of where your company is going, along with what role(s) your staff need to perform when attending the office.


The minimum standard for office space is 10sqm per person, but this also includes hallways, offices and furniture. Companies that operate with less open planned working, and require sectioned offices, may need to increase to 15+sqm per person to appropriately accommodate the functions of the business.


Other considerations for the size of workspace you require include, how many days a week are a staff required to be in the office. For many businesses, the post-covid market is allowing for a reduction in their footprint by catering for fewer staff in the office on a daily basis. By accommodating a more flexible home-life balance, companies can reduce their commercial

costs with regards to overall footprint, whilst focusing on a higher quality of fitout.

When factoring in the required footprint to your workplace strategy, be sure to include expansion, acquisition and possible growth in demand for your business.


These factors should play a large role in the future planning associated with your new commercial space.



Strategy - Model

All successful fit-outs start with a solid base from which to build, and that structure is derived from the strategy and planning stages at the start of the process. Working with an experienced fit-out specialist will give you the right tools to plan and develop your next successful workplace. Using their experience from a range of industries and markets, the right fit-out partner will work through the strategy and planning process to ensure your development takes into consideration your business needs for today, whilst also effectively planning for the future.


Choosing the right professional fit-out team for your new office workspace may possibly be one of the most cost and time-efficient decisions that can be made when considering what your future workplace will look like.


So, if you are looking for an office fit-out specialist with the industry's best design to help you navigate the development of your post-covid work environment, contact us on (02) 9984 9440 or email us at contact@trueprojects.com.au.


NB: Image source Unsplash

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