Selecting an office space for your business can be a tricky proposition.
There are myriad factors you must consider that will inevitably influence the way your company operates in its new premises.
Arriving in the right space is essential for the success of your business. Therefore, the required research must be put in, and you must do everything possible to avoid the common mistakes that claim many businesses.
Here are some of the most frequent mistakes that businesses make in the hunt for a new Sydney office, and how to best avoid them.
Failing to Estimate Required Space Correctly
Before you settle on a new office, it’s imperative that it provides you with the right amount of space to function.
It can’t be too small, as your staff will end up working on top of each other. That affects productivity and can cause a variety of other problems.
However, if you end up with too much space, you’re simply paying for floorspace that your business doesn’t need.
Our Sydney office space calculator is the perfect way to estimate the amount of space that your business requires in its new office.
We’ll help you consider staff numbers, additional rooms, anticipated growth and other important factors. This combines for an estimate of the amount of space you need.
Moreover, at Niche Tenant Advisory, we can then help you find and secure your perfect Sydney office space.
Not Thoroughly Judging the Condition of Your Office
Condition reports are absolutely essential when considering a new Sydney lease.
If you enter into an agreement without completing due diligence on the condition of your new premises, you could be setting yourself up for plenty of financial pain in the long run.
Without a condition report, disputes over repairs and accidents can be commonplace.
Furthermore, your new office space could be unsafe, thereby putting your employees at risk of injury in the workplace.
Therefore, failing to be informed on the condition of your new office before moving in can cost you in a big way.
Avoid this by hiring the professionals. At Niche Tenant Advisory, we’re partnered with Condition Reports Online, to ensure we and you are as informed as possible.
A Poor Location
The location of your office is so important when it comes to accessibility for your staff, customers/clients, and business partners.
For instance, if your staff find it difficult to travel to their workplace, they may look to different employment. And customers who despise the commute to your office could end up doing business elsewhere.
You should be flexible with the area you decide to settle in but do ensure you consider the location and how it will affect your people.
A great location can help to attract more talent to your company, as well as more clients and stronger business relationships.
Thankfully, at Niche Tenant Advisory, we have an excellent understanding of Sydney’s commercial property market and can help find the best location for you.
To discuss your hunt for Sydney office space, get in touch with Niche Tenant Advisory here.
