Office Tips

How to Choose the right Office Space for your Business

How to Choose the right Office Space for your Business

Landmark Title Assurance Agency recently moved to a new offices. They are now located at 2555 E. Camelback Rd. The new space is close to the firm’s previous offices at the Esplanade, just further west on Camelback.

When looking to move to a new location, a business owner or manager must consider the decision from all angles, and weigh the pros with the cons. Following is a list of factors to consider before moving a business to a new location:

Space needs: Constraints on the physical size of an office location are a prime factor to consider when a business is planning to move.

Firms often have to juggle the need for more room to grow and expand, and the rising costs of commercial real estate – especially in a high-growth area.

Knowing your “golden mean,” or in this case the balance between the cost per square foot and the difference in utility that can be gained from a move, can be very beneficial.

Location: Where is your current offices or business space in relation to where you are looking to relocate? This is especially relevant if your physical whereabouts are important to any clients or customers.

When it came to Landmark Title’s move, the location proved paramount. Vicki Etherton, president of Landmark Title knew she wanted to remain in the Camelback corridor near many of the companies and individuals they work.

Location is also important when it comes to attracting and retaining employees. Keep your team in the loop with any information pertaining to a move, and address any concerns about commute times.

Amenities: Available amenities can have a big influence on a potential moving decision. The features and physical layout of an office can impact employee morale and productivity. A private office may be very important to some, while an employee lounge or kitchen may be more important to others. Features like natural light from windows, mountain views, nearby restaurants or fitness facilities are some other amenities that offer appeal.

Tenant improvements: Be sure to ask the property owner or manager what they will or won’t do in terms of tenant improvements. These include any of the individual changes a building’s owner may make to the space in order to fit the needs of a specific tenant.

After considering all the options, then it’s a matter of analyzing the costs and benefits and negotiating a lease agreement or building purchase.

If you and your company are considering a move, learn what Landmark Title can do to help. The company has over more than four decades of expertise working in the commercial real estate sector.

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