{"id":3172,"date":"2017-08-01T17:22:49","date_gmt":"2017-08-01T17:22:49","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=3172"},"modified":"2020-02-27T09:01:13","modified_gmt":"2020-02-27T09:01:13","slug":"office-space-lease-build","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/office-space-lease-build\/","title":{"rendered":"Office Space: Lease Or Build Your Own?"},"content":{"rendered":"
\"Office<\/a>
Office Space: Lease Or Build Your Own?<\/figcaption><\/figure>\n

The majority of companies tend to lease office space. This is fine but it does mean that you\u2019re going to be paying out rental fees every month indefinitely. It also gives you a lot less control over the specifications of the office, so it could be a better idea to build your own. Obviously, the cost is going to be far higher in the short-term, but in the long run, you\u2019ll save on lease fees. Owning the building yourself also adds to the assets that your company has which is always a benefit. If you\u2019re thinking about building your own office space, here\u2019s what you need to know.<\/p>\n

Source<\/span><\/a><\/p>\n

Don\u2019t Cut Corners <\/b><\/p>\n

You might be tempted to do things on the cheap, but it\u2019s not going to sustainable. Instead, you should go for quality over low price, that\u2019s the way to ensure that your new office space stays in good condition for longer. If you use cheap materials, you\u2019ll have to do repairs way more often and that\u2019s going to cost you. Using metal roofing over traditional materials is always a good idea. It is far more durable and it also gives you added fire protection. This should knock down your insurance bill <\/a> once the office is up and running. It\u2019s also way quicker to install so the construction time will be reduced.<\/p>\n

Ask Your Employees <\/b><\/p>\n

Your employees are going to be the ones working in the office day to day so their concerns should be at the forefront of your planning and design. If you don\u2019t listen to them then you\u2019ll end up creating an office space that they don\u2019t like. When your employees are uncomfortable in their office space, productivity will be hugely affected. However, if you ask them what their optimal conditions for working are, and fulfill them, you can get the most out of your workforce <\/a>.<\/p>\n

List Your Priorities<\/b><\/p>\n

The dynamic of every company is slightly different and you\u2019ll have your own set of priorities. If team communication is key, then consider having an open plan office. Employees from different departments that collaborate often should be placed nearby to minimize running back and forth and wasting time. By working out your priorities and building your office plan around it, you can maximize efficiency very easily.<\/p>\n

Leave Space To Grow <\/b><\/p>\n

Hopefully, your business is going to expand in the future. When you\u2019re leasing an office, it isn\u2019t too much trouble to move to a bigger office if you need one. But if you\u2019ve taken the time and effort, not to mention the money, to build your own office from scratch, it\u2019s going to be waste of time if you move out after two years. Take this into account when you\u2019re planning and leave extra space that you can expand in. However, make sure that you don\u2019t go too far in the other direction. You don\u2019t need to build a tower block for your small business. Consider creating two or three extra rooms. They can still be used for meeting rooms and then you\u2019ll have plenty of room for more employees when you need it.<\/p>\n","protected":false},"excerpt":{"rendered":"

The majority of companies tend to lease office space. This is fine but it does mean that you\u2019re going to be paying out rental fees every month indefinitely. It also gives you a lot less control over the specifications of the office, so it could be a better idea to build your own. Obviously, the […]<\/p>\n","protected":false},"author":7,"featured_media":3175,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[25],"tags":[],"acf":[],"yoast_head":"\nOffice Space: Lease Or Build Your Own? - OpenBusinessCouncil Directory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/office-space-lease-build\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Office Space: Lease Or Build Your Own?\" \/>\n<meta property=\"og:description\" content=\"The majority of companies tend to lease office space. This is fine but it does mean that you\u2019re going to be paying out rental fees every month indefinitely. It also gives you a lot less control over the specifications of the office, so it could be a better idea to build your own. 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